David E. Sparks is the CEO of Mid Penn Bancorp, Inc. since July 2018. He navigated through ups and downs in his compensation, notably earning $1,702,023 in 2023, a significant increase driven by salary, cash bonuses, and vested stock worth...
David E. Sparks is the CEO of Mid Penn Bancorp, Inc. since July 2018. He navigated through ups and downs in his compensation, notably earning $1,702,023 in 2023, a significant increase driven by salary, cash bonuses, and vested stock worth $148,815. One interesting point is that Sparks received no bonuses or stock grants in 2022, but his consulting fees in earlier years like 2020 amounted to $180,000, showing a shift in his earning dynamic over time. Notably, he served as a non-employee consultant before stepping into his role as CEO, emphasizing a strong background in advisory roles. This experience may have laid the groundwork for his leadership in the bank, displaying a strategic approach aligned with shareholder interests and business goals. Mid Penn Bancorp is more than just a bank; it’s an intricate system where Sparks plays a key role in steering performance metrics like return on average assets and loan growth, which reflect his expertise in financial management. His leadership during a transformative period helps set the stage for future growth and challenges for Mid Penn.