Sundar PichaiSundar Pichai earned $164M in 2023
F

Tony C. McKim

Ex-CEO of First Bancorp

Education

University of Maine in Orono

Field of Expertise

Finance & Banking - Banking

Born

January 1, 1965 - 60 years ago

Economy Sector

Financial Services

Tenure

8 years 3 months (Jan 2015 - Apr 2023)

Previous Experience

Joined the Company as Executive Vice President, Chief Operating Officer in 2005; previously President and CEO of FNB Bankshares.

Tony C. McKim, born in 1965, is the President and CEO of First Bancorp, Inc. He has been with the company since January 2005 after the merger with FNB Bankshares, where he was the CEO. He graduated from the University...

Year

2023

Total Compensation

$395.00K

Salary

$300.00K

Board Justification

The compensation philosophy aims to align CEO compensation with company performance, peer benchmarking, and retention strategies to ensure long-term success.

Bonus

$50.00K

Board Justification

The bonus is based on the company's performance metrics including net income and return on equity for the fiscal year 2023.

Other

$20.00K

Board Justification

Other compensation includes retirement contributions and health benefits paid in 2023.

Restricted Stock

$25.00K(1K RSU)

Board Justification

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

Performance Metrics

Performance metrics include financial targets such as earnings per share growth and operational efficiency.