Mid Penn Bancorp CEO Rory Ritrievi's 2021 pay rises 2% to $1.1M
Mid Penn Bancorp reports 2021 executive compensation
By ExecPay News
Published: March 24, 2022
Mid Penn Bancorp reported fiscal year 2021 executive compensation information on March 24, 2022.
In 2021, six executives at Mid Penn Bancorp received on average a compensation package of $547K, a 14% decrease compared to previous year.
Average pay of disclosed executives at Mid Penn Bancorp
Rory G. Ritrievi, Chief Executive Officer, received $1.1M in total, which increased by 2% compared to 2020. 46% of Ritrievi's compensation, or $523K, was in salary. Ritrievi also received $69K in bonus, $124K of change in pension value and nonqualified deferred compensation earnings, $200K in non-equity incentive plan, $200K in stock awards, as well as $33K in other compensation.
For fiscal year 2021, the median employee pay was $50,186 at Mid Penn Bancorp. Therefore, the ratio of Rory G. Ritrievi's pay to the median employee pay was 23 to one.
Michael D. Peduzzi, Chief Financial Officer, received a compensation package of $636K, which increased by 10% compared to previous year. 45% of the compensation package, or $288K, was of change in pension value and nonqualified deferred compensation earnings.
Scott W. Micklewright, Senior Executive VP Chief Revenue Officer of the Bank, earned $484K in 2021, a 12% decrease compared to previous year.
Justin T. Webb, Chief Operating Officer, received $481K in 2021, which decreases by 13% compared to 2020.
Joan E. Dickinson, Executive VP Chief Retail Officer of the Bank, earned $361K in 2021, a 1% decrease compared to previous year.
Donald F. Holt, Chief Financial Officer, received $171K in 2021.
Related executives
Joan Dickinson
Mid Penn Bancorp
Executive VP Chief Retail Officer of the Bank
Rory Ritrievi
Mid Penn Bancorp
Chief Executive Officer
Michael Peduzzi
Mid Penn Bancorp
Chief Financial Officer
Donald Holt
Mid Penn Bancorp
Chief Financial Officer
Scott Micklewright
Mid Penn Bancorp
Senior Executive VP Chief Revenue Officer of the Bank
Justin Webb
Mid Penn Bancorp
Chief Operating Officer
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Source: SEC filing on March 24, 2022.