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...

Current Market Cap

$1.06B

Number of Employees

499

Total Compensation

2009 - 2014

Trending up by 0.00% last year
Showing total compensation for the last 2009 - 2014

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Up by 0.00% last year

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