Farmers & Merchants Bancorp CEO Lars Eller's 2023 pay slips 10% to $702K
Farmers & Merchants Bancorp reports 2023 executive compensation
By ExecPay News
Published: March 15, 2024
Farmers & Merchants Bancorp reported fiscal year 2023 executive compensation information on March 15, 2024.
In 2023, four executives at Farmers & Merchants Bancorp received on average a compensation package of $429K, a 11% decrease compared to previous year.
Average pay of disclosed executives at Farmers & Merchants Bancorp
Lars B. Eller, Chief Executive Officer, received $702K in total, which decreased by 10% compared to 2022. 70% of Eller's compensation, or $490K, was in salary. Eller also received $53K in non-equity incentive plan, $124K in stock awards, as well as $35K in other compensation.
Barbara J. Britenriker, Executive Vice President PFO, received a compensation package of $362K, which decreased by 16% compared to previous year. 72% of the compensation package, or $260K, was in salary.
Rex D. Rice, Executive Vice President, earned $328K in 2023, a 12% decrease compared to previous year.
Benét S. Rupp, Executive Vice President, received $323K in 2023, which decreases by 6% compared to 2022.
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Source: SEC filing on March 15, 2024.