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...

Number of Employees

1.19K

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.

SEC Filing

From March 15, 2023