1st Constitution Bancorp CEO Robert Mangano's 2018 pay rises 4% to $1.5M
1st Constitution Bancorp reports 2018 executive compensation
By ExecPay News
Published: April 18, 2019
1st Constitution Bancorp reported fiscal year 2018 executive compensation information on April 18, 2019.
In 2018, three executives at 1st Constitution Bancorp received on average a compensation package of $819K, a 5% increase compared to previous year.
Average pay of disclosed executives at 1st Constitution Bancorp
Robert F. Mangano, Chief Executive Officer, received $1.5M in total, which increased by 4% compared to 2017. 43% of Mangano's compensation, or $660K, was in salary. Mangano also received $475K in bonus, $329K in stock awards, as well as $77K in other compensation.
For fiscal year 2018, the median employee pay was $56,359 at 1st Constitution Bancorp. Therefore, the ratio of Robert F. Mangano's pay to the median employee pay was 27 to one.
John T. Andreacio, Executive Vice President and Chief Lending and Credit Officer, received a compensation package of $572K, which increased by 7% compared to previous year. 59% of the compensation package, or $340K, was in salary.
Stephen J. Gilhooly, Chief Financial Officer, earned $344K in 2018, a 9% increase compared to previous year.
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Source: SEC filing on April 18, 2019.