C&F Financial reports 2018 executive compensation

CEO Larry G. Dillon receives $933.5K

C&F Financial reported fiscal year 2018 executive compensation information on March 8, 2019.

In 2018, five executives at C&F Financial received on average a compensation package of $655,943, a 5% increase compared to previous year.

Average pay of disclosed executives at C&F Financial

Larry G. Dillon, Chief Executive Officer, received $933,507 in total, which increased by 3% compared to 2017. 35.89% of Dillon's compensation, or $335,000, was in salary. Dillon also received $106,071 of change in pension value and nonqualified deferred compensation earnings, $220,000 in non-equity incentive plan, $142,496 in stock awards, as well as $129,940 in other compensation.

For fiscal year 2018, the median employee pay was $57,798 at C&F Financial. Therefore, the ratio of Larry G. Dillon's pay to the median employee pay was 16 to one.

Thomas F. Cherry, Secretary, received a compensation package of $847,812, which increased by 5% compared to previous year. 38.33% of the compensation package, or $325,000, was in salary.

Bryan E. McKernon, Chief Executive Officer, earned $705,225 in 2018, a 3% increase compared to previous year.

S. Dustin Crone, President of C&F Finance Company, received $464,834 in 2018, which increases by 7% compared to 2017.

Jason E. Long, Chief Financial Officer, earned $328,339 in 2018, a 10% increase compared to previous year.