In 2015, Daniel R. Daigneault earned $1.89M in total compensation at First Bancorp, including $375.00K salary, $150.00K bonus and $1.35M in stock. Most recently sold 5,000 shares in Oct 2014. Currently holds stock worth $3.65M. Has donated $337.88K in stock to charitable causes. Led First Bancorp as CEO for 20 years.
Compensation History
Annual executive compensation data for Daniel R. Daigneault, including salary, bonuses, and stock awards.
Year
2015
Total Compensation
$1.89M
Salary
$375.00K
Bonus
$150.00K
Other
$15.61K
Salary
$375.00KBoard 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
$150.00KBoard 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 Compensation
$15.61KBoard Justification
Includes 401(k) matching contributions, profit-sharing contributions, and economic value of life insurance.
Restricted Stock
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.
Daniel R. Daigneault
Ex-CEO of First Bancorp
Education
Not specified
Field of Expertise
Finance & Banking - Banking
Sector of Economy
Financial Services
Born
January 1, 1950 - 75 years ago
CEO of First Bancorp for
20 years 10 months (Mar 1994 - Jan 2015)
Previous Experience
Joined the Bank in March 1994; longest-serving CEO in the Bank's history.
Other First Bancorp CEOs
Holdings
Track Daniel R. Daigneault's stock holdings and portfolio value over time.
Total Stock Sold
$424.28K
$424.28K
24,986.379 FNLC shares
What if they kept their stock?
If Daniel R. Daigneault didn't sell their stock, today they would have:
Extra FNLC24,986.379 shares worth $686.38K.
This is 61.77% and $262.10K more than what they got when they sold the stock.
Charitable Transactions
12,300 shares
FNLC
Recent Charitable Transactions
300 shares
FNLC
Jul 28, 2014
Charity
12,000 shares
FNLC
Dec 31, 2011
Charity
Insider Trading
Daniel R. Daigneault's recent stock transactions, purchases, and sales filed with the SEC.
$88.54K
FNLC at $17.71/share
Oct 31, 2014
Sale
$6.41
FNLC at $16.91/share
Sep 11, 2014
Sale
3,444 shares
FNLC
Sep 11, 2014
Inheritance
$14.78K
FNLC at $16.50/share
Aug 11, 2014
Sale
$34.76K
FNLC at $16.52/share
Aug 7, 2014
Sale
$82.50K
FNLC at $16.50/share
Jul 28, 2014
Sale
300 shares
FNLC
Jul 28, 2014
Charity
7,635 shares
FNLC
Feb 10, 2014
Received
$114.22K
FNLC at $16.87/share
Nov 20, 2013
Sale
$43.61K
FNLC at $16.86/share
Nov 12, 2013
Sale
Rivals
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