Village Bank & Trust Financial CEO James Hendricks' 2021 pay jumps 33% to $636K
Village Bank & Trust Financial reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
Village Bank & Trust Financial reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, three executives at Village Bank & Trust Financial received on average a compensation package of $523K, a 11% increase compared to previous year.
Average pay of disclosed executives at Village Bank & Trust Financial
James E. Hendricks, Jr, Chief Executive Officer, received $636K in total, which increased by 33% compared to 2020. 48% of Hendricks' compensation, or $304K, was in salary. Hendricks also received $20K in bonus, $45K of change in pension value and nonqualified deferred compensation earnings, $150K in non-equity incentive plan, $94K in stock awards, as well as $23K in other compensation.
James C. Winn, Chief Executive Officer, received a compensation package of $580K, which decreased by 4% compared to previous year. 66% of the compensation package, or $385K, was in non-equity incentive plan.
Max C. Morehead, Jr, Executive Vice President Commercial Banking, earned $355K in 2021, a 7% increase compared to previous year.
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Source: SEC filing on April 14, 2022.