Rory G. Ritrievi served as the CEO of Mid Penn Bancorp from October 2008 until October 2011. His time at the bank coincided with a tough economic climate, impacting the compensation structure significantly. For instance, in 2011, his total compensation...

Rory G. Ritrievi served as the CEO of Mid Penn Bancorp from October 2008 until October 2011. His time at the bank coincided with a tough economic climate, impacting the compensation structure significantly. For instance, in 2011, his total compensation was $292,568, with a salary of $283,462 but no bonuses or stock options awarded. This reflects the economic challenges the company faced during those years. Interestingly, Rory was at the helm during a period when executive pay was a hot topic, particularly with no bonuses being given in 2010 and 2009 due to economic constraints. His compensation structure was aimed at being fair while motivating performance. Before Mid Penn, there is no public record of his previous roles, making his profile somewhat limited. Still, his leadership during a critical time for the bank is noteworthy.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Mid Penn Bancorp CEOs

M

Rory G. Ritrievi

Ex-CEO of Mid Penn Bancorp

Sector of Economy

Financial Services

CEO of Mid Penn Bancorp for

3 years 0 months (Oct 2008 - Oct 2011)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Rory G. Ritrievi

S

Travis Jaggers

CEO of Stellar Bancorp

2023 Compensation

Stock

$71.29K

Salary

$745.00K

Bonus

$92.61K

Other

$28.71K

Total Holdings

$352.34K

F

Van A. Dukeman

CEO of First Busey Corporation

2023 Compensation

Stock

$0.00

Salary

$725.00K

Bonus

$561.88K

Other

$51.10K

Total Holdings

$9.87M

P

Anthony Labozzetta

CEO of Provident Financial Services

2023 Compensation

Stock

$61.82K

Salary

$818.27K

Bonus

$309.38K

Other

$121.55K

Total Holdings

$8.84M

U

Jeffrey M. Schweitzer

CEO of Univest Financial Corporation

2022 Compensation

Stock

$0.00

Salary

$806.00K

Bonus

$250.57K

Other

$26.25K

Total Holdings

$2.56M

Holdings

See how much did Rory G. Ritrievi make over time.

Rory's financial decisions and holdings during his tenure at Mid Penn Bancorp indicate a cautious approach, very much in line with the economic climate. Given the limited information on stock holdings, it's clear that he did not benefit from any...

Rory's financial decisions and holdings during his tenure at Mid Penn Bancorp indicate a cautious approach, very much in line with the economic climate. Given the limited information on stock holdings, it's clear that he did not benefit from any stock grants or options during his time as CEO. The compensation reports from 2009 to 2011 show that Rory received a salary but no stock awards or bonuses from the company, which is indicative of a conservative compensation program in response to the economic challenges the bank was facing. This means that Rory’s financial wealth wasn’t tied up in company stock during his leadership, which could suggest a strategy to minimize risk during uncertain times.

Mar 17, 2025

M

shares

MPB @ $25.90

Insider Trading

See recent insider trades of Rory G. Ritrievi.

MPB

$91.62K

MPB at $30.04/share

Jan 27, 2025

Purchase

MPB

$14.75K

MPB at $29.50/share

Nov 1, 2024

Purchase

MPB

9,981 shares

MPB

Apr 1, 2024

Received

MPB

$2.03K

MPB at $21.61/share

Nov 20, 2023

Purchase

MPB

$9.70K

MPB at $19.40/share

May 11, 2023

Purchase

MPB

15,619 shares

MPB

Apr 1, 2023

Received

MPB

8,494 shares

MPB

Apr 1, 2022

Received

MPB

7,030 shares

MPB

Jun 1, 2021

Received

MPB

$25.00K

MPB at $25.00/share

Apr 30, 2021

Purchase

MPB

3,809 shares

MPB

Sep 1, 2020

Received

Compensation History

See how much did Rory G. Ritrievi make over time.

During his time as CEO from 2008 to 2011, Rory G. Ritrievi’s compensation varied but remained relatively steady. In 2009, he earned $224,718, which grew to $271,355 in 2010, and reached $292,568 in 2011. Notably, his compensation was entirely salary-based without bonuses or stock options, as the company faced significant economic pressure. In 2010, the decision was made not to award any bonuses due to unfavorable economic conditions. This pattern was consistent through 2009 where he also did not earn any bonuses or stock awards. Overall, these figures reflect a compensation strategy that matched the company’s performance and the economic environment, focusing on retaining competent leadership without excessive payouts.

Year

2011

Total Compensation

$292.57K

Salary

$283.46K

Board Justification

The compensation philosophy aims to attract and retain competent executives while aligning compensation with company performance and market standards.

Bonus

$0.00

Board Justification

No bonus was awarded in 2011.

Other

$9.11K

Board Justification

Includes 401(k) match, life insurance, and personal use of company vehicle.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2011.

Performance Metrics

Compensation is based on performance metrics including financial results and individual contributions.

Other Mid Penn Bancorp CEOs

Here are other CEOs of Mid Penn Bancorp

David E. Sparks

Ex-CEO of Mid Penn Bancorp

July 2018 - January 2024