Sundar PichaiSundar Pichai earned $164M in 2023
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Gary R. Mills

CEO of First Community Bankshares

Economy Sector

Financial Services

Current Tenure

8 years 6 months (Aug 2016 - Present)

Previous Experience

Unknown

Gary R. Mills has been serving as the CEO of First Community Bankshares since 2013. He started his career at the bank in 1998 and climbed the ranks by demonstrating his skills in credit and management. Under his leadership, the...

Year

2020

Total Compensation

$1.07M

Salary

$567.00K

Board Justification

The overall objective of the executive compensation program is to align the long-term interests of our named executive officers and other executives as closely as possible with those of shareholders and to motivate high performing executives to continue with the Corporation for long, productive careers.

Bonus

$265.78K

Board Justification

Annual incentive awards earned are paid to named executive officers in the form of cash bonuses (75%) and grants of Corporation stock (25%), subject to a two year restriction period. Awards are based on certain evaluation criteria, including Corporation performance compared to strategic objectives as measured by incentive compensation scorecards, and the overall financial and strategic performance of the Corporation.

Other

$81.92K

Board Justification

Includes retirement plan contributions, life insurance, and other perquisites such as automobile allowance.

Restricted Stock

$155.97K(7.19K restricted stock)

Board Justification

Shares acquired upon the vesting of restricted stock awards and the value realized at such time, before the payment of any applicable withholding tax and brokerage commissions.

Performance Metrics

Annual incentive awards are based on certain evaluation criteria, including Corporation performance compared to strategic objectives as measured by incentive compensation scorecards, and the overall financial and strategic performance of the Corporation.