In 2008, Alan W. Dakey earned $230.94K in total compensation at Mid Penn Bancorp, primarily from $185.65K salary.
Compensation History
Annual executive compensation data for Alan W. Dakey, including salary, bonuses, and stock awards.
Year
2008
Total Compensation
$230.94K
Salary
$185.65K
Bonus
$0.00
Other
$45.29K
Salary
$185.65KBoard 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
$0.00Board 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 Compensation
$45.29KBoard Justification
Other compensation includes contributions to the Mid Penn Bank Retirement Plan, Employee Stock Ownership Plan, life insurance premiums, and severance payments.
Restricted Stock
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.
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
Other Mid Penn Bancorp CEOs
Holdings
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Insider Trading
Alan W. Dakey's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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