Bank of the James Financial Group CEO Robert Chapman's 2022 pay rises 8% to $617K
Bank of the James Financial Group reports 2022 executive compensation
By ExecPay News
Published: April 5, 2023
Bank of the James Financial Group reported fiscal year 2022 executive compensation information on April 5, 2023.
In 2022, four executives at Bank of the James Financial Group received on average a compensation package of $497K, a 8% increase compared to previous year.
Average pay of disclosed executives at Bank of the James Financial Group
Robert R. Chapman III, Chief Executive Officer, received $617K in total, which increased by 8% compared to 2021. 54% of Chapman's compensation, or $335K, was in salary. Chapman also received $175K in bonus and $108K in other compensation.
J. Todd Scruggs, Chief Financial Officer, received a compensation package of $496K, which increased by 7% compared to previous year. 59% of the compensation package, or $294K, was in salary.
Michael A. Syrek, President of the Bank, earned $491K in 2022, a 16% increase compared to previous year.
Harry P. Umberger, EVP - SCO of the Bank, received $385K in 2022, which increases by 1% compared to 2021.
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Source: SEC filing on April 5, 2023.