Gary M. Small is the President and CEO of Premier Financial Corp., having taken the reins on April 1, 2021, following a planned leadership transition. He previously served as President and CEO of United Community Financial Corp., demonstrating a strong...

Gary M. Small is the President and CEO of Premier Financial Corp., having taken the reins on April 1, 2021, following a planned leadership transition. He previously served as President and CEO of United Community Financial Corp., demonstrating a strong background in banking leadership. In 2023, he earned a total compensation of approximately $1.1 million, which includes a salary of $617,077 and a performance-based bonus of $119,340. His approach to compensation aligns with the company's philosophy of incentivizing performance to match shareholder interests. Gary has been active in insider trading, with notable transactions in 2021 and 2022, peaking at trades valued over $2.30 million. Under his leadership, Premier has focused on growth and efficiency, achieving performance metrics that align with key banking goals. Gary believes in transparency and aligning management incentives with long-term company performance, which has earned him recognition as a significant player in the banking sector. His leadership style reflects strategic thinking and a commitment to fostering growth in a competitive environment.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Premier Financial Corp. CEOs

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Gary M. Small

CEO of Premier Financial Corp.

Education

Not specified

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

Born

January 1, 1960 - 65 years ago

CEO of Premier Financial Corp. for

4 years 0 months (Apr 2021 - Present)

Previous Experience

President and Chief Executive Officer of United Community Financial Corp.

Rivals

Competitors/colleagues of Gary M. Small

Holdings

See how much did Gary M. Small make over time.

Gary M. Small has shown significant engagement with Premier Financial Corp. through various insider trading activities. In 2021, his holdings peaked, with trading values reaching as high as $2.30 million. Since then, there has been a fluctuation in his trading...

Gary M. Small has shown significant engagement with Premier Financial Corp. through various insider trading activities. In 2021, his holdings peaked, with trading values reaching as high as $2.30 million. Since then, there has been a fluctuation in his trading activities, with values dropping to around $1.09 million in May 2023, indicating a responsive approach to market conditions. His connection to the company is not just salary-based; he also holds a considerable portion of his wealth in the company’s stock, reflecting his confidence in Premier's future performance.

Insider Trading

See recent insider trades of Gary M. Small.

PFC

5,185 shares

PFC

Mar 11, 2024

Received

PFC

4,119 shares

PFC

Feb 14, 2024

Received

PFC

4,139 shares

PFC

Mar 2, 2023

Received

PFC

8,501 shares

PFC

Feb 14, 2023

Received

PFC

22,550 shares

PFC

Apr 1, 2021

Received

STBA

$50.00K

STBA at $18.16/share

Jan 28, 2013

Received

Compensation History

See how much did Gary M. Small make over time.

Gary M. Small's compensation reflects both a solid base and performance incentives, totaling about $1.1 million in 2023. His salary stood at $617,077, with additional earnings coming from a performance bonus of $119,340, which was based on successfully hit metrics for the company. He received restricted stock awards as part of his compensation package, which adds a strong alignment with shareholder interests. In 2022, Gary's overall compensation reached about $1.64 million, demonstrating a strong performance prior to his current year. His compensation plan focuses on aligning the executive's results with the company's success, promoting effective strategies for growth and efficiency in a competitive banking landscape.

Year

2023

Total Compensation

$899.62K

Salary

$617.08K

Board Justification

The compensation philosophy emphasizes performance-based pay to align executive interests with shareholder value, ensuring competitive compensation to attract and retain talent.

Bonus

$119.34K

Board Justification

The bonus is based on the achievement of individual performance goals and corporate performance goals, resulting in a payout of 90% for Mr. Small.

Other

$61.72K

Board Justification

Other compensation includes 401(k) match, life insurance premiums, and other personal benefits.

Restricted Stock

$101.49K(4.14K RSU)

Board Justification

The vested stock consists of restricted stock awards that were granted in previous years and vested in 2023.

Performance Metrics

Performance metrics include net income, efficiency ratio, average loan growth, and average deposit growth.

Other Premier Financial Corp. CEOs

Here are other CEOs of Premier Financial Corp.

Donald P. Hileman

Ex-CEO of Premier Financial Corp.

January 2014 - April 2021