Timberland Bancorp CEO Michael Sand's 2020 pay jumps 36% to $685K
Timberland Bancorp reports 2020 executive compensation
By ExecPay News
Published: December 17, 2020
Timberland Bancorp reported fiscal year 2020 executive compensation information on December 17, 2020.
In 2020, three executives at Timberland Bancorp received on average a compensation package of $439K, a 19% increase compared to previous year.
Average pay of disclosed executives at Timberland Bancorp
Michael R. Sand, Chief Executive Officer, received $685K in total, which increased by 36% compared to 2019. 60% of Sand's compensation, or $410K, was in salary. Sand also received $240K in bonus, $13K in option awards, as well as $22K in other compensation.
Dean J. Brydon, Chief Financial Officer, received a compensation package of $317K, which increased by 5% compared to previous year. 71% of the compensation package, or $225K, was in salary.
Robert A. Drugge, Executive Vice President of Lending of Timberland and Timberland Bank, earned $316K in 2020, a 5% increase compared to previous year.
Timberland Bancorp's fiscal year ends on September 30.
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Source: SEC filing on December 17, 2020.