Sundar PichaiSundar Pichai earned $164M in 2023

Michael N. Vittorio served as the President and CEO of The First of Long Island Corporation from 2003 until 2019. He started with the company in 2002 as Executive Vice President and quickly climbed the ranks to his current role....

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Michael N. Vittorio

Ex-CEO of First of Long Island Corporation

Education

Bachelor's degree from St. John's University and MBA from Adelphi University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

June 15, 1947 - 77 years ago

CEO of First of Long Island Corporation for

16 years 11 months (Jan 2003 - Dec 2019)

Previous Experience

Executive Vice President at The First National Bank of Long Island

Holdings

See how much did Michael N. Vittorio make over time.

In his tenure as CEO, Michael N. Vittorio exhibited notable trading activities. In 2019, his insider trading peaked at approximately $3.12 million, showing significant fluctuations month on month, which caught attention in the financial world. His holdings reflected a robust...

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Total Stock Sold

$1.98M

FLIC

$1.98M

136,932 FLIC shares

What if they kept their stock?

If Michael N. Vittorio didn't sell their stock, today they would have:
Extra FLIC136,932 shares worth $2.26M.
This is 13.87% and $274.82K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael N. Vittorio.

PEBO

$11.55K

PEBO at $30.00/share

Jun 28, 2024

Received

PEBO

$11.55K

PEBO at $29.61/share

Mar 28, 2024

Received

PEBO

$11.55K

PEBO at $33.76/share

Dec 29, 2023

Received

PEBO

$11.55K

PEBO at $25.38/share

Sep 29, 2023

Received

PEBO

$11.55K

PEBO at $26.55/share

Jun 30, 2023

Received

PEBO

$11.56K

PEBO at $25.75/share

Mar 31, 2023

Received

PEBO

$11.55K

PEBO at $28.25/share

Dec 30, 2022

Received

PEBO

$11.54K

PEBO at $28.93/share

Sep 30, 2022

Received

PEBO

$11.54K

PEBO at $26.60/share

Jun 30, 2022

Received

PEBO

$11.55K

PEBO at $31.31/share

Mar 31, 2022

Received

Compensation History

See how much did Michael N. Vittorio make over time.

Michael N. Vittorio received a total compensation that steadily increased over the years, showcasing his impact on the company. By 2019, his total earnings reached around $1.98 million, composed primarily of a base salary of $688,000 along with significant vested stocks valued at over $1.09 million. Interestingly, there were no reported bonuses during those years, but his compensation structure was designed mainly around performance incentives tied to the bank's financial health. Each year, his compensation included perks and benefits, like a personal use of a business automobile and a country club membership. His approach to compensation reflected a balance of solid salary, performance alignment, and strategic foresight, showing how important he viewed his role in steering company performance and securing shareholder interests.

Year

2019

Total Compensation

$1.84M

Salary

$688.00K

Board Justification

The compensation philosophy is designed to attract and retain talented executives while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$0.00

Board Justification

No bonus was reported for 2019.

Other

$57.53K

Board Justification

Includes perquisites such as personal use of business auto and country club membership.

Restricted Stock

$1.09M(43.51K RSU)

Board Justification

RSUs that vested in 2019 based on performance metrics and time-based vesting.

Performance Metrics

Performance metrics for cash incentives included net income, return on assets (ROA), and bank safety.

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