Evans Bancorp CEO David Nasca's 2022 pay jumps 25% to $1.3M
Evans Bancorp reports 2022 executive compensation
By ExecPay News
Published: March 22, 2023
Evans Bancorp reported fiscal year 2022 executive compensation information on March 22, 2023.
In 2022, three executives at Evans Bancorp received on average a compensation package of $696K, a 16% increase compared to previous year.
Average pay of disclosed executives at Evans Bancorp
David Nasca, Chief Executive Officer, received $1.3M in total, which increased by 25% compared to 2021. 43% of Nasca's compensation, or $563K, was in salary. Nasca also received $307K of change in pension value and nonqualified deferred compensation earnings, $197K in non-equity incentive plan, $165K in stock awards, as well as $67K in other compensation.
For fiscal year 2022, the median employee pay was $66,152 at Evans Bancorp. Therefore, the ratio of David Nasca's pay to the median employee pay was 20 to one.
John Connerton, Chief Financial Officer, received a compensation package of $453K, which decreased by 7% compared to previous year. 58% of the compensation package, or $265K, was in salary.
Aaron M. Whitehouse, SVP and President of TEA, earned $336K in 2022, a 23% increase compared to previous year.
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Source: SEC filing on March 22, 2023.