Alan W. Dakey has been leading Mid Penn Bancorp, Inc. since 2008. During his time as CEO, he has focused on the bank's performance in terms of Earnings per Share (EPS) growth and Core Deposit Growth. Interestingly, his compensation in...

Alan W. Dakey has been leading Mid Penn Bancorp, Inc. since 2008. During his time as CEO, he has focused on the bank's performance in terms of Earnings per Share (EPS) growth and Core Deposit Growth. Interestingly, his compensation in 2008 was $235,341, comprised mainly of his salary, as Mid Penn Bancorp doesn’t offer stock options or equity plans for its executives. Most of his compensation came from other benefits like retirement plan contributions and life insurance premiums rather than performance bonuses. This setup reflects his company's conservative approach to executive compensation, which aligns well with the performance philosophy aiming to attract talent while maintaining market standards. Notably, Dakey worked tirelessly to give the bank a stable footing during challenging economic times, emphasizing growth and resilience. He does not have publicly listed educational credentials or other job experiences mentioned, making his direct impact at Mid Penn Bancorp even more striking, as it shows his commitment solely to this institution.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Mid Penn Bancorp CEOs

M

Alan W. Dakey

Ex-CEO of Mid Penn Bancorp

Sector of Economy

Financial Services

CEO of Mid Penn Bancorp for

0 years 0 months (Oct 2008 - Oct 2008)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Alan W. Dakey

S

Travis Jaggers

CEO of Stellar Bancorp

2023 Compensation

Stock

$71.29K

Salary

$745.00K

Bonus

$92.61K

Other

$28.71K

Total Holdings

$352.34K

F

Van A. Dukeman

CEO of First Busey Corporation

2023 Compensation

Stock

$0.00

Salary

$725.00K

Bonus

$561.88K

Other

$51.10K

Total Holdings

$9.87M

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

P

Anthony Labozzetta

CEO of Provident Financial Services

2023 Compensation

Stock

$61.82K

Salary

$818.27K

Bonus

$309.38K

Other

$121.55K

Total Holdings

$8.84M

Holdings

See how much did Alan W. Dakey make over time.

As of now, there are no detailed insider trades mentioned for Alan W. Dakey, indicating a cautious approach to investments or sharing detailed information about his personal holdings. While specific fluctuations in his stock holdings aren't noted, it's clear that...

As of now, there are no detailed insider trades mentioned for Alan W. Dakey, indicating a cautious approach to investments or sharing detailed information about his personal holdings. While specific fluctuations in his stock holdings aren't noted, it's clear that he remains primarily focused on his role at Mid Penn Bancorp. His wealth does not appear heavily tied to stock performance, which aligns with the bank's strategy of not granting stock options to executives. This decision not only reflects his hands-on management style but also a strategic choice to prioritize the management of the bank without the distraction of fluctuating stock values making it a stable, if not flashy, investment environment. This indicates a long-term vision for the company that prioritizes stability over immediate personal financial gain.

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Insider Trading

See recent insider trades of Alan W. Dakey.

No insider trades found for this CEO.

Compensation History

See how much did Alan W. Dakey make over time.

Alan W. Dakey's total compensation in 2008 stood at $235,341. His salary was $185,646, which was the bulk of his pay. The bank operated without stock grants or options for its executives, resulting in no additional stock awards or bonuses for that year. Instead, he received ‘other’ compensation amounting to $45,292, which covered contributions to the Mid Penn Bank Retirement Plan and life insurance premiums. This approach underscores the bank's effort to maintain a compensation plan that is straightforward and aligned with its performance goals. The philosophy behind these compensation packages looks to attract and hold onto qualified executives, making sure their pay reflects the overall performance of the bank while also matching market standards.

Year

2008

Total Compensation

$230.94K

Salary

$185.65K

Board Justification

The compensation philosophy is designed to attract and retain qualified executives while aligning their compensation with the performance of the bank and market standards.

Bonus

$0.00

Board Justification

No bonus was awarded for 2008 as the bank created a formulized bonus plan that was not applicable to Mr. Dakey's compensation.

Other

$45.29K

Board Justification

Other compensation includes contributions to the Mid Penn Bank Retirement Plan, Employee Stock Ownership Plan, life insurance premiums, and severance payments.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2008 as the corporation does not maintain any equity compensation plans or stock options for executives or board members.

Performance Metrics

The performance metrics for determining compensation include the bank's performance compared to its peers, particularly in terms of Earnings per Share (EPS) growth and Core Deposit Growth.

Other Mid Penn Bancorp CEOs

Here are other CEOs of Mid Penn Bancorp

David E. Sparks

Ex-CEO of Mid Penn Bancorp

July 2018 - January 2024