MidWest One Financial Group CEO Charles Funk's 2020 pay stays at $951K
MidWest One Financial Group reports 2020 executive compensation
By ExecPay News
Published: March 16, 2021
MidWest One Financial Group reported fiscal year 2020 executive compensation information on March 16, 2021.
In 2020, six executives at MidWest One Financial Group received on average a compensation package of $532K, a 1% decrease compared to previous year.
Average pay of disclosed executives at MidWest One Financial Group
Charles N. Funk, Chief Executive Officer, received $951K in total, which is about the same as previous year. 53% of Funk's compensation, or $500K, was in salary. Funk also received $178K in non-equity incentive plan, $250K in stock awards, as well as $23K in other compensation.
For fiscal year 2020, the median employee pay was $55,565 at MidWest One Financial Group. Therefore, the ratio of Charles N. Funk's pay to the median employee pay was 17 to one.
Len D. Devaisher, Chief Operating Officer, received a compensation package of $608K. 29% of the compensation package, or $179K, was in bonus.
Barry S. Ray, Chief Financial Officer, earned $478K in 2020, a 15% decrease compared to previous year.
David E. Lindstrom, Executive Vice President, Retail Banking, received $390K in 2020, which is about the same as previous year.
James M. Cantrell, Chief Investment Officer, earned $384K in 2020, a 3% decrease compared to previous year.
Gary L. Sims, Executive Vice President Chief Credit Officer, received $384K in 2020.
Related executives
Charles Funk
MidWest One Financial Group
Chief Executive Officer
Len Devaisher
MidWest One Financial Group
Chief Operating 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
Gary Sims
MidWest One Financial Group
Executive Vice President Chief Credit Officer
You may also like
Source: SEC filing on March 16, 2021.