Mid Penn Bancorp CEO Rory Ritrievi's 2018 pay jumps 33% to $665K
Mid Penn Bancorp reports 2018 executive compensation
By ExecPay News
Published: April 1, 2019
Mid Penn Bancorp reported fiscal year 2018 executive compensation information on April 1, 2019.
In 2018, five executives at Mid Penn Bancorp received on average a compensation package of $391K, a 32% increase compared to previous year.
Average pay of disclosed executives at Mid Penn Bancorp
- Salary
- Stock
- Non-Equity Incentive
- Bonus
- Change in Pension Value & NQDC
- Other
Rory G. Ritrievi, Chief Executive Officer, received $665K in total, which increased by 33% compared to 2017. 68% of Ritrievi's compensation, or $450K, was in salary. Ritrievi also received $32K of change in pension value and nonqualified deferred compensation earnings, $90K in non-equity incentive plan, $67K in stock awards, as well as $26K in other compensation.
For fiscal year 2018, the median employee pay was $41,642 at Mid Penn Bancorp. Therefore, the ratio of Rory G. Ritrievi's pay to the median employee pay was 16 to one.
Michael D. Peduzzi, Chief Financial Officer, received a compensation package of $363K, which increased by 43% compared to previous year. 72% of the compensation package, or $260K, was in salary.
Justin T. Webb, Chief Operating Officer, earned $340K in 2018, a 39% increase compared to previous year.
Scott W. Micklewright, Senior Executive VP Chief Revenue Officer of the Bank, received $334K in 2018, which increases by 36% compared to 2017.
Joseph L. Paese, Executive VP & Director of Trust and Wealth Management of the Bank, earned $254K in 2018, a 5% increase compared to previous year.
Related executives
Rory Ritrievi
Mid Penn Bancorp
Chief Executive Officer
Michael Peduzzi
Mid Penn Bancorp
Chief Financial Officer
Justin Webb
Mid Penn Bancorp
Chief Operating Officer
Scott Micklewright
Mid Penn Bancorp
Senior Executive VP Chief Revenue Officer of the Bank
Joseph Paese
Mid Penn Bancorp
Executive VP & Director of Trust and Wealth Management of the Bank
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Source: SEC filing on April 1, 2019.