Bank of the James Financial Group CEO Robert Chapman's 2023 pay slips 9% to $564K
Bank of the James Financial Group reports 2023 executive compensation
By ExecPay News
Published: April 8, 2024
Bank of the James Financial Group reported fiscal year 2023 executive compensation information on April 8, 2024.
In 2023, three executives at Bank of the James Financial Group received on average a compensation package of $520K, a 5% 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 $564K in total, which decreased by 9% compared to 2022. 60% of Chapman's compensation, or $341K, was in salary. Chapman also received $115K in bonus and $108K in other compensation.
Michael A. Syrek, President of the Bank, received a compensation package of $521K, which increased by 6% compared to previous year. 57% of the compensation package, or $295K, was in salary.
J. Todd Scruggs, Chief Financial Officer, earned $475K in 2023, a 4% decrease compared to previous year.
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Source: SEC filing on April 8, 2024.