Raymond E. Reitsma
2020
Compensation breakdown
| Non-Equity Incentive Plan | $118,146 |
|---|---|
| Salary | $400,621 |
| Stock Awards | $202,891 |
| Other | $60,498 |
| Total | $782,156 |
Reitsma received $400.6K in salary, accounting for 51% of the total pay in 2020.
Reitsma also received $118.1K in non-equity incentive plan, $202.9K in stock awards and $60.5K in other compensation.
Rankings
In 2020, Raymond E. Reitsma's compensation ranked 9,576th out of 13,090 executives tracked by ExecPay. In other words, Reitsma earned more than 26.8% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 9,576 out of 13,090 | 27th |
Division Finance, Insurance, And Real Estate | 1,698 out of 2,551 | 33rd |
Major group Depository Institutions | 549 out of 1,117 | 51st |
Industry group Commercial Banks | 472 out of 897 | 47th |
Industry State Commercial Banks | 278 out of 569 | 51st |
Pay ratio
| Raymond E. Reitsma's Pay | $782,156 |
|---|---|
| Median Employee's Pay | $51,278 |
| Pay Ratio | 15to 1 |
In 2020, the annual total compensation of Raymond E. Reitsma was $782,156.
The annual total compensation of the median employee at Mercantile Bank was $51,278.
The ratio of Raymond E. Reitsma's pay to the pay of median employee was therefore 15 to one.
Reitsma's colleagues
We found four more compensation records of executives who worked with Raymond E. Reitsma at Mercantile Bank in 2020.
2020
Robert Kaminski
Mercantile Bank
Chief Executive Officer
2020
Charles Christmas
Mercantile Bank
Chief Financial Officer
2020
Lonna Wiersma
Mercantile Bank
Senior Vice President and Human Resources Director of Mercantile and the Bank
2020
Robert Worthington
Mercantile Bank