Independent Bank CEO William Kessel's 2018 pay rises 11% to $1.1M
Independent Bank reports 2018 executive compensation
By ExecPay News
Published: March 7, 2019
Independent Bank reported fiscal year 2018 executive compensation information on March 7, 2019.
In 2018, five executives at Independent Bank received on average a compensation package of $658K, a 5% increase compared to previous year.
Average pay of disclosed executives at Independent Bank
William B. Kessel, Chief Executive Officer, received $1.1M in total, which increased by 11% compared to 2017. 44% of Kessel's compensation, or $480K, was in salary. Kessel also received $350K in non-equity incentive plan, $233K in stock awards, as well as $40K in other compensation.
Robert N. Shuster, Chief Financial Officer, received a compensation package of $560K, which increased by 8% compared to previous year. 48% of the compensation package, or $268K, was in salary.
Patrick J. Ervin, Executive Vice President Mortgage Banking, earned $550K in 2018, a 12% decrease compared to previous year.
Stefanie M. Kimball, Executive Vice President Chief Risk Officer, received $544K in 2018, which increases by 6% compared to 2017.
Dennis J. Mack, Executive Vice President Chief Lending Officer, earned $535K in 2018, a 8% increase compared to previous year.
Related executives
William Kessel
Independent Bank
Chief Executive Officer
Robert Shuster
Independent Bank
Chief Financial Officer
Patrick Ervin
Independent Bank
Executive Vice President Mortgage Banking
Stefanie Kimball
Independent Bank
Executive Vice President Chief Risk Officer
Dennis Mack
Independent Bank
Executive Vice President Chief Lending Officer
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Source: SEC filing on March 7, 2019.