In 2007, John J. Davis earned $1.86M in total compensation at Center Bancorp, primarily from $240.40K salary. Led Center Bancorp as CEO for 25 years.
Compensation History
Annual executive compensation data for John J. Davis, including salary, bonuses, and stock awards.
Year
2007
Total Compensation
$1.86M
Salary
$240.40K
Bonus
$0.00
Other
$1.62M
Salary
$240.40KBoard Justification
The compensation philosophy aims to attract and retain key executives while aligning compensation with performance and market benchmarks.
Bonus
$0.00Board Justification
No incentive bonuses were paid under the Annual Incentive Plan (AIP) in 2007 due to financial results not meeting projected levels.
Other Compensation
$1.62MBoard Justification
Includes severance payment of $1,575,995 due to termination of employment, along with other benefits and contributions.
Restricted Stock
Board Justification
No stock awards were granted or vested in 2007.
Performance Metrics
Performance goals for the AIP were based solely on the performance of Center Bancorp and its subsidiaries.
John J. Davis
Ex-CEO of Center Bancorp
Education
Not specified
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1943 - 82 years ago
CEO of Center Bancorp for
25 years 7 months (Jan 1982 - Aug 2007)
Previous Experience
President and Chief Executive Officer of Center Bancorp, Inc. and Union Center National Bank
Other Center Bancorp CEOs
Holdings
Track John J. Davis's stock holdings and portfolio value over time.
Insider Trading
John J. Davis's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
Compare John J. Davis with competitor CEOs and industry peers.
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$0.00
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2023 Compensation
Stock
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Salary
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Bonus
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$98.20K
Total Holdings
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