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Class
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Name
|
| |
Status
|
| |
To Serve Until Annual
Meeting in |
|
I
|
| |
Howard Feinglass
John J. Keenan Robert D. Kunisch, Jr. Thomas P. O’Neill Kenneth C. Lundeen* |
| |
Nominee
Nominee Nominee Nominee |
| |
2024
|
|
II | | |
W. Gary Dorsch
Michael B. High Paul I. Latta, Jr. Robert W. Smith, Jr. Donna Hill Staton |
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Continuing director
Continuing director Continuing director Continuing director Continuing director |
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2022
|
|
III | | |
Linda Singh**
Richard G. Arnold James T. Dresher, Jr. Mary Ann Scully Jack E. Steil*** |
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Nominee
Continuing director Continuing director Continuing director |
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2023
|
|
Director
|
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Audit
|
| |
Compensation
|
| |
Governance
and Nominating |
| |
Asset-
Liability |
| |
Executive
|
| |
Strategic
Growth Initiatives |
|
Richard G. Arnold | | | | | | | | | | | |
•
|
| | | | | | |
W. Gary Dorsch | | |
•
|
| | | | | | | |
•
|
| | | | | | |
James T. Dresher, Jr. | | | | | | | | |
•
|
| | | | | | | | | |
Howard Feinglass | | | | | | | | | | | | | | | | | |
•
|
|
Michael B. High | | |
•
|
| | | | | | | |
•
|
| | | | |
•
|
|
Donna Hill Staton | | | | | |
•
|
| |
• C
|
| | | | | | | | | |
John J. Keenan | | |
• C
|
| | | | | | | |
•
|
| |
•
|
| | | |
Robert D. Kunisch, Jr.
|
| | | | | | | | | | |
•
|
| |
•
|
| | | |
Paul I. Latta, Jr. | | |
•
|
| | | | |
•
|
| | | | | | | |
•
|
|
Kenneth C. Lundeen | | | | | |
• C
|
| | | | | | | |
•
|
| |
•
|
|
Thomas P. O’Neill | | |
•
|
| | | | | | | |
• C
|
| | | | |
•
|
|
Mary Ann Scully | | | | | | | | | | | |
•
|
| |
• C
|
| |
• C
|
|
Linda Singh | | | | | | | | | | | | | | | | | | | |
Robert W. Smith, Jr. | | | | | | | | |
•
|
| | | | |
•
|
| | | |
Jack E. Steil | | | | | | | | | | | | | | | | | | | |
Company Name
|
| |
Ticker
|
| |
Company Name
|
| |
Ticker
|
| |
Company Name
|
| |
Ticker
|
|
American National Bankshares | | |
AMNB
|
| |
Atlantic Capital Bancshares
|
| |
ACBI
|
| |
ACBN Corporation
|
| |
ACNB
|
|
Arrow Financial Corp
|
| |
AROW
|
| |
BCB Bancorp
|
| |
BCBP
|
| |
Capital Bancorp
|
| |
CBNK
|
|
Capstar Financial Holdings | | |
CSTR
|
| |
Chemung Financial Corp
|
| |
CHMG
|
| |
Codorus Valley Bancorp
|
| |
CVLY
|
|
Community Financial Corp | | |
TCFC
|
| |
First Bank
|
| |
FRBA
|
| |
First of Long Island Corp
|
| |
FLIC
|
|
FVC Bankcorp | | |
FVCB
|
| |
Metropolitan Bank Holding Corp
|
| |
MCB
|
| |
Mid Penn Bancorp
|
| |
MPB
|
|
Orrstown Financial Services | | |
ORRF
|
| |
Peoples Financial Services
|
| |
PFIS
|
| |
Republic First Bancorp
|
| |
FRBK
|
|
SB One Bancorp | | |
SBBX
|
| |
Shore Bancshares
|
| |
SHBI
|
| |
Southern National Bancorp of Virginia
|
| |
SONA
|
|
Key Elements of Compensation
|
| |
Objectives
|
|
Base salary | | |
•
Attract and retain highly qualified executives
|
|
| | |
•
Reward prior performance, industry and job specific knowledge, experience and leadership ability
|
|
Annual cash incentives | | |
•
Designed to reward the achievement of annual corporate financial metrics and individual goals, rewards executives for stockholder value creation and align executive and stockholder interests
|
|
Stock-based incentive compensation | | |
•
Reward achievement of long-term objectives and create direct link between performance and stockholder value
|
|
Name
|
| |
Title
|
|
Mary Ann Scully | | | Chief Executive Officer and Chairman of the Board | |
Robert D. Kunisch, Jr. | | | President and Chief Operating Officer | |
Charles E. Schwabe | | | Executive Vice President and Secretary | |
George Coffman | | |
Former Executive Vice President, Chief Financial Officer and Treasurer
|
|
Name and Principal Position
|
| |
Year
($) |
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
Awards ($) |
| |
Non-Equity
Incentive Plan Compensation ($)(2) |
| |
Non-Qualified
Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| ||||||||||||||||||||||||
Mary Ann Scully
|
| | | | 2020 | | | | | $ | 530,000 | | | | | | — | | | | | $ | 66,254(1) | | | | | $ | 84,800 | | | | | $ | — | | | | | $ | 16,623(3) | | | | | $ | 697,677 | | |
Chairman and Chief Executive
Officer of Howard and the Bank |
| | | | 2019 | | | | | $ | 530,000 | | | | | | — | | | | | | — | | | | | $ | 156,774 | | | | | $ | — | | | | | $ | 18,330 | | | | | $ | 705,104 | | |
Robert D. Kunisch
|
| | | | 2020 | | | | | $ | 390,000 | | | | | | — | | | | | $ | 39,008(1) | | | | | $ | 46,800 | | | | | | — | | | | | $ | 29,370(3) | | | | | $ | 505,178 | | |
President and Chief Operating
Officer of Howard and the Bank |
| | | | 2019 | | | | | $ | 390,000 | | | | | | — | | | | | | — | | | | | $ | 86,522 | | | | | | — | | | | | $ | 29,090 | | | | | $ | 505,612 | | |
Charles E. Schwabe
|
| | | | 2020 | | | | | $ | 275,000 | | | | | | — | | | | | $ | 20,626(1) | | | | | $ | 27,500 | | | | | | — | | | | | $ | 24,141(3) | | | | | $ | 347,267 | | |
Executive Vice President of Howard and the Bank
|
| | | | 2019 | | | | | $ | 275,000 | | | | | | — | | | | | | — | | | | | $ | 46,544 | | | | | | — | | | | | $ | 23,453 | | | | | $ | 344,997 | | |
George C. Coffman(4)
|
| | | | 2020 | | | | | $ | 123,461 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 254,669(3) | | | | | $ | 378,130 | | |
Former Executive Vice President,
Treasurer and Chief Financial Officer of Howard and the Bank |
| | | | 2019 | | | | | $ | 300,000 | | | | | | — | | | | | | — | | | | | $ | 55,305 | | | | | | — | | | | | $ | 21,050 | | | | | $ | 376,355 | | |
Name
|
| |
Salary
($) |
| |
Target
(% of salary) |
| |
Target
Incentive Payment ($) |
| |
Maximum
(% of salary) |
| |
Maximum
Incentive Payment ($) |
| |||||||||||||||
Mary Ann Scully
|
| | | $ | 530,000 | | | | | | 40% | | | | | $ | 212,000 | | | | | | 60% | | | | | $ | 318,000 | | |
Robert D. Kunisch, Jr.
|
| | | $ | 390,000 | | | | | | 30% | | | | | $ | 117,000 | | | | | | 45% | | | | | $ | 175,500 | | |
Charles E. Schwabe
|
| | | $ | 275,000 | | | | | | 25% | | | | | $ | 68,750 | | | | | | 37.5% | | | | | $ | 103,125 | | |
George C. Coffman(1)
|
| | | $ | 300,000 | | | | | | 30% | | | | | $ | 90,000 | | | | | | 45% | | | | | $ | 135,000 | | |
Performance Goals
|
| |
Weights
|
| |
Thresholds(5)
|
| |
2020
Target |
| |
2020
Actual Results |
| |
Percentage
of Target Level Achieved |
| |||||||||||||||
Core Earnings Per Share(1)
|
| | | | 30% | | | | | $ | 1.02 | | | | | $ | 1.20 | | | | | $ | 0.88 | | | | | | 73.3% | | |
Core Return on Assets(2)
|
| | | | 10% | | | | | | .74% | | | | | | 0.88% | | | | | | 0.66% | | | | | | 75.0% | | |
Net Loan Growth(3)
|
| | | | 25% | | | | | | .75% | | | | | | 9.00% | | | | | | -2.7% | | | | | | -30% | | |
Net Deposit Growth(4)
|
| | | | 10% | | | | | | 10.57% | | | | | | 14.1% | | | | | | 36.6% | | | | | | 260% | | |
| | |
Number of
Shares of Stock that have Not Vested |
| |
Market Value
of Shares of Stock that have Not Vested(2) |
| |
Equity Incentive
Plan Awards: Number of Unearned Shares that have Not Vested |
| |
Equity Incentive
Plan Awards: Market Value of Unearned Shares that have Not Vested(2) |
| ||||||||||||
Mary Ann Scully
|
| | | | 7,086(1) | | | | | $ | 83,686 | | | | | | 7,086(3) | | | | | $ | 83,686 | | |
Robert D. Kunisch, Jr.
|
| | | | 4,172(1) | | | | | $ | 49,271 | | | | | | 4,172(3) | | | | | $ | 49,271 | | |
Charles E. Schwabe
|
| | | | 2,206(1) | | | | | $ | 26,053 | | | | | | 2,206(3) | | | | | $ | 26,053 | | |
George C. Coffman
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Plan Category
|
| |
Number of securities
to be issued upon exercise of outstanding options, and rights(a) |
| |
Weighted average
exercise price of outstanding options, and rights(b) |
| |
Number of securities
remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
Equity compensation plans approved by security
holders(1) |
| | | | 206,136 | | | | | $ | 12.95 | | | | | | 556,669 | | |
Equity compensation plans not approved by security holders
|
| | | | 0 | | | | | | | | | | | | 0 | | |
Total
|
| | | | 206,136 | | | | | $ | 12.95 | | | | | | 556,669 | | |
Name
|
| |
Fees
Earned or Paid in Cash ($) |
| |
Stock
Awards ($)(1) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| ||||||||||||
Richard G. Arnold
|
| | |
$
|
32,500
|
| | | |
$
|
25,021
|
| | | |
$
|
—
|
| | | | $ | 57,521 | | |
W. Gary Dorsch
|
| | | | 33,500 | | | | | | 25,021 | | | | | | — | | | | | | 58,521 | | |
James T. Dresher, Jr
|
| | | | 28,750 | | | | | | 25,021 | | | | | | — | | | | | | 53,771 | | |
Howard Feinglass
|
| | | | 28,750 | | | | | | 25,021 | | | | | | — | | | | | | 53,771 | | |
Michael B. High(2)
|
| | | | 33,500 | | | | | | 25,021 | | | | | | — | | | | | | 58,521 | | |
John J. Keenan
|
| | | | 39,250 | | | | | | 25,021 | | | | | | — | | | | | | 64,271 | | |
Paul I. Latta, Jr.
|
| | | | 37,250 | | | | | | 25,021 | | | | | | — | | | | | | 62,271 | | |
Kenneth C. Lundeen
|
| | | | 35,000 | | | | | | 25,021 | | | | | | — | | | | | | 60,021 | | |
Thomas P. O’Neill
|
| | | | 38,500 | | | | | | 25,021 | | | | | | — | | | | | | 63,521 | | |
Linda Singh
|
| | | | 3,500 | | | | | | 3,501 | | | | | | | | | | | | 7,001 | | |
Robert W. Smith, Jr.
|
| | | | 47,500 | | | | | | 25,021 | | | | | | — | | | | | | 72,521 | | |
Donna Hill Staton
|
| | | | 32,500 | | | | | | 25,021 | | | | | | — | | | | | | 57,521 | | |
Jack E. Steil
|
| | | | — | | | | | | — | | | | | | 302,158(3) | | | | | | 302,158 | | |
| | |
Position
|
| |
Number of
Shares Beneficially Owned(1)(9) |
| |
Total
|
| |
Percent of
Common Shares |
| | |||||||||||
Board of Directors: | | | | | | | | | | | | | | | | | | | | | | | |||
Richard G. Arnold
|
| | Director | | | | | 145,369 | | | | | | 145,369 | | | | | | * | | | | ||
W. Gary Dorsch(2)
|
| | Director | | | | | 265,578 | | | | | | 265,578 | | | | | | 1.41% | | | | ||
James T. Drescher, Jr.(3)
|
| | Director | | | | | 378,638 | | | | | | 378,638 | | | | | | 2.02% | | | | ||
Howard Feinglass(4)
|
| | Director | | | | | 1,908,013 | | | | | | 1,908,013 | | | | | | 10.16% | | | | ||
Michael B. High(5)
|
| | Director | | | | | 41 | | | | | | 41 | | | | | | * | | | | ||
Donna Hill Staton
|
| | Director | | | | | 19,061 | | | | | | 19,061 | | | | | | * | | | | ||
John J. Keenan
|
| | Director | | | | | 13,935 | | | | | | 13,935 | | | | | | * | | | | ||
Robert D, Kunisch, Jr.
|
| | Director and President | | | | | 126,871 | | | | | | 129,652 | | | | | | * | | | | ||
Paul I. Latta, Jr.
|
| | Director | | | | | 105,136 | | | | | | 105,136 | | | | | | * | | | | ||
Kenneth C. Lundeen(6)
|
| | Director | | | | | 169,650 | | | | | | 169,650 | | | | | | * | | | | ||
Thomas P. O’Neill
|
| | Director | | | | | 29,987 | | | | | | 29,987 | | | | | | * | | | | ||
Mary Ann Scully(7)
|
| |
Director, Chairman of Board and
Chief Executive Officer |
| | | | 148,612 | | | | | | 153,336 | | | | | | * | | | | ||
Linda Singh
|
| | Director | | | | | 1,313 | | | | | | 1,313 | | | | | | * | | | | ||
Robert W. Smith, Jr.
|
| | Director | | | | | 50,968 | | | | | | 50,968 | | | | | | * | | | | ||
Jack E. Steil
|
| | Director | | | | | 47,795 | | | | | | 47,795 | | | | | | * | | | | ||
Named Executive Officers (not listed as Directors): | | | | | | | | | | | | | | | | | | | | | |||||
Charles E. Schwabe(8)
|
| | Executive Vice President | | | | | 52,059 | | | | | | 52,059 | | | | | | * | | | | ||
George C. Coffman
|
| | Former CFO | | | | | 69,149 | | | | | | 69,149 | | | | | | * | | | | ||
All directors & executive officers as a group
(23 persons) |
| | | | | | | 3,555,939 | | | | | | 3,555,939 | | | | | | 18.93% | | | |
Name and Address
|
| |
Number of
Shares Beneficially Owned(1) |
| |
Total
|
| |
Percent of
Common Shares |
| | |||||||||||
5% Stockholders: | | | | | | | | | | | | | | | | | ||||||
Entities Affiliated with Patriot Financial Partners GP, LP(10)
2929 Arch Street Philadelphia, PA 19104 |
| | | | 2,167,263 | | | | | | 2,167,263 | | | | | | 11.54% | | | | ||
Entities Affiliated with Priam Capital Fund I, LP(11)
745 Fifth Ave, Suite 1702 New York, NY 10151 |
| | | | 1,875,043 | | | | | | 1,875,043 | | | | | | 9.98% | | | | ||
Entities Affiliated with T. Rowe Price Associates, Inc.(12)
100 E. Pratt Street Baltimore, MD 21202 |
| | | | 2,514,318 | | | | | | 2,514,318 | | | | | | 13.39% | | | | ||
Entities Affiliated with GCP Managing Partner III(13)
600 Lexington Ave., 31st Floor New York, NY 10022 |
| | | | 1,277,505 | | | | | | 1,277,505 | | | | | | 6.80% | | | |