Sundar PichaiSundar Pichai earned $164M in 2023
I

William (Brad) Kessel

Ex-CEO of Independent Bank Corporation

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1962 - 63 years ago

Economy Sector

Financial Services

Tenure

6 years 11 months (Jan 2013 - Dec 2019)

Previous Experience

President and Chief Operating Officer of Independent Bank Corporation.

William (Brad) Kessel is the President and CEO of Independent Bank Corporation, a position he has held since January 1, 2013. He joined the company in 1994 and has worked his way up through various roles including Chief Operating Officer...

Year

2019

Total Compensation

$969.81K

Salary

$495.00K

Board Justification

The compensation committee believes in a balanced approach to executive compensation that aligns with company performance and market benchmarks.

Bonus

$286.78K

Board Justification

Cash bonuses paid under the terms of the Company's Management Incentive Compensation Plan for the annual period ended December 31, 2019.

Other

$68.04K

Board Justification

Includes contributions to the ESOP, matching contributions to defined contribution plans, personal use of company vehicles, dividends on restricted stock, and club dues.

Restricted Stock

$119.98K(5.34K Restricted Stock)

Board Justification

Shares of restricted stock granted in 2019 that cliff vest after three years.

Performance Metrics

Performance metrics for 2019 included earnings per share, organic deposit growth, efficiency ratio, and non-performing assets to total assets.