MidWest One Financial Group CEO Charles Funk's 2019 pay jumps 23% to $952K
MidWest One Financial Group reports 2019 executive compensation
By ExecPay News
Published: March 6, 2020
MidWest One Financial Group reported fiscal year 2019 executive compensation information on March 6, 2020.
In 2019, five executives at MidWest One Financial Group received on average a compensation package of $537K, a 9% increase compared to previous year.
Average pay of disclosed executives at MidWest One Financial Group
Charles N. Funk, Chief Executive Officer, received $952K in total, which increased by 23% compared to 2018. 48% of Funk's compensation, or $460K, was in salary. Funk also received $70K in bonus, $763 of change in pension value and nonqualified deferred compensation earnings, $245K in non-equity incentive plan, $149K in stock awards, as well as $28K in other compensation.
For fiscal year 2019, the median employee pay was $54,385 at MidWest One Financial Group. Therefore, the ratio of Charles N. Funk's pay to the median employee pay was 18 to one.
Barry S. Ray, Chief Financial Officer, received a compensation package of $559K, which increased by 10% compared to previous year. 51% of the compensation package, or $285K, was in salary.
James M. Cantrell, Chief Investment Officer, earned $394K in 2019, a 4% increase compared to previous year.
David E. Lindstrom, Executive Vice President, Retail Banking, received $391K in 2019, which increases by 12% compared to 2018.
Gregory W. Turner, Executive Vice President, Wealth Management & Corporate Communications, earned $391K in 2019.
Related executives
Charles Funk
MidWest One Financial Group
Chief Executive Officer
Barry Ray
MidWest One Financial Group
Chief Financial Officer
James Cantrell
MidWest One Financial Group
Chief Investment Officer
David Lindstrom
MidWest One Financial Group
Executive Vice President, Retail Banking
Gregory Turner
MidWest One Financial Group
Executive Vice President, Wealth Management & Corporate Communications
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Source: SEC filing on March 6, 2020.