Joseph M. Murphy was the CEO of Bar Harbor Bankshares from November 2012 until his retirement in August 2013. With a solid background in finance and a degree in Business Administration, he led the company through important financial strategies aimed...

Joseph M. Murphy was the CEO of Bar Harbor Bankshares from November 2012 until his retirement in August 2013. With a solid background in finance and a degree in Business Administration, he led the company through important financial strategies aimed at aligning executive performance with shareholder interests. During his last full year in the role, he earned a compensation of approximately $494,299 in 2012, which included a significant bonus based on the company’s good performance. Notably, while he did not receive any new stock options during his final year, he had previously vested in a Supplemental Executive Retirement Plan, ensuring a strong financial safety net for his future. His leadership was a key part of the bank's strategy to motivate and retain talent, which is crucial in the competitive banking sector of New England. Murphy's tenure highlighted how a CEO's earnings and retirement plans can source from a mix of base pay, performance-based incentives, and a vision fostered in a local banking environment.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Bar Harbor Bankshares CEOs

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Joseph M. Murphy

Ex-CEO of Bar Harbor Bankshares

Education

Bachelor's degree in Business Administration

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

Born

December 15, 1948 - 76 years ago

CEO of Bar Harbor Bankshares for

0 years 8 months (Nov 2012 - Aug 2013)

Previous Experience

Over 35 years of banking experience at the executive level with community banks in Connecticut (Centerbank), Delaware (WSFS Bank) and Maine (BHBT).

Rivals

Competitors/colleagues of Joseph M. Murphy

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Michael E. Daniels

Founder and CEO of Nicolet Bankshares

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$20.00K

Total Holdings

$35.81M

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

P

David L. Trautman

CEO of Park National

2023 Compensation

Stock

$552.75K

Salary

$750.00K

Bonus

$364.00K

Other

$103.40K

Total Holdings

$12.21M

F

Gary R. Mills

CEO of First Community Bankshares

2020 Compensation

Stock

$155.97K

Salary

$567.00K

Bonus

$265.78K

Other

$81.92K

Total Holdings

$1.58M

Holdings

See how much did Joseph M. Murphy make over time.

Throughout his time at Bar Harbor Bankshares, Joseph M. Murphy had a stake in the company that reflected his commitment. By 2012, he had accumulated stock awards that reflected the bank's good performance that year, where he received a bonus...

Throughout his time at Bar Harbor Bankshares, Joseph M. Murphy had a stake in the company that reflected his commitment. By 2012, he had accumulated stock awards that reflected the bank's good performance that year, where he received a bonus on his base salary. Murphy’s ability to align his interests with those of shareholders was a significant part of his approach. He participated in employee programs that included competitive compensation tied to performance metrics. After his retirement, his holdings have transformed, representing a different wealth phase. His earlier wealth heavily relied on the shares of Bar Harbor, especially during his tenure when he was actively involved in company decisions and strategic directions. Although exact figures from recent years were not highlighted, they indicate a transition from an active executive to a retiree with a planned portfolio stemming from years of service.

Mar 11, 2025

B

shares

BHB @ $29.58

Total Stock Sold

$355.57K

BHB

$355.57K

41,356.5 BHB shares

What if they kept their stock?

If Joseph M. Murphy didn't sell their stock, today they would have:
Extra BHB41,356.5 shares worth $791.15K.
This is 122.5% and $435.58K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Joseph M. Murphy.

BHB

265 shares

BHB

Nov 19, 2014

Received

BHB

279 shares

BHB

May 15, 2012

Received

BHB

279 shares

BHB

May 15, 2012

Received

BHB

$80.25K

BHB at $16.05/share

Aug 26, 2011

Purchase

BHB

$8.65K

BHB at $29.23/share

Aug 26, 2011

Sale

BHB

$95.99K

BHB at $29.64/share

Aug 18, 2011

Sale

BHB

$144.45K

BHB at $16.05/share

Aug 17, 2011

Purchase

BHB

$5.81K

BHB at $29.03/share

Aug 3, 2011

Sale

BHB

$19.43K

BHB at $28.57/share

Jun 21, 2011

Sale

BHB

$18.30K

BHB at $28.51/share

Jun 10, 2011

Sale

Compensation History

See how much did Joseph M. Murphy make over time.

Joseph M. Murphy's compensation package as CEO of Bar Harbor Bankshares showcases the complexities of executive pay structure in the banking sector. In 2013, his total compensation was around $480,181, primarily composed of a base salary of $240,444. Unlike typical structures, he did not receive a bonus that year since it was noted that he retired mid-year. The previous year, however, he earned nearly $494,299, which included a substantial performance-based bonus. Murphy's compensation reflects a carefully crafted plan aimed not only at rewarding performance but also at ensuring alignment with shareholder interests. This balance is critical in the finance sector, particularly in attracting and retaining the right talent to drive long-term growth. Murphy's salary and benefits demonstrate a blend of base pay and retirement planning to cover life beyond his executive role, connecting his past achievements with future security.

Year

2013

Total Compensation

$277.86K

Salary

$240.44K

Board Justification

The compensation philosophy aims to attract, retain, and motivate executives through competitive compensation packages aligned with company performance and shareholder interests.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2013 as per the compensation structure.

Other

$37.41K

Board Justification

Includes various forms of compensation such as 401(k) contributions, life insurance, and director fees received after retirement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2013 as Mr. Murphy retired on August 9, 2013 and no stock grants were made during his tenure in 2013.

Performance Metrics

The compensation is tied to the company's financial performance, including net income and other operational metrics.

Other Bar Harbor Bankshares CEOs

Here are other CEOs of Bar Harbor Bankshares

Curtis C. Simard

CEO of Bar Harbor Bankshares

August 2013 - Present