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

Related executives

Dennis Hudson

Seacoast Banking Corp. of Florida

Chief Executive Officer

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

EVP, Chief Banking Officer

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Source: SEC filing on April 9, 2021.