Sundar PichaiSundar Pichai earned $164M in 2023

Mark A. Gooch is the Chief Executive Officer of Community Trust Bancorp (CTBI), having stepped into the role on February 7, 2022, after a long career with the company. He joined CTBI in 1981, meaning he’s got over 40 years...

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Mark A. Gooch

CEO of Community Trust Bancorp

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1960 - 65 years ago

CEO of Community Trust Bancorp for

3 years 1 month (Feb 2022 - Present)

Previous Experience

Served as Executive Vice President/Operations and has held various positions since joining Community Trust Bancorp, Inc.

Holdings

See how much did Mark A. Gooch make over time.

As of now, Mark A. Gooch holds around 70,649 shares in Community Trust Bancorp. His stock interests show a commitment to the company's future. Interestingly, at his peak in 2022, the value of his stock options was significantly higher than...

Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Mark A. Gooch make over time.

In 2023, Mark A. Gooch's compensation totaled $1,170,088. His salary was $655,500, and he also received a cash bonus of $81,398, despite the company's performance missing minimum levels under the incentive plan. He was also granted restricted stock valued at $56,570, demonstrating the ongoing connection between his pay and the company's performance. This compensation shows a comprehensive approach, allowing for a base salary while incentivizing performance through bonuses and stock options, although it fell from $1,591,746 in 2022. His compensation strategy reflects a balance aimed at aligning with company success, which is critical for any firm's growth. In 2024, he is set to have a base salary increase to $685,500, indicating confidence in his leadership moving forward.

Year

2023

Total Compensation

$829.59K

Salary

$655.50K

Board Justification

The compensation philosophy aims to attract, retain, and motivate executives while aligning their pay with company performance and market standards.

Bonus

$81.40K

Board Justification

Discretionary cash incentive payment due to performance not meeting minimum levels under the Senior Management Incentive Compensation Plan for 2023, paid in January 2024.

Other

$36.12K

Board Justification

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

Restricted Stock

$56.57K(1.35K Restricted Stock)

Board Justification

Restricted stock that vested in 2023, with restrictions lapsing ratably over four years.

Performance Metrics

Net Income, Earnings Per Share (EPS), Return on Average Assets (ROAA)

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