In 2022, Michael Peduzzi earned $927.55K in total compensation at CNB Financial, including $623.00K salary, $209.95K bonus and $22.27K in stock. Most recently acquired 600 shares in Jul 2024. Currently holds stock worth $1.77M. 2+ years at the helm of CNB Financial.
Compensation History
Annual executive compensation data for Michael Peduzzi, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$927.55K
Salary
$623.00K
Bonus
$209.95K
Other
$72.33K
Salary
$623.00KBoard Justification
The compensation philosophy aims to attract, retain, and motivate key executives while aligning their interests with those of shareholders through performance-based incentives.
Bonus
$209.95KBoard Justification
Annual cash incentive based on performance metrics including fully-diluted EPS and commercial loan revenues, paid in February 2023 for the 2022 performance year.
Other Compensation
$72.33KBoard Justification
Includes profit sharing, 401(k) match, and other benefits such as auto benefits and club dues.
Restricted Stock
Board Justification
Time-based restricted stock that vested in 2022, part of the long-term incentive program.
Performance Metrics
Key performance metrics include fully-diluted EPS, commercial loan revenues, and efficiency ratio.
Michael Peduzzi
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
2 years 11 months (Dec 2022 - Present)
Previous Experience
Senior Vice President and Chief Financial Officer of Mid Penn Bancorp, Inc.
Other CNB Financial CEOs
Holdings
Track Michael Peduzzi's stock holdings and portfolio value over time.
Insider Trading
Michael Peduzzi's recent stock transactions, purchases, and sales filed with the SEC.
$16.10K
CCNE at $26.84/share
Jul 24, 2024
Purchase
$8.39K
CCNE at $20.97/share
Feb 16, 2024
Purchase
$149.99K
CCNE at $19.94/share
Feb 13, 2024
Received
$9.14K
CCNE at $18.28/share
Nov 1, 2023
Purchase
$5.88K
CCNE at $19.59/share
Jul 31, 2023
Purchase
$100.00K
CCNE at $17.85/share
Aug 1, 2023
Purchase
$1.22M
CCNE at $217.85/share
Jun 27, 2023
Received
$18.05K
CCNE at $18.05/share
Apr 20, 2023
Purchase
$41.98K
CCNE at $20.99/share
Mar 10, 2023
Purchase
$31.97K
CCNE at $23.30/share
Jan 25, 2023
Purchase
Rivals
Compare Michael Peduzzi with competitor CEOs and industry peers.
Mark K. Hardwick
CEO of First Merchants Corporation
2023 Compensation
Stock
$611.04K
Salary
$728.00K
Bonus
$369.81K
Other
$78.87K
Total Holdings
$128.45K
Patrick S. Barrett
CEO of OceanFirst Financial
2023 Compensation
Stock
$0.00
Salary
$450.00K
Bonus
$285.12K
Other
$65.33K
Total Holdings
$29.82K
Drake Mills
CEO of Origin Bancorp
2023 Compensation
Stock
$360.50K
Salary
$835.80K
Bonus
$408.16K
Other
$60.65K
Total Holdings
$108.42K
Gavin A. Mohr
CEO of Independent Bank Corporation
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