First Bancorp CEO Jerry Ocheltree's 2009 pay jumps 21% to $780K
First Bancorp reports 2009 executive compensation
By ExecPay News
Published: April 8, 2010
First Bancorp reported fiscal year 2009 executive compensation information on April 8, 2010.
In 2009, six executives at First Bancorp received on average a compensation package of $481K, a 8% increase compared to previous year.
Average pay of disclosed executives at First Bancorp
Jerry L. Ocheltree, Chief Executive Officer, received $780K in total, which increased by 21% compared to 2008. 52% of Ocheltree's compensation, or $410K, was in salary. Ocheltree also received $144K of change in pension value and nonqualified deferred compensation earnings, $174K in stock awards, as well as $53K in other compensation.
Anna G. Hollers, Chief Operating Officer, received a compensation package of $594K, which increased by 9% compared to previous year. 47% of the compensation package, or $281K, was in salary.
Teresa C. Nixon, Executive Vice President Chief Lending Officer, earned $447K in 2009, a 4% increase compared to previous year.
David G. Grigg, Executive Vice President and Chief Information Officer, received $371K in 2009, which increases by 9% compared to 2008.
John F. Burns, Executive Vice President, earned $347K in 2009, a 7% decrease compared to previous year.
Eric P. Credle, Chief Financial Officer, received $344K in 2009, which increases by 4% compared to 2008.
Related executives
John Burns
First Bancorp
Executive Vice President
Jerry Ocheltree
First Bancorp
Former President of First Bank
Anna Hollers
First Bancorp
Chief Operating Officer
Teresa Nixon
First Bancorp
Executive Vice President Chief Lending Officer
Eric Credle
First Bancorp
Chief Executive Officer
David Grigg
First Bancorp
Executive Vice President and Chief Information Officer
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Source: SEC filing on April 8, 2010.