Seacoast Banking Corp. of Florida CEO Dennis Hudson's 2020 pay jumps 53% to $2M
Seacoast Banking Corp. of Florida reports 2020 executive compensation
By ExecPay News
Published: April 9, 2021
Seacoast Banking Corp. of Florida reported fiscal year 2020 executive compensation information on April 9, 2021.
In 2020, five executives at Seacoast Banking Corp. of Florida received on average a compensation package of $1.2M, a 51% increase compared to previous year.
Dennis S. Hudson, III, Chief Executive Officer, received $2M in total, which increased by 53% compared to 2019. 39% of Hudson's compensation, or $800K, was in stock awards. Hudson also received $600K in bonus, $600K in salary, as well as $34K in other compensation.
For fiscal year 2020, the median employee pay was $61,238 at Seacoast Banking Corp. of Florida. Therefore, the ratio of Dennis S. Hudson, III's pay to the median employee pay was 33 to one.
Charles M. Shaffer, Chief Executive Officer, received a compensation package of $1.4M, which increased by 70% compared to previous year. 42% of the compensation package, or $600K, was in bonus.
Juliette P. Kleffel, EVP, Chief Banking Officer, earned $995K in 2020, a 63% increase compared to previous year.
Joseph M. Forlenza, EVP, Chief Risk Officer, received $747K in 2020.
Tracey L. Dexter, Chief Financial Officer, earned $641K in 2020.
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Dennis Hudson
Seacoast Banking Corp. of Florida
Chairman
Charles Shaffer
Seacoast Banking Corp. of Florida
Chief Executive Officer
Tracey Dexter
Seacoast Banking Corp. of Florida
Chief Financial Officer
Joseph Forlenza
Seacoast Banking Corp. of Florida
EVP, Chief Risk Officer
Juliette Kleffel
Seacoast Banking Corp. of Florida