ChoiceOne Financial Services CEO Kelly Potes' 2023 pay rises 12% to $722K
ChoiceOne Financial Services reports 2023 executive compensation
By ExecPay News
Published: April 11, 2024
ChoiceOne Financial Services reported fiscal year 2023 executive compensation information on April 11, 2024.
In 2023, three executives at ChoiceOne Financial Services received on average a compensation package of $523K, a 8% increase compared to previous year.
Average pay of disclosed executives at ChoiceOne Financial Services
Kelly J. Potes, Chief Executive Officer, received $722K in total, which increased by 12% compared to 2022. 65% of Potes' compensation, or $468K, was in salary. Potes also received $125K in non-equity incentive plan, $94K in stock awards, as well as $35K in other compensation.
Michael Mike J Burke, Jr, President of ChoiceOne and ChoiceOne Bank, received a compensation package of $509K, which increased by 4% compared to previous year. 70% of the compensation package, or $355K, was in salary.
Bradley A. Henion, Executive Vice President & Chief Lending Officer of ChoiceOne Bank, earned $337K in 2023, a 7% increase compared to previous year.
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Source: SEC filing on April 11, 2024.