William J. Wagner is the former CEO of Northwest Bancshares, Inc. A major player in banking, he has a background that spans his tenure at several institutions, including his time at Western New England Bancorp. Born in 1958, Wagner has...

William J. Wagner is the former CEO of Northwest Bancshares, Inc. A major player in banking, he has a background that spans his tenure at several institutions, including his time at Western New England Bancorp. Born in 1958, Wagner has made significant contributions to the banking industry, demonstrating a strong focus on performance metric-driven management. He had impressive earnings over the years, with a total compensation of approximately $1.28 million in 2019. His pay included a mix of base salary and performance bonuses, illustrating his commitment to aligning personal goals with company growth. One noteworthy aspect of Wagner's career is his transition from CEO to Employee Adviser in 2019, marking a shift in his role while allowing him to share his expertise with senior leadership. Wagner's tenure in the industry has highlighted his savvy in navigating complex corporate environments and his ability to drive strategic growth for the banks he has led.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Northwest Bancshares CEOs

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William J. Wagner

Ex-CEO of Northwest Bancshares

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

Born

January 1, 1958 - 67 years ago

CEO of Northwest Bancshares for

0 years 7 months (Nov 2017 - Jun 2018)

Previous Experience

Chairman, President and Chief Executive Officer at The Delaware County Bank and Trust, Vice Chairman at Huntington National Bank, Executive Vice President and National Head of Business Banking at Bank One/JPMorgan Chase

Rivals

Competitors/colleagues of William J. Wagner

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Curtis J. Myers

CEO of Fulton Financial

2023 Compensation

Stock

$655.98K

Salary

$850.00K

Bonus

$382.50K

Other

$122.18K

Total Holdings

$4.82M

U

Richard M. Adams, Jr.

CEO of United Bankshares

2023 Compensation

Stock

$609.36K

Salary

$1.00M

Bonus

$1.09M

Other

$59.30K

Total Holdings

$6.01M

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

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Kevin D. Chapman

CEO of Renasant

2023 Compensation

Stock

$0.00

Salary

$401.63K

Bonus

$401.63K

Other

$0.00

Total Holdings

$5.13M

P

Anthony Labozzetta

CEO of Provident Financial Services

2023 Compensation

Stock

$61.82K

Salary

$818.27K

Bonus

$309.38K

Other

$121.55K

Total Holdings

$8.84M

Holdings

See how much did William J. Wagner make over time.

William J. Wagner has held significant shares in Northwest Bancshares, where he saw fluctuations in his holdings over time. At one point, his wealth was closely tied to stock performance, but there have been years, such as 2019, where he...

William J. Wagner has held significant shares in Northwest Bancshares, where he saw fluctuations in his holdings over time. At one point, his wealth was closely tied to stock performance, but there have been years, such as 2019, where he didn't have any stock grants that vested. His past insider trading activity reflects his insider knowledge and confidence in the company's direction. For instance, he played a key role in decisions that likely influenced stock value, maximizing the impact of his wealth management. It is worth noting that over the years, particularly in 2018, the total number of outstanding shares he owned showcased his longstanding commitment to the company, indicating confidence in the bank’s stability and growth potential.

Insider Trading

See recent insider trades of William J. Wagner.

No insider trades found for this CEO.

Compensation History

See how much did William J. Wagner make over time.

In 2019, William J. Wagner received a total compensation package of $1.28 million, which encompassed a base salary of $726,942 and a performance-based bonus of $169,173. His focus on cash compensation was evident since he did not have any vested stock options that year, pointing to a strategy that rewarded short-term results over long-term equity. From 2016 to 2019, his compensation fluctuated, with the highest noted amount in 2019. Alongside the cash incentives, he also benefitted from other forms of compensation, including contributions to his retirement plan and life insurance premiums, which totalled $48,984. This structure demonstrates a compensation philosophy that is tightly linked to performance metrics, ensuring that Wagner was rewarded for meeting the financial goals set by the bank.

Year

2019

Total Compensation

$945.10K

Salary

$726.94K

Board Justification

The compensation philosophy aims to provide competitive compensation packages that align with performance metrics and market standards, ensuring retention and motivation of key executives.

Bonus

$169.17K

Board Justification

Performance-based cash incentive awards related to corporate and individual performance objectives, with a maximum of 20% of base salary based on performance metrics.

Other

$48.98K

Board Justification

Includes company contributions to qualified defined contribution plan, company-paid life insurance premiums, and unvested restricted stock dividends.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2019 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

Performance metrics include return on average assets, return on average equity, return on average tangible equity, growth in earnings per share, and retail deposit growth.

Other Northwest Bancshares CEOs

Here are other CEOs of Northwest Bancshares

Ronald J. Seiffert

Ex-CEO of Northwest Bancshares

June 2018 - May 2022