Evans Bancorp CEO David Nasca's 2021 pay rises 5% to $1M
Evans Bancorp reports 2021 executive compensation
By ExecPay News
Published: March 24, 2022
Evans Bancorp reported fiscal year 2021 executive compensation information on March 24, 2022.
In 2021, three executives at Evans Bancorp received on average a compensation package of $600K, a 8% increase compared to previous year.
Average pay of disclosed executives at Evans Bancorp
David Nasca, Chief Executive Officer, received $1M in total, which increased by 5% compared to 2020. 53% of Nasca's compensation, or $550K, was in salary. Nasca also received $263K in non-equity incentive plan, $41K in option awards, $124K in stock awards, as well as $61K in other compensation.
For fiscal year 2021, the median employee pay was $57,852 at Evans Bancorp. Therefore, the ratio of David Nasca's pay to the median employee pay was 18 to one.
John Connerton, Chief Financial Officer, received a compensation package of $487K, which increased by 21% compared to previous year. 53% of the compensation package, or $258K, was in salary.
Aaron M. Whitehouse, SVP and President of TEA, earned $274K in 2021, a 3% decrease compared to previous year.
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Source: SEC filing on March 24, 2022.