ChoiceOne Financial Services CEO Kelly Potes' 2022 pay slips 2% to $646K
ChoiceOne Financial Services reports 2022 executive compensation
By ExecPay News
Published: April 11, 2023
ChoiceOne Financial Services reported fiscal year 2022 executive compensation information on April 11, 2023.
In 2022, three executives at ChoiceOne Financial Services received on average a compensation package of $483K, a 3% decrease compared to previous year.
Average pay of disclosed executives at ChoiceOne Financial Services
Kelly J. Potes, Chief Executive Officer, received $646K in total, which decreased by 2% compared to 2021. 62% of Potes' compensation, or $400K, was in salary. Potes also received $122K in non-equity incentive plan, $91K in stock awards, as well as $33K in other compensation.
Michael Mike J Burke, Jr, President of ChoiceOne and ChoiceOne Bank, received a compensation package of $488K, which decreased by 5% compared to previous year. 68% of the compensation package, or $330K, was in salary.
Bradley A. Henion, Senior Vice President amp; Chief Lending Officer of ChoiceOne Bank, earned $315K in 2022, which is about the same as previous year.
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Source: SEC filing on April 11, 2023.