Peoples Bancorp of North Carolina CEO Lance Sellers' 2019 pay rises 7% to $552K
Peoples Bancorp of North Carolina reports 2019 executive compensation
By ExecPay News
Published: March 25, 2020
Peoples Bancorp of North Carolina reported fiscal year 2019 executive compensation information on March 25, 2020.
In 2019, three executives at Peoples Bancorp of North Carolina received on average a compensation package of $449K, 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 $552K in total, which increased by 7% compared to 2018. 61% of Sellers' compensation, or $337K, was in salary. Sellers also received $115K in bonus, $74K of change in pension value and nonqualified deferred compensation earnings, as well as $26K in other compensation.
For fiscal year 2019, the median employee pay was $43,950 at Peoples Bancorp of North Carolina. Therefore, the ratio of Lance A. Sellers' pay to the median employee pay was 13 to one.
A. Joseph Lampron, Jr, Chief Financial Officer, received a compensation package of $417K, which increased by 2% compared to previous year. 52% of the compensation package, or $216K, was in salary.
William D. Cable, Sr, Chief Operating Officer, earned $378K in 2019, a 19% increase compared to previous year.
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Source: SEC filing on March 25, 2020.