Lakeland Bancorp Management
Management criteria checks 3/4
Lakeland Bancorp's CEO is Tom Shara, appointed in Apr 2008, has a tenure of 16.08 years. total yearly compensation is $2.68M, comprised of 35.2% salary and 64.8% bonuses, including company stock and options. directly owns 0.72% of the company’s shares, worth €5.77M. The average tenure of the management team and the board of directors is 7.3 years and 18.3 years respectively.
Key information
Tom Shara
Chief executive officer
US$2.7m
Total compensation
| CEO salary percentage | 35.2% |
| CEO tenure | 16.1yrs |
| CEO ownership | 0.7% |
| Management average tenure | 7.3yrs |
| Board average tenure | 18.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$84m |
| Dec 31 2023 | US$3m | US$941k | US$84m |
| Sep 30 2023 | n/a | n/a | US$97m |
| Jun 30 2023 | n/a | n/a | US$104m |
| Mar 31 2023 | n/a | n/a | US$110m |
| Dec 31 2022 | US$3m | US$905k | US$106m |
| Sep 30 2022 | n/a | n/a | US$95m |
| Jun 30 2022 | n/a | n/a | US$88m |
| Mar 31 2022 | n/a | n/a | US$87m |
| Dec 31 2021 | US$3m | US$870k | US$94m |
| Sep 30 2021 | n/a | n/a | US$91m |
| Jun 30 2021 | n/a | n/a | US$83m |
| Mar 31 2021 | n/a | n/a | US$68m |
| Dec 31 2020 | US$2m | US$904k | US$57m |
| Sep 30 2020 | n/a | n/a | US$57m |
| Jun 30 2020 | n/a | n/a | US$61m |
| Mar 31 2020 | n/a | n/a | US$67m |
| Dec 31 2019 | US$2m | US$829k | US$70m |
| Sep 30 2019 | n/a | n/a | US$67m |
| Jun 30 2019 | n/a | n/a | US$65m |
| Mar 31 2019 | n/a | n/a | US$63m |
| Dec 31 2018 | US$2m | US$797k | US$63m |
| Sep 30 2018 | n/a | n/a | US$60m |
| Jun 30 2018 | n/a | n/a | US$57m |
| Mar 31 2018 | n/a | n/a | US$55m |
| Dec 31 2017 | US$2m | US$737k | US$52m |
Compensation vs Market: Tom's total compensation ($USD2.68M) is above average for companies of similar size in the German market ($USD1.29M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
CEO
Tom Shara (65 yo)
16.1yrs
Tenure
US$2,675,569
Compensation
Mr. Thomas J. Shara, Jr., also known as Tom, has been Chief Executive Officer and President of Lakeland Bancorp, Inc. and its subsidiary Lakeland Bank since April 2, 2008. Mr. Shara served as President and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 16.1yrs | US$2.68m | 0.72% € 5.8m | |
| Executive VP & CFO | 7.2yrs | US$982.19k | 0.081% € 649.4k | |
| Senior EVP & COO | 7.3yrs | US$1.05m | 0.15% € 1.2m | |
| Executive VP | 15.7yrs | US$883.50k | 0.096% € 769.6k | |
| Executive VP & Chief Risk Officer | 8.2yrs | US$885.42k | 0.087% € 699.3k | |
| Executive VP & Chief Information Officer | 5.3yrs | no data | 0.020% € 161.3k | |
| Executive VP & Senior Loan Officer | 15.5yrs | US$500.36k | no data | |
| Executive VP & Chief Banking Officer | 6.3yrs | no data | 0.044% € 352.3k | |
| Executive VP | 6.4yrs | no data | no data | |
| Executive VP & Chief Retail Officer | no data | no data | no data | |
| Executive VP & Chief Credit Officer | no data | no data | no data | |
| Executive VP & Group Leader | 2.3yrs | no data | no data |
7.3yrs
Average Tenure
60yo
Average Age
Experienced Management: LKL's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 16.1yrs | US$2.68m | 0.72% € 5.8m | |
| Chairman of Corporate Advisory Council | 8.3yrs | no data | 0.14% € 1.2m | |
| Independent Chairman of the Board | 29.3yrs | US$207.58k | 0.51% € 4.1m | |
| Independent Director | 30.3yrs | US$102.97k | 0.41% € 3.3m | |
| Chairman Emeritus | no data | US$145.30k | no data | |
| Independent Director | 20.4yrs | US$111.67k | 0.31% € 2.5m | |
| Independent Director | 8.3yrs | US$105.97k | 0.12% € 998.9k | |
| Independent Director | 13.9yrs | US$108.47k | 0.071% € 570.8k | |
| Independent Director | 19.8yrs | US$110.44k | 0.45% € 3.6m | |
| Independent Director | 19.8yrs | US$112.90k | 0.23% € 1.9m | |
| Independent Director | 16.8yrs | US$108.34k | 0.088% € 710.6k | |
| Chairman Emeritus | no data | no data | no data |
18.3yrs
Average Tenure
65.5yo
Average Age
Experienced Board: LKL's board of directors are seasoned and experienced ( 18.3 years average tenure).