In 2005, William E. Elliott earned $252.94K in total compensation at Plumas Bancorp, including $171.14K salary and $75.50K bonus.
Compensation History
Annual executive compensation data for William E. Elliott, including salary, bonuses, and stock awards.
Year
2005
Total Compensation
$252.94K
Salary
$171.14K
Bonus
$75.50K
Other
$6.30K
Salary
$171.14KBoard Justification
The Compensation Committee believes that executive officer compensation should be closely aligned with the performance of Plumas Bancorp on a short-term and long-term basis, and that such compensation should be structured to assist the Company in attracting and retaining key executives critical to its long-term success.
Bonus
$75.50KBoard Justification
In 2005, Messrs. Elliott could earn a percentage of their base salary based on the achievement of specific goals tied to (1) return on equity; (2) growth in earnings; and, (3) individual performance goals. Each goal is also assigned a range of target levels. At year-end, the target level achieved for each performance measure is combined to arrive at the final bonus compensation award. The maximum Messrs. Elliott could earn under this bonus compensation formula is 60% of their base salary.
Other Compensation
$6.30KBoard Justification
This amount represents the Company’s contribution under Plumas Bank’s 401(k) Plan.
Restricted Stock
Board Justification
N/A
Performance Metrics
(1) return on equity; (2) growth in earnings; and, (3) individual performance goals.
William E. Elliott
Ex-CEO of Plumas Bancorp
Sector of Economy
Financial Services
CEO of Plumas Bancorp for
0 years 6 months (Mar 2005 - Oct 2005)
Previous Experience
Unknown
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Holdings
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Insider Trading
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No insider trades found for this CEO.
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