Sundar PichaiSundar Pichai earned $164M in 2023
F

Daniel R. Daigneault

Ex-CEO of First Bancorp

Education

Not specified

Field of Expertise

Finance & Banking - Banking

Born

January 1, 1950 - 75 years ago

Economy Sector

Financial Services

Tenure

20 years 10 months (Mar 1994 - Jan 2015)

Previous Experience

Joined the Bank in March 1994; longest-serving CEO in the Bank's history.

Daniel R. Daigneault served as the CEO of The First Bancorp, Inc. from 1994 until his retirement in 2015. He holds the record for the longest-serving CEO in the bank's 150-year history. Under his leadership, the bank saw substantial growth,...

Year

2015

Total Compensation

$1.89M

Salary

$375.00K

Board Justification

The compensation philosophy aims to align executive compensation with company performance, market competitiveness, and retention strategies, targeting base pay above the market median and providing incentives for achieving both short-term and long-term goals.

Bonus

$150.00K

Board Justification

Short-term incentive based on performance metrics including net income, return on average equity, efficiency ratio, completion of strategic plan, and discretionary factors for the year 2015.

Other

$15.61K

Board Justification

Includes 401(k) matching contributions, profit-sharing contributions, and economic value of life insurance.

Restricted Stock

$1.35M(75K RSU)

Board Justification

Stock awards granted based on 2014 performance, awarded on January 28, 2016, with a vesting period of five years.

Performance Metrics

Performance metrics for 2015 included net income, return on average equity, efficiency ratio, completion of strategic plan, and discretionary factors.