First Financial CEO Norman Lowery's 2021 pay slips 12% to $2.2M
First Financial reports 2021 executive compensation
By ExecPay News
Published: March 21, 2022
First Financial reported fiscal year 2021 executive compensation information on March 21, 2022.
In 2021, four executives at First Financial received on average a compensation package of $983K, a 19% decrease compared to previous year.
Average pay of disclosed executives at First Financial
Norman L. Lowery, Chief Executive Officer, received $2.2M in total, which decreased by 12% compared to 2020. 33% of Lowery's compensation, or $718K, was in salary. Lowery also received $560K of change in pension value and nonqualified deferred compensation earnings, $348K in non-equity incentive plan, $449K in stock awards, as well as $112K in other compensation.
For fiscal year 2021, the median employee pay was $49,744 at First Financial. Therefore, the ratio of Norman L. Lowery's pay to the median employee pay was 44 to one.
Rodger A. McHargue, Chief Financial Officer, received a compensation package of $766K, which decreased by 35% compared to previous year. 41% of the compensation package, or $310K, was in salary.
Steven H. Holliday, Chief Credit Officer First Financial Bank, N.A. and First Financial Corporation, earned $499K in 2021, a 2% increase compared to previous year.
Karen L. Milienu, Former Chief Branch Banking Officer First Financial Bank, N.A, received $481K in 2021, which decreases by 31% compared to 2020.
Related executives
Norman Lowery
First Financial
Chief Executive Officer
Rodger McHargue
First Financial
Chief Financial Officer
Steven Holliday
First Financial
Chief Credit Officer First Financial Bank, N.A. and First Financial Corporation
Karen Milienu
First Financial
Former Chief Branch Banking Officer First Financial Bank, N.A
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Source: SEC filing on March 21, 2022.