Peoples Bancorp of North Carolina President and Chief Executive Lance Sellers' 2023 pay rises 2% to $649K
Peoples Bancorp of North Carolina reports 2023 executive compensation
By ExecPay News
Published: March 27, 2024
Peoples Bancorp of North Carolina reported fiscal year 2023 executive compensation information on March 27, 2024.
In 2023, three executives at Peoples Bancorp of North Carolina received on average a compensation package of $464K, a 3% increase compared to previous year.
Average pay of disclosed executives at Peoples Bancorp of North Carolina
Lance A. Sellers, President and Chief Executive, received $649K in total, which increased by 2% compared to 2022. 55% of Sellers' compensation, or $357K, was in salary. Sellers also received $150K in bonus, $103K of change in pension value and nonqualified deferred compensation earnings, as well as $39K in other compensation.
William D. Cable, Sr, Chief Operating Officer, received a compensation package of $434K, which increased by 14% compared to previous year. 57% of the compensation package, or $248K, was in salary.
Jeffrey Hooper, Chief Financial Officer, earned $307K in 2023, a 9% decrease compared to previous year.
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Source: SEC filing on March 27, 2024.