In 2009, Craig G. Litchfield earned $411.37K in total compensation at Citizens & Northern, including $348.00K salary and $7.98K in stock.
Compensation History
Annual executive compensation data for Craig G. Litchfield, including salary, bonuses, and stock awards.
Year
2009
Total Compensation
$411.37K
Salary
$348.00K
Bonus
$0.00
Other
$55.39K
Salary
$348.00KBoard Justification
We believe that the compensation program for executives should directly support the achievement of specific annual, longer-term and strategic goals of the business, and, thereby, align the interests of executives with the interests of our shareholders.
Bonus
$0.00Board Justification
There were no bonuses paid in 2009.
Other Compensation
$55.39KBoard Justification
Amounts shown as “All Other Compensation” include Employer Contributions to the Employee Stock Ownership Plan, Employer Contributions to the 401(k), Employer Contributions to the Supplemental Executive Retirement Plan (SERP), Dollar Value of Insurance Premium paid for Group Term Life Insurance, Commissions for Insurance and Brokerage Sales and Other Personal Benefits.
Restricted Stock
Board Justification
The amount shown in the “Stock Awards” column for 2009 equals the value of restricted stock award determined based on as the average of the high and low stock price on the grant date.
Performance Metrics
Corporate performance was measured based on return on average equity and core earnings growth, as defined, over the prior year’s level.
Craig G. Litchfield
Ex-CEO of Citizens & Northern
Sector of Economy
Financial Services
CEO of Citizens & Northern for
0 years 11 months (Jan 2009 - Dec 2009)
Previous Experience
Unknown
Other Citizens & Northern CEOs
Holdings
Track Craig G. Litchfield's stock holdings and portfolio value over time.
Insider Trading
Craig G. Litchfield's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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