1st Constitution Bancorp CEO Robert Mangano's 2020 pay rises 12% to $1.8M
1st Constitution Bancorp reports 2020 executive compensation
By ExecPay News
Published: April 22, 2021
1st Constitution Bancorp reported fiscal year 2020 executive compensation information on April 22, 2021.
In 2020, three executives at 1st Constitution Bancorp received on average a compensation package of $935K, a 9% increase compared to previous year.
Average pay of disclosed executives at 1st Constitution Bancorp
Robert F. Mangano, Chief Executive Officer, received $1.8M in total, which increased by 12% compared to 2019. 40% of Mangano's compensation, or $700K, was in salary. Mangano also received $500K in non-equity incentive plan, $480K in stock awards, as well as $84K in other compensation.
For fiscal year 2020, the median employee pay was $62,840 at 1st Constitution Bancorp. Therefore, the ratio of Robert F. Mangano's pay to the median employee pay was 28 to one.
John T. Andreacio, Executive Vice President and Chief Lending and Credit Officer, received a compensation package of $637K, which increased by 4% compared to previous year. 57% of the compensation package, or $365K, was in salary.
Stephen J. Gilhooly, Chief Financial Officer, earned $404K in 2020, a 7% increase compared to previous year.
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Source: SEC filing on April 22, 2021.