Richard M. Elder
2021
In 2021, Richard M. Elder earned a total compensation of $398.2K as Executive Vice President and Chief Financial Officer at First Bancorp, a 10% increase compared to previous year.
Compensation breakdown
| Bonus | $80,527 |
|---|---|
| Salary | $250,000 |
| Stock Awards | $50,000 |
| Other | $17,666 |
| Total | $398,193 |
Elder received $250K in salary, accounting for 63% of the total pay in 2021.
Elder also received $80.5K in bonus, $50K in stock awards and $17.7K in other compensation.
Rankings
In 2021, Richard M. Elder's compensation ranked 11,165th out of 12,397 executives tracked by ExecPay. In other words, Elder earned more than 9.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 11,165 out of 12,397 | 10th |
Division Finance, Insurance, And Real Estate | 1,995 out of 2,278 | 12th |
Major group Depository Institutions | 826 out of 1,000 | 17th |
Industry group Commercial Banks | 705 out of 800 | 12th |
Industry National Commercial Banks | 249 out of 277 | 10th |
Pay ratio
| Richard M. Elder's Pay | $398,193 |
|---|---|
| Median Employee's Pay | $61,050 |
| Pay Ratio | 7to 1 |
In 2021, the annual total compensation of Richard M. Elder was $398,193.
The annual total compensation of the median employee at First Bancorp was $61,050.
The ratio of Richard M. Elder's pay to the pay of median employee was therefore 7 to one.
Source: SEC filing on March 11, 2022.
Elder's colleagues
We found four more compensation records of executives who worked with Richard M. Elder at First Bancorp in 2021.
News
First Bancorp CEO Tony McKim's 2022 pay rises 4% to $1.2M
March 10, 2023
First Bancorp CEO Tony McKim's 2021 pay rises 10% to $1.1M
March 11, 2022
First Bancorp CEO Tony McKim's 2020 pay rises 9% to $1M
March 5, 2021
First Bancorp CEO Tony McKim's 2019 pay rises 11% to $956K
March 6, 2020
First Bancorp CEO Tony McKim's 2018 pay rises 17% to $858K
March 8, 2019