First Bancorp reports 2018 executive compensation

CEO Tony C. McKim receives $858.1K

First Bancorp reported fiscal year 2018 executive compensation information on March 8, 2019.

In 2018, five executives at First Bancorp received on average a compensation package of $430,391, a 6% increase compared to previous year.

Average pay of disclosed executives at First Bancorp

Tony C. McKim, Chief Executive Officer, received $858,076 in total, which increased by 17% compared to 2017. 60.60% of McKim's compensation, or $520,000, was in salary. McKim also received $191,719 in bonus, $130,000 in stock awards, as well as $16,357 in other compensation.

Charles A. Wootton, Executive Vice President Senior Loan Officer, received a compensation package of $385,442, which increased by 5% compared to previous year. 66.42% of the compensation package, or $256,000, was in salary.

Susan A. Norton, Chief Administrative Officer, earned $333,176 in 2018, a 4% increase compared to previous year.

Richard M. Elder, Chief Financial Officer, received $300,654 in 2018, which increases by 10% compared to 2017.

Sarah J. Tolman, Executive Vice President Branch Administration, earned $274,606 in 2018, a 9% increase compared to previous year.