Seacoast Banking Corp. of Florida CEO Dennis Hudson's 2019 pay slips 12% to $1.3M

Seacoast Banking Corp. of Florida reports 2019 executive compensation

By ExecPay News

Published: April 10, 2020

Seacoast Banking Corp. of Florida reported fiscal year 2019 executive compensation information on April 10, 2020.

In 2019, five executives at Seacoast Banking Corp. of Florida received on average a compensation package of $776K, a 16% decrease compared to previous year.

Average pay of disclosed executives at Seacoast Banking Corp. of Florida

Dennis S. Hudson, III, Chief Executive Officer, received $1.3M in total, which decreased by 12% compared to 2018. 52% of Hudson's compensation, or $700K, was in stock awards. Hudson also received $600K in salary and $33K in other compensation.

For fiscal year 2019, the median employee pay was $69,884 at Seacoast Banking Corp. of Florida. Therefore, the ratio of Dennis S. Hudson, III's pay to the median employee pay was 19 to one.

Charles M. Shaffer, Chief Financial Officer, received a compensation package of $845K, which decreased by 10% compared to previous year. 50% of the compensation package, or $422K, was in salary.

Juliette P. Kleffel, EVP, Community Banking Central Florida Market President of Bank, earned $611K in 2019, a 13% decrease compared to previous year.

Charles K. Cross, Jr, EVP, South Florida Market President of Bank, received $603K in 2019, which decreases by 24% compared to 2018.

David D. Houdeshell, EVP & Chief Credit Officer of Seacoast and Bank, earned $487K in 2019, a 27% decrease compared to previous year.