Peoples Bancorp of North Carolina CEO Lance Sellers' 2018 pay rises 11% to $517K
Peoples Bancorp of North Carolina reports 2018 executive compensation
By ExecPay News
Published: March 25, 2019
Peoples Bancorp of North Carolina reported fiscal year 2018 executive compensation information on March 25, 2019.
In 2018, three executives at Peoples Bancorp of North Carolina received on average a compensation package of $414K, a 8% increase compared to previous year.
Average pay of disclosed executives at Peoples Bancorp of North Carolina
Lance A. Sellers, Chief Executive Officer, received $517K in total, which increased by 11% compared to 2017. 64% of Sellers' compensation, or $329K, was in salary. Sellers also received $90K in bonus, $68K of change in pension value and nonqualified deferred compensation earnings, as well as $30K in other compensation.
For fiscal year 2018, the median employee pay was $45,051 at Peoples Bancorp of North Carolina. Therefore, the ratio of Lance A. Sellers' pay to the median employee pay was 11 to one.
A. Joseph Lampron, Jr, Chief Financial Officer, received a compensation package of $408K, which increased by 6% compared to previous year. 51% of the compensation package, or $210K, was in salary.
William D. Cable, Sr, Chief Operating Officer, earned $317K in 2018, a 4% increase compared to previous year.
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Source: SEC filing on March 25, 2019.