Raymond E. Reitsma
2021
Compensation breakdown
| Non-Equity Incentive Plan | $185,207 |
|---|---|
| Salary | $405,784 |
| Stock Awards | $220,395 |
| Other | $59,274 |
| Total | $870,660 |
Reitsma received $405.8K in salary, accounting for 47% of the total pay in 2021.
Reitsma also received $185.2K in non-equity incentive plan, $220.4K in stock awards and $59.3K in other compensation.
Rankings
In 2021, Raymond E. Reitsma's compensation ranked 9,219th out of 12,405 executives tracked by ExecPay. In other words, Reitsma earned more than 25.7% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 9,219 out of 12,405 | 26th |
Division Finance, Insurance, And Real Estate | 1,502 out of 2,278 | 34th |
Major group Depository Institutions | 476 out of 1,000 | 52nd |
Industry group Commercial Banks | 412 out of 800 | 49th |
Industry State Commercial Banks | 226 out of 512 | 56th |
Pay ratio
| Raymond E. Reitsma's Pay | $870,660 |
|---|---|
| Median Employee's Pay | $53,499 |
| Pay Ratio | 16to 1 |
In 2021, the annual total compensation of Raymond E. Reitsma was $870,660.
The annual total compensation of the median employee at Mercantile Bank was $53,499.
The ratio of Raymond E. Reitsma's pay to the pay of median employee was therefore 16 to one.
Reitsma's colleagues
We found four more compensation records of executives who worked with Raymond E. Reitsma at Mercantile Bank in 2021.
2021
Robert Kaminski
Mercantile Bank
Chief Executive Officer
2021
Charles Christmas
Mercantile Bank
Chief Financial Officer
2021
Lonna Wiersma
Mercantile Bank
Senior Vice President and Human Resources Director of Mercantile and the Bank
2021
Robert Worthington
Mercantile Bank