The three top executive officers of Investors Title Inc. each received total compensation boosts of around 40 percent in 2016, according to a filing with the Securities and Exchange Commission.

Chief Executive J. Allen Fine received $1.2 million in total compensation for the year, an increase of 38.0 percent from 2015. Fine’s base salary was $367,000 in 2016, compared to $353,000 in 2015.

Meanwhile, President and Chief Financial Officer James A. Fine Jr. saw his compensation rise 40.0 percent in 2016 to $1.1 million.

W. Morris Fine, the company’s executive vice president and secretary, made $1.1 million for the year as well, an increase of 39.1 percent from the previous year. Each had an annual base salary of $312,000 – up about 4 percent from their salary a year ago.

The increased compensations were due primarily to a jump in the executives’ annual bonuses. All three executives saw their annual bonus increase by $300,000 in 2016, for a total of $750,000 each.

In February, Investors Title announced record fourth-quarter revenue and earnings of $38.8 million and $5.1 million, respectively.

The company attributed the growth to increases in both real estate values and transaction volumes from an increased level of home sales and refinancing.

Investors Title will hold its annual shareholder meeting at Chapel Hill’s Siena Hotel on Wednesday, May 17.

Shareholders will vote to elect three directors and to ratify the appointment of Charlotte-based Dixon Hughes Goodman LLP as the company’s public accounting firm for 2017.

As of Monday afternoon, shares of Investors Title are priced at $158.70, down 10 cents.

The filing can be found here.