Timberland Bancorp CEO Michael Sand's 2022 pay rises 8% to $741K
Timberland Bancorp reports 2022 executive compensation
By ExecPay News
Published: December 16, 2022
Timberland Bancorp reported fiscal year 2022 executive compensation information on December 16, 2022.
In 2022, three executives at Timberland Bancorp received on average a compensation package of $481K, a 6% increase compared to previous year.
Average pay of disclosed executives at Timberland Bancorp
Michael R. Sand, Chief Executive Officer, received $741K in total, which increased by 8% compared to 2021. 70% of Sand's compensation, or $519K, was in salary. Sand also received $166K in bonus, $34K in option awards, as well as $21K in other compensation.
Dean J. Brydon, Chief Financial Officer, received a compensation package of $352K, which increased by 4% compared to previous year. 69% of the compensation package, or $243K, was in salary.
Robert A. Drugge, Executive Vice President of Lending of Timberland and Timberland Bank, earned $351K in 2022, a 4% increase compared to previous year.
Timberland Bancorp's fiscal year ends on September 30.
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Source: SEC filing on December 16, 2022.