MID PENN BANCORP INC
For the period ended May 13, 2025. Filed Mar 28, 2025.
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May 13, 2025 · Filed Mar 28, 2025
Contents
Compensation Program Authority and Objectives
The Board has delegated the task of administering Mid Penn’s compensation program to the Compensation Committee. The Committee’s primary responsibility is to assure that the compensation structure and components for executive officers of the Corporation and its subsidiaries are designed to (i) align with the interests of our shareholders and the strategic goals of the Corporation and its subsidiaries, (ii) attract and retain highly-qualified executives who are motivated to achieve high levels of performance, both short-term and long-term, (iii) be competitive with compensation programs of peer institutions, (iv) not encourage undue risk-taking which would negatively affect the safety and soundness of the Corporation and its subsidiaries, and (v) comply with the requirements of the appropriate regulatory bodies.
In making its compensation decisions for 2024, the Compensation Committee desired to recognize the efforts of the members of the executive management team who guided the Corporation in achieving each of the foregoing milestones.
This Compensation Discussion and Analysis describes the key elements of our compensation program for our named executive officers. For the year 2024, our named executive officers are:
| Name | Position |
|---|---|
| Rory G. Ritrievi | Board Chair, President, Chief Executive Officer and Director of the Corporation and Bank |
| Justin T. Webb | Senior Executive Vice President, Chief Financial Officer of the Corporation and Bank |
| Scott W. Micklewright | President of Commercial and Consumer Banking and Senior Executive Vice President, Chief Revenue Officer of the Bank |
| Joseph L. Paese | First Executive Vice President, Director of Trust and Wealth Management of the Bank |
| Jordan D. Space | President of the Private Bank and Senior Executive Vice President, Chief Operating Officer of the Bank |
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