Sundar PichaiSundar Pichai earned $164M in 2023
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Charles H. Updegraff, Jr.

Ex-CEO of Citizens & Northern

Field of Expertise

Finance & Banking - Finance

Economy Sector

Financial Services

Tenure

4 years 7 months (Jan 2010 - Aug 2014)

Previous Experience

President and Chief Executive Officer of Citizens Bancorp, Inc. and Citizens Trust Company

Charles H. Updegraff, Jr. served as the CEO of Citizens & Northern Corporation from January 2010 until his retirement in August 2014. With a focus on banking, he was instrumental in steering the company through challenging economic times. Updegraff's career...

Year

2014

Total Compensation

$1.04M

Salary

$260.96K

Board Justification

The compensation program is designed to provide competitive compensation aligned with corporate performance and individual contributions, with a focus on long-term success and retention of key executives.

Bonus

$0.00

Board Justification

No annual cash bonus was awarded for 2014 as per the Incentive Award Plan.

Other

$749.02K

Board Justification

Includes severance benefits and other compensation related to retirement and employment termination.

Restricted Stock

$30.43K(1.49K common stock)

Board Justification

Restricted stock awards vested in 2014, based on the market price of the Corporation’s stock at the time of vesting.

Performance Metrics

The performance metrics for determining compensation included corporate performance measures such as return on average equity and individual performance contributions.