First Mid-Illinois Bancshares CEO Joseph Dively's 2021 pay jumps 67% to $1.7M
First Mid-Illinois Bancshares reports 2021 executive compensation
By ExecPay News
Published: March 18, 2022
First Mid-Illinois Bancshares reported fiscal year 2021 executive compensation information on March 18, 2022.
In 2021, five executives at First Mid-Illinois Bancshares received on average a compensation package of $961K, a 62% increase compared to previous year.
Average pay of disclosed executives at First Mid-Illinois Bancshares
Joseph R. Dively, Chief Executive Officer, received $1.7M in total, which increased by 67% compared to 2020. 47% of Dively's compensation, or $802K, was in non-equity incentive plan. Dively also received $493K in salary, $357K in stock awards, as well as $37K in other compensation.
For fiscal year 2021, the median employee pay was $39,261 at First Mid-Illinois Bancshares. Therefore, the ratio of Joseph R. Dively's pay to the median employee pay was 43 to one.
Eric S. McRae, Executive Vice President Chief Credit Officer, received a compensation package of $882K, which increased by 84% compared to previous year. 50% of the compensation package, or $443K, was in non-equity incentive plan.
Michael L. Taylor, Chief Operating Officer, earned $839K in 2021, a 64% increase compared to previous year.
Matthew K. Smith, Chief Financial Officer, received $709K in 2021, which increases by 66% compared to 2020.
Bradley L. Beesley, Executive Vice President Chief Wealth Mgmt Officer, earned $684K in 2021, a 26% increase compared to previous year.
Related executives
Joseph Dively
First Mid-Illinois Bancshares
Chief Executive Officer
Matthew Smith
First Mid-Illinois Bancshares
Chief Financial Officer
Michael Taylor
First Mid-Illinois Bancshares
Chief Operating Officer
Eric McRae
First Mid-Illinois Bancshares
Executive Vice President Chief Credit Officer
Bradley Beesley
First Mid-Illinois Bancshares
Executive Vice President Chief Wealth Mgmt Officer
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Source: SEC filing on March 18, 2022.