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First Bancorp President Principal Executive Officer Daniel Daigneault's 2006 pay slips 11% to $418K

First Bancorp reports 2006 executive compensation

By ExecPay News

Published: March 16, 2007

First Bancorp reported fiscal year 2006 executive compensation information on March 16, 2007.
In 2006, seven executives at First Bancorp received on average a compensation package of $228K, a 13% increase compared to previous year.
Average pay of disclosed executives at First Bancorp
Daniel R. Daigneault, President Principal Executive Officer, received $418K in total, which decreased by 11% compared to 2005. 72% of Daigneault's compensation, or $300K, was in salary. Daigneault also received $25K in bonus, $76K of change in pension value and nonqualified deferred compensation earnings, as well as $17K in other compensation.
Daniel M. Lay, Managing Principal First Advisors, received a compensation package of $320K, which increased by 174% compared to previous year. 76% of the compensation package, or $245K, was in other compensation.
Tony C. McKim, Chief Operating Officer, earned $239K in 2006, a 27% increase compared to previous year.
F. Stephen Ward, Executive Vice President Principal Financial Officer, received $203K in 2006, which decreases by 7% compared to 2005.
Charles A. Wootton, Executive Vice President Senior Loan Officer, earned $166K in 2006, a 18% decrease compared to previous year.
Ronald Wrobel, Senior Vice President Senior Operations Officer, received $144K in 2006, which increases by 25% compared to 2005.
Susan A. Norton, Executive Vice President Human Resources/Compliance, earned $108K in 2006, a 2% decrease compared to previous year.

Related executives

Daniel Lay

First Bancorp

Managing Principal First Advisors

2

Ronald Wrobel

First Bancorp

Senior Vice President Senior Operations Officer

2

Daniel Daigneault

First Bancorp

President Principal Executive Officer

11

F Ward

First Bancorp

Executive Vice President Principal Financial Officer

14

Tony McKim

First Bancorp

Chief Executive Officer

18

Charles Wootton

First Bancorp

Executive Vice President Senior Loan Officer

17

Susan Norton

First Bancorp

Chief Administrative Officer

18

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Source: SEC filing on March 16, 2007.