1st Constitution Bancorp CEO Robert Mangano's 2019 pay rises 2% to $1.6M
1st Constitution Bancorp reports 2019 executive compensation
By ExecPay News
Published: April 16, 2020
1st Constitution Bancorp reported fiscal year 2019 executive compensation information on April 16, 2020.
In 2019, three executives at 1st Constitution Bancorp received on average a compensation package of $856K, a 4% increase compared to previous year.
Average pay of disclosed executives at 1st Constitution Bancorp
Robert F. Mangano, Chief Executive Officer, received $1.6M in total, which increased by 2% compared to 2018. 43% of Mangano's compensation, or $685K, was in salary. Mangano also received $500K in bonus, $310K in stock awards, as well as $81K in other compensation.
For fiscal year 2019, the median employee pay was $59,649 at 1st Constitution Bancorp. Therefore, the ratio of Robert F. Mangano's pay to the median employee pay was 26 to one.
John T. Andreacio, Executive Vice President and Chief Lending and Credit Officer, received a compensation package of $613K, which increased by 7% compared to previous year. 57% of the compensation package, or $350K, was in salary.
Stephen J. Gilhooly, Chief Financial Officer, earned $378K in 2019, a 10% increase compared to previous year.
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Source: SEC filing on April 16, 2020.