Sundar PichaiSundar Pichai earned $164M in 2023

Joseph R. Dively is the CEO of First Mid Bancshares, Inc., having taken the role in 2013 after serving as Senior Executive Vice President and President of the bank since 2011. Dively started his career in telecommunications before moving into...

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Joseph R. Dively

CEO of First Mid Bancshares, Inc.

Field of Expertise

Business & Management

Sector of Economy

Financial Services

CEO of First Mid Bancshares, Inc. for

5 years 3 months (Dec 2019 - Present)

Previous Experience

Unknown

Holdings

See how much did Joseph R. Dively make over time.

Joseph R. Dively has a substantial stake in First Mid Bancshares, Inc. stock, which reflects his commitment to the company's growth. His holdings have seen considerable fluctuations over the years. For instance, his stock value tied to performance-based awards has...

Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Joseph R. Dively make over time.

In 2022, Joseph R. Dively's total compensation reached around $1,128,377, featuring a base salary of $517,164. His annual bonus of $562,588 was based on performance metrics like net income exceeding targets and asset quality, demonstrating how closely his payouts are tied to company performance. Alongside this, he received $220,091 in stock awards, which vested based on achieving specific financial goals. His approach to compensation emphasizes a strong alignment between executive pay and company performance, promoting a culture of accountability and growth within the organization. This philosophy has resulted in increasing compensation over the years, which peaked in 2022, reflecting positive growth and the board's satisfaction with Dively's leadership. With each year, he has consistently secured a substantial bonus that showcases his effectiveness in steering the company towards success.

Year

2022

Total Compensation

$1.34M

Salary

$517.16K

Board Justification

The company aims to align executive compensation with performance metrics that drive shareholder value, while also considering market competitiveness and individual performance.

Bonus

$562.59K

Board Justification

The bonus was based on performance metrics including net income compared to budgeted net income, asset quality, and efficiency ratio for the year 2022.

Other

$44.53K

Board Justification

Other compensation includes contributions to the 401(k) plan, country club dues, automobile allowances, and communication device allowances.

Restricted Stock

$220.09K(6.93K Restricted Stock)

Board Justification

The stock that vested in 2022 was based on performance conditions met for the year, with shares vesting on December 15, 2022.

Performance Metrics

The performance metrics for determining the CEO's compensation included net income compared to budgeted net income, asset quality, efficiency ratio, and lines of business net income.