Lakeland Financial CEO David Findlay's 2021 pay rises 16% to $1.9M
Lakeland Financial reports 2021 executive compensation
By ExecPay News
Published: March 3, 2022
Lakeland Financial reported fiscal year 2021 executive compensation information on March 3, 2022.
In 2021, five executives at Lakeland Financial received on average a compensation package of $1M, a 16% increase compared to previous year.
Average pay of disclosed executives at Lakeland Financial
David M. Findlay, Chief Executive Officer, received $1.9M in total, which increased by 16% compared to 2020. 47% of Findlay's compensation, or $906K, was in stock awards. Findlay also received $349K in non-equity incentive plan, $638K in salary, as well as $27K in other compensation.
For fiscal year 2021, the median employee pay was $50,198 at Lakeland Financial. Therefore, the ratio of David M. Findlay's pay to the median employee pay was 38 to one.
Eric H. Ottinger, Executive Vice President, Chief Commercial Banking Officer, received a compensation package of $870K, which increased by 14% compared to previous year. 42% of the compensation package, or $368K, was in stock awards.
Kristin L. Pruitt, Chief Administrative Officer, earned $863K in 2021, a 17% increase compared to previous year.
Lisa M. O'Neill, Chief Financial Officer, received $762K in 2021, which increases by 20% compared to 2020.
Michael E. Gavin, Executive Vice President, Chief Credit Officer, earned $700K in 2021, a 13% increase compared to previous year.
Related executives
David Findlay
Lakeland Financial
Chief Executive Officer
Lisa O'Neill
Lakeland Financial
Chief Financial Officer
Eric Ottinger
Lakeland Financial
Executive Vice President, Chief Commercial Banking Officer
Kristin Pruitt
Lakeland Financial
Chief Administrative Officer
Michael Gavin
Lakeland Financial
Executive Vice President, Chief Credit Officer
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Source: SEC filing on March 3, 2022.