Riverview Bancorp CEO Kevin Lycklama's 2023 pay slips 3% to $922K
Riverview Bancorp reports 2023 executive compensation
By ExecPay News
Published: July 21, 2023
Riverview Bancorp reported fiscal year 2023 executive compensation information on July 21, 2023.
In 2023, three executives at Riverview Bancorp received on average a compensation package of $578K, a 1% decrease compared to previous year.
Average pay of disclosed executives at Riverview Bancorp
Kevin J. Lycklama, Chief Executive Officer, received $922K in total, which decreased by 3% compared to 2022. 44% of Lycklama's compensation, or $402K, was in salary. Lycklama also received $61 of change in pension value and nonqualified deferred compensation earnings, $246K in non-equity incentive plan, $217K in stock awards, as well as $57K in other compensation.
Daniel D. Cox, Executive Vice President and Chief Credit Officer, received a compensation package of $409K. 59% of the compensation package, or $241K, was in salary.
David Lam, Chief Financial Officer, earned $404K in 2023, a 7% decrease compared to previous year.
Riverview Bancorp's fiscal year ends on March 31.
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Source: SEC filing on July 21, 2023.