Mercantile Bank CEO Gerald Johnson receives $544K in 2006
Mercantile Bank reports 2006 executive compensation
By ExecPay News
Published: March 14, 2007
Mercantile Bank reported fiscal year 2006 executive compensation information on March 14, 2007.
In 2006, four executives at Mercantile Bank received on average a compensation package of $400K.
Average pay of disclosed executives at Mercantile Bank
Gerald R. Johnson, Jr, Chief Executive Officer, received $544K in total. 85% of Johnson's compensation, or $465K, was in salary. Johnson also received $1.5K of change in pension value and nonqualified deferred compensation earnings, $48K in option awards, $1.7K in stock awards, as well as $28K in other compensation.
Michael H. Price, Chief Executive Officer, received a compensation package of $487K. 83% of the compensation package, or $402K, was in salary.
Robert B. Kaminski, Jr, Chief Operating Officer, earned $305K in 2006.
Charles E. Christmas, Chief Financial Officer, received $265K in 2006.
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Source: SEC filing on March 14, 2007.