Farmers & Merchants Bancorp CEO Lars Eller's 2022 pay rises 9% to $782K
Farmers & Merchants Bancorp reports 2022 executive compensation
By ExecPay News
Published: March 7, 2023
Farmers & Merchants Bancorp reported fiscal year 2022 executive compensation information on March 7, 2023.
In 2022, four executives at Farmers & Merchants Bancorp received on average a compensation package of $482K, a 13% increase compared to previous year.
Average pay of disclosed executives at Farmers & Merchants Bancorp
Lars B. Eller, Chief Executive Officer, received $782K in total, which increased by 9% compared to 2021. 53% of Eller's compensation, or $411K, was in salary. Eller also received $209K in non-equity incentive plan, $123K in stock awards, as well as $39K in other compensation.
For fiscal year 2022, the median employee pay was $49,628 at Farmers & Merchants Bancorp. Therefore, the ratio of Lars B. Eller's pay to the median employee pay was 16 to one.
Barbara J. Britenriker, Executive Vice President PFO, received a compensation package of $430K, which increased by 3% compared to previous year. 57% of the compensation package, or $246K, was in salary.
Rex D. Rice, Executive Vice President, earned $371K in 2022, a 3% increase compared to previous year.
Benét S. Rupp, Executive Vice President, received $344K in 2022, which increases by 14% compared to 2021.
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Source: SEC filing on March 7, 2023.