Farmers & Merchants Bancorp CEO Lars Eller's 2020 pay rises 4% to $587K
Farmers & Merchants Bancorp reports 2020 executive compensation
By ExecPay News
Published: February 25, 2021
Farmers & Merchants Bancorp reported fiscal year 2020 executive compensation information on February 25, 2021.
In 2020, four executives at Farmers & Merchants Bancorp received on average a compensation package of $412K, a 36% increase compared to previous year.
Lars B. Eller, Chief Executive Officer, received $587K in total, which increased by 4% compared to 2019. 66% of Eller's compensation, or $388K, was in salary. Eller also received $171K in non-equity incentive plan and $28K in other compensation.
For fiscal year 2020, the median employee pay was $48,976 at Farmers & Merchants Bancorp. Therefore, the ratio of Lars B. Eller's pay to the median employee pay was 12 to one.
Barbara J. Britenriker, Executive Vice President PFO, received a compensation package of $395K, which increased by 11% compared to previous year. 60% of the compensation package, or $237K, was in salary.
Rex D. Rice, Executive Vice President, earned $341K in 2020, a 18% increase compared to previous year.
Edward A. Leininger, Executive Vice President, received $323K in 2020, which increases by 14% compared to 2019.