In 2019, William (Brad) Kessel earned $969.81K in total compensation at Independent Bank Corporation, including $495.00K salary, $286.78K bonus and $119.98K in stock. Most recently acquired 6,511 shares in Feb 2024. Currently holds stock worth $5.18M. Has donated $271.35K in stock to charitable causes. Led Independent Bank Corporation as CEO for 6 years.
Compensation History
Annual executive compensation data for William (Brad) Kessel, including salary, bonuses, and stock awards.
Year
2019
Total Compensation
$969.81K
Salary
$495.00K
Bonus
$286.78K
Other
$68.04K
Salary
$495.00KBoard Justification
The compensation committee believes in a balanced approach to executive compensation that aligns with company performance and market benchmarks.
Bonus
$286.78KBoard Justification
Cash bonuses paid under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2019.
Other Compensation
$68.04KBoard Justification
Includes contributions to the ESOP, matching contributions to defined contribution plans, personal use of company vehicles, dividends on restricted stock, and club dues.
Restricted Stock
Board Justification
Shares of restricted stock granted in 2019 that cliff vest after three years.
Performance Metrics
Performance metrics for 2019 included earnings per share, organic deposit growth, efficiency ratio, and non-performing assets to total assets.
William (Brad) Kessel
Ex-CEO of Independent Bank Corporation
Education
Not specified
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1962 - 63 years ago
CEO of Independent Bank Corporation for
6 years 11 months (Jan 2013 - Dec 2019)
Previous Experience
President and Chief Operating Officer of Independent Bank Corporation.
Other Independent Bank Corporation CEOs
Holdings
Track William (Brad) Kessel's stock holdings and portfolio value over time.
Total Stock Sold
$194.53K
$194.53K
10,835 IBCP shares
What if they kept their stock?
If William (Brad) Kessel didn't sell their stock, today they would have:
Extra IBCP10,835 shares worth $362.97K.
This is 86.59% and $168.45K more than what they got when they sold the stock.
Charitable Transactions
8,100 shares
IBCP
Recent Charitable Transactions
1,000 shares
IBCP
Dec 11, 2023
Charity
1,000 shares
IBCP
Dec 20, 2022
Charity
1,000 shares
IBCP
Dec 14, 2021
Charity
1,100 shares
IBCP
Dec 4, 2020
Charity
2,000 shares
IBCP
Dec 5, 2019
Charity
2,000 shares
IBCP
May 1, 2017
Charity
Insider Trading
William (Brad) Kessel's recent stock transactions, purchases, and sales filed with the SEC.
6,511 shares
IBCP
Feb 6, 2024
Received
1,000 shares
IBCP
Dec 11, 2023
Charity
6,431 shares
IBCP
Feb 6, 2023
Received
1,000 shares
IBCP
Dec 20, 2022
Charity
5,088 shares
IBCP
Jan 25, 2022
Received
1,000 shares
IBCP
Dec 14, 2021
Charity
6,525 shares
IBCP
Jan 26, 2021
Received
1,100 shares
IBCP
Dec 4, 2020
Charity
$3.00K
IBCP at $15.00/share
Mar 12, 2020
Purchase
5,551 shares
IBCP
Jan 21, 2020
Received
Rivals
Compare William (Brad) Kessel with competitor CEOs and industry peers.
Kevin S. Kim
CEO of Hope Bancorp
2023 Compensation
Stock
$700.98K
Salary
$1.05M
Bonus
$1.05K
Other
$60.71K
Total Holdings
$1.27M
Christopher J. McComish
CEO of S&T Bancorp
2023 Compensation
Stock
$150.00K
Salary
$350.00K
Bonus
$70.00K
Other
$20.00K
Total Holdings
$200.99K
Mark K. Hardwick
CEO of First Merchants Corporation
2023 Compensation
Stock
$611.04K
Salary
$728.00K
Bonus
$369.81K
Other
$78.87K
Total Holdings
$128.45K
H. Palmer Proctor, Jr.
CEO of Ameris Bancorp
2023 Compensation
Stock
$1.90M
Salary
$925.00K
Bonus
$1.44M
Other
$98.20K
Total Holdings
$1.46M