Security Federal CEO J Verenes' 2018 pay rises 1% to $423K

Security Federal reports 2018 executive compensation

By ExecPay News

Published: March 25, 2019

Security Federal reported fiscal year 2018 executive compensation information on March 25, 2019.
In 2018, three executives at Security Federal received on average a compensation package of $348K, which is about the same as previous year.
Average pay of disclosed executives at Security Federal
J. Chris Verenes, Chief Executive Officer, received $423K in total, which increased by 1% compared to 2017. 74% of Verenes' compensation, or $315K, was in salary. Verenes also received $69K of change in pension value and nonqualified deferred compensation earnings and $39K in other compensation.
Roy G. Lindburg, President of Security Federal and Director of Security Federal and the Bank, received a compensation package of $313K, which decreased by 2% compared to previous year. 78% of the compensation package, or $245K, was in salary.
Richard T. Harmon, President of the Bank and Director of Security Federal and the Bank, earned $308K in 2018, a 1% increase compared to previous year.

Related executives

J Verenes

Security Federal

Chief Executive Officer

Roy Lindburg

Security Federal

President of Security Federal and Director of Security Federal and the Bank

Richard Harmon

Security Federal

President of the Bank and Director of Security Federal and the Bank

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Source: SEC filing on March 25, 2019.