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...

Number of Employees

499

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.

SEC Filing

From April 15, 2015