Seacoast Banking Corp. of Florida CEO Charles Shaffer's 2021 pay jumps 93% to $2.8M

Seacoast Banking Corp. of Florida reports 2021 executive compensation

By ExecPay News

Published: April 11, 2022

Seacoast Banking Corp. of Florida reported fiscal year 2021 executive compensation information on April 11, 2022.

In 2021, five executives at Seacoast Banking Corp. of Florida received on average a compensation package of $1.4M, a 22% increase compared to previous year.

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

Charles M. Shaffer, Chief Executive Officer, received $2.8M in total, which increased by 93% compared to 2020. 52% of Shaffer's compensation, or $1.4M, was in stock awards. Shaffer also received $640K in bonus, $34K of change in pension value and nonqualified deferred compensation earnings, $600K in salary, as well as $48K in other compensation.

For fiscal year 2021, the median employee pay was $61,816 at Seacoast Banking Corp. of Florida. Therefore, the ratio of Charles M. Shaffer's pay to the median employee pay was 45 to one.

Dennis S. Hudson, III, Chairman, received a compensation package of $1.6M, which decreased by 19% compared to previous year. 49% of the compensation package, or $800K, was in stock awards.

Tracey L. Dexter, Chief Financial Officer, earned $981K in 2021, a 53% increase compared to previous year.

Juliette P. Kleffel, EVP, Chief Banking Officer, received $948K in 2021, which decreases by 5% compared to 2020.

Joseph M. Forlenza, EVP, Chief Risk Officer, earned $788K in 2021, a 6% increase compared to previous year.