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.
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.