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Anthony C. Weagley is the President and CEO of Center Bancorp Inc., a role he took on in 2007. With over 30 years of banking experience, he started his journey at Midlantic National Bank before joining Center Bancorp in 1998...

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Anthony C. Weagley

Ex-CEO of Center Bancorp

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1964 - 61 years ago

CEO of Center Bancorp for

6 years 10 months (Aug 2007 - Jul 2014)

Previous Experience

Chief Financial Officer of Center Bancorp, Inc. and Union Center National Bank

Holdings

See how much did Anthony C. Weagley make over time.

As CEO of Center Bancorp, Weagley's stock holdings have fluctuated, reflecting market trends and company performance. At his peak, he had substantial stock options indicating confidence in the company’s growth. His vested stocks have seen values in the tens of...

Insider Trading

See recent insider trades of Anthony C. Weagley.

No insider trades found for this CEO.

Compensation History

See how much did Anthony C. Weagley make over time.

Anthony Weagley’s compensation package reflects the challenges and changes in leadership at Center Bancorp. In 2014, he earned a total of $2,875,852, greatly influenced by significant severance and non-compete payments totaling nearly $2.5 million. His salary has seen variations over the years, starting at around $225,000 in earlier years to over $418,300 later on, with performance bonuses rarely awarded during tough company times. The compensation strategy is clear—linking pay to performance, especially noticeable in years when no bonuses were given due to unmet goals. His employment agreements included annual salary reviews, specific stock bonuses, and terms that protect the company’s interests during transitions. Overall, Weagley’s compensation story is about navigating a complex financial landscape while maintaining incentive structures linked to performance.

Year

2014

Total Compensation

$553.26K

Salary

$418.30K

Board Justification

The compensation philosophy emphasizes pay-for-performance and aligns executive compensation with company performance and shareholder interests.

Bonus

$0.00

Board Justification

No annual incentive plan participation in 2014 due to the pending Merger.

Other

$134.96K

Board Justification

Includes severance payment of $1,679,790 and a payment under the non-compete agreement of $836,500.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2014 as there were no grants made during that year.

Performance Metrics

Performance metrics included assessment of executive team performance on a comprehensive and qualitative basis considering performance prior to and following the Merger.