In 2022, Joseph B. Bower, Jr. earned $1.53M in total compensation at CNB Financial, including $678.00K salary, $325.24K bonus and $261.01K in stock. Most recently acquired 6,324 shares in Feb 2022. Currently holds stock worth $3.93M. Has donated $3.32K in stock to charitable causes. Led CNB Financial as CEO for 12 years.
Compensation History
Annual executive compensation data for Joseph B. Bower, Jr., including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$1.53M
Salary
$678.00K
Bonus
$325.24K
Other
$265.62K
Salary
$678.00KBoard Justification
The compensation philosophy aims to attract, retain, and motivate key executives while aligning their interests with those of shareholders through performance-based pay.
Bonus
$325.24KBoard Justification
Annual cash incentive payments made under the Corporation’s Non-Equity Incentive Plan based on performance metrics including fully-diluted EPS, commercial loan revenues, and efficiency ratio.
Other Compensation
$265.62KBoard Justification
Includes severance payment, health insurance benefits, and other compensations upon retirement.
Restricted Stock
Board Justification
Time-based restricted stock awards that vested upon retirement on December 31, 2022, totaling 9,772 shares.
Performance Metrics
Key performance metrics included fully-diluted EPS, commercial loan revenues, efficiency ratio, and wealth management fees.
Joseph B. Bower, Jr.
Ex-CEO of CNB Financial
Education
Bachelor of Science degree in Accounting from The Pennsylvania State University
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1966 - 59 years ago
CEO of CNB Financial for
12 years 11 months (Jan 2010 - Dec 2022)
Previous Experience
Senior Vice President and Chief Operating Officer of the Bank
Other CNB Financial CEOs
Holdings
Track Joseph B. Bower, Jr.'s stock holdings and portfolio value over time.
Charitable Transactions
125 shares
CCNE
Recent Charitable Transactions
25 shares
CCNE
Dec 12, 2011
Charity
100 shares
CCNE
Dec 21, 2010
Charity
Insider Trading
Joseph B. Bower, Jr.'s recent stock transactions, purchases, and sales filed with the SEC.
$168.91K
CCNE at $26.71/share
Feb 15, 2022
Received
$261.01K
CCNE at $26.71/share
Feb 1, 2022
Received
$118.61K
CCNE at $21.03/share
Feb 24, 2021
Received
$136.19K
CCNE at $21.03/share
Feb 11, 2021
Received
$28.26K
CCNE at $14.13/share
May 15, 2020
Purchase
$14.10K
CCNE at $20.14/share
Mar 10, 2020
Purchase
Rivals
Compare Joseph B. Bower, Jr. with competitor CEOs and industry peers.
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2023 Compensation
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$611.04K
Salary
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Bonus
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Other
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$128.45K
Patrick S. Barrett
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$0.00
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Bonus
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Salary
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Bonus
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$60.65K
Total Holdings
$108.42K
Gavin A. Mohr
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2023 Compensation
Stock
$65.89K
Salary
$302.00K
Bonus
$70.15K
Other
$45.98K
Total Holdings
$60.38K
Jeffrey M. Schweitzer
CEO of Univest Financial Corporation
2022 Compensation
Stock
$0.00
Salary
$806.00K
Bonus
$250.57K
Other
$26.25K
Total Holdings
$127.87K