Old Point Financial CEO Robert Shuford's 2020 pay rises 2% to $488K
Old Point Financial reports 2020 executive compensation
By ExecPay News
Published: April 15, 2021
Old Point Financial reported fiscal year 2020 executive compensation information on April 15, 2021.
In 2020, six executives at Old Point Financial received on average a compensation package of $296K, a 15% decrease compared to previous year.
Average pay of disclosed executives at Old Point Financial
Robert F. Shuford, Jr, Chief Executive Officer, received $488K in total, which increased by 2% compared to 2019. 73% of Shuford's compensation, or $358K, was in salary. Shuford also received $50K in bonus, $28K in stock awards, as well as $52K in other compensation.
Joseph R. Witt, EVP/Financial Services, received a compensation package of $448K, which increased by 11% compared to previous year. 72% of the compensation package, or $321K, was in salary.
Thomas Hotchkiss, CCO, earned $289K in 2020.
Elizabeth T. Beale, Chief Financial Officer, received $262K in 2020, which increases by 21% compared to 2019.
Eugene M. Jordan, II, Chief Executive Officer, earned $231K in 2020, a 11% decrease compared to previous year.
Robert F. Shuford, Sr, Chief Executive Officer, received $62K in 2020, which decreases by 84% compared to 2019.
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Source: SEC filing on April 15, 2021.