Robert V. New, Jr. was the President and CEO of F.N.B. Corporation from April 2008 until his resignation in February 2009. He joined the board of directors in January 2008, leading the company through a challenging period in the financial...

Number of Employees

4.23K

Year

2009

Total Compensation

$670.52K

Salary

$87.58K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and competitive benchmarks in the financial services industry.

Bonus

$0.00

Board Justification

Mr. New was not entitled to any bonus payments as he resigned before the annual incentive compensation was calculated.

Other

$582.94K

Board Justification

This amount includes severance payments and other benefits provided upon resignation.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. New did not receive any stock awards during 2009 as he resigned before any could be granted.

Performance Metrics

The performance metrics for determining compensation were based on the company's overall performance relative to set financial goals.

SEC Filing

From March 26, 2010