Sundar PichaiSundar Pichai earned $164M in 2023

Jean R. Hale has been a significant figure at Community Trust Bancorp, where she has worked for over 40 years. Starting her career in 1969, she has held various important roles, including Chairman, President, and Chief Executive Officer since 1999....

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Jean R. Hale

Ex-CEO of Community Trust Bancorp

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

April 1, 1954 - 71 years ago

CEO of Community Trust Bancorp for

14 years 10 months (Mar 2007 - Feb 2022)

Previous Experience

Long serving Chairman, President and Chief Executive Officer of the Company.

Holdings

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As of her retirement announcement, Jean R. Hale held approximately 223,623 shares of Community Trust Bancorp, accounting for about 1.4% of its total shares. Throughout her career, she consistently grew her holdings, reflecting both her commitment to the company and...

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Insider Trading

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Compensation History

See how much did Jean R. Hale make over time.

In 2022, Jean R. Hale's total compensation reached approximately $1,083,896. Her salary was $80,769, but the bulk came from her annual bonus of $825,000 based on performance metrics. She also had vested stock worth around $160,989, reflecting a strong payoff for her leadership role and the bank's performance. This approach, tying her compensation to the company's financial results, underscores the bank's focus on rewarding effective management. In previous years, her compensation has shown an upward trend, indicating not just her personal success but also the bank's growth under her guidance. Overall, her pay structure aligns with the broader compensation philosophy at CTBI, prioritizing performance-linked incentives to foster company growth.

Year

2022

Total Compensation

$1.08M

Salary

$80.77K

Board Justification

The compensation philosophy aims to align executive pay with company performance, attract and retain qualified management, and maintain competitive compensation levels.

Bonus

$825.00K

Board Justification

Annual cash incentive payments based on performance metrics achieved in 2022, paid in January 2023.

Other

$17.14K

Board Justification

Includes contributions to ESOP, 401(k), life insurance premiums, and dividends received on restricted stock.

Restricted Stock

$160.99K(3.54K Restricted Stock)

Board Justification

Restricted stock granted as a result of achieving the required level of performance under the 2021 Senior Management Incentive Compensation Plan, vesting ratably over four years.

Performance Metrics

The performance metrics include earnings per share (EPS) and return on average assets (ROAA) for determining the annual cash incentive.

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