Central Federal CEO Timothy O'Dell's 2022 pay rises 9% to $1.3M
Central Federal reports 2022 executive compensation
By ExecPay News
Published: May 1, 2023
Central Federal reported fiscal year 2022 executive compensation information on May 1, 2023.
In 2022, three executives at Central Federal received on average a compensation package of $766K, a 10% increase compared to previous year.
Average pay of disclosed executives at Central Federal
Timothy T. O'Dell, Chief Executive Officer, received $1.3M in total, which increased by 9% compared to 2021. 39% of O'Dell's compensation, or $505K, was in non-equity incentive plan. O'Dell also received $475K in salary, $307K in stock awards, as well as $23K in other compensation.
Bradley J. Ringwald, President of CFBank, received a compensation package of $600K, which increased by 6% compared to previous year. 50% of the compensation package, or $300K, was in salary.
Kevin J. Beerman, Chief Financial Officer, earned $387K in 2022, a 17% increase compared to previous year.
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Source: SEC filing on May 1, 2023.