COLONY BANKCORP INC
For the period ended May 16, 2024. Filed Apr 11, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 16, 2024 · Filed Apr 11, 2024
Contents
Summary Compensation Table
The table below summarizes the total compensation paid or earned by cash of the named executive officers for the fiscal years ended December 31, 2023 and 2022.
| Name and Principal Position · Year · Salary · Bonus(1) · Stock Awards(2) · All Other Compensation · Total | |||||||
|---|---|---|---|---|---|---|---|
| T. Heath Fountain | 2023 | $485,000 | $58,200 | $28,260 | $52,175 | (3) | $623,635 |
| Chief Executive Officer | 2022 | 485,000 | 109,125 | 45,630 | 52,818 | 692,573 | |
| Roy D. Copeland, Jr. | 2023 | 350,000 | 28,000 | 42,390 | 35,195 | (4) | 455,585 |
| President | 2022 | 256,667 | 36,750 | 119,490 | 19,051 | 431,958 | |
| Leonard Bateman, Jr. | 2023 | 230,000 | 18,400 | 14,130 | 33,566 | (5) | 296,096 |
| Executive Vice President | |||||||
(1)Discretionary cash bonus paid in current year based on Company performance in prior year.
(2)Reflects the aggregate grant date fair value computed in accordance with FASB ASC Topic 718 of restricted stock awards granted in the applicable year based on the stock price per share on the date of grant.
(3)Includes $996 attributable as the aggregate incremental cost company-owned car, $391 for Company-paid life insurance premiums, $3,136 for interest paid on deferred bonus, $4,800 for social club dues, $18,000 for director fees, $3,855 for dividends on restricted stock, $4,452 for Company-paid disability insurance and $16,545 for 401(k) match.
(4)Includes $12,000 vehicle allowance, $1,032 for Company-paid life insurance premiums, $653 for interest paid on deferred bonus, $1,003 for dividends on restricted stock, $3,468 for Company-paid disability insurance and $17,039 for 401(k) match.
(5)Includes $12,000 car allowance, $552 for Company-paid life insurance premiums, $1,107 for interest paid on deferred bonus, $2,299 for dividends on restricted stock, $2,296 for Company-paid disability insurance and $15,312 for 401(k) match.
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