Codorus Valley Bancorp Executive Compensation (FY22)

CVLY · Executive and director compensation, fiscal 2022 only
Chief executive, fiscal 2022
◇
Craig Kauffman
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (DEF 14A): March 31, 2023
1 filing cited on this page
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111 figures on this page, cited to the filing that reported them. See the citations

Frequently asked questions

Answers drawn from the data on this page.
Who is Codorus Valley Bancorp's chief executive and what were they paid?
Craig Kauffman was paid $990,702 in total compensation as President and Chief Executive Officer of the Company and PeoplesBank for fiscal 2022.
Which companies are in Codorus Valley Bancorp's peer group?
The disclosed peer group names ACNB Company, American National Bankshares Inc., Arrow Financial Corporation, BCB Bancorp, Inc. and Blue Ridge Bankshares, Inc., among others.
What is Codorus Valley Bancorp's chief executive pay ratio?
For fiscal 2022, the company reported a chief executive pay ratio of 17:1, against median employee compensation of $57,313.61.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Craig Kauffman
President and Chief Executive Officer of the Company and PeoplesBank
◇—◇—◇◇◇◇
Diane Baker
Executive Vice President and Chief Risk Officer of the Company and PeoplesBank
◇—◇—◇◇◇◇
Amy Doll
Senior Vice President and Chief Commercial Banking and Lending Officer of PeoplesBank
◇—◇—◇—◇◇
Larry Pickett
Executive Vice President and Chief Financial Officer of the Company and PeoplesBank
◇—◇—◇—◇◇
Chad Clabaugh
Senior Vice President and Chief Consumer Banking Officer of PeoplesBank
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2022
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Amy L. Doll(4)—◇—◇◇◇—◇
Chad M. Clabaugh(5)—◇—◇◇◇—◇
Craig L. Kauffman(1)—◇—◇◇◇—◇
Diane E. Baker(3)—◇—◇◇◇—◇
Larry D. Pickett(2)—◇—◇◇◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2022 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Chad ClabaughRSU◇◇——
Craig KauffmanRSU◇◇——
Amy DollRSU◇◇——
Diane BakerRSU◇◇——
Larry PickettRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Craig Kauffman
President and Chief Executive Officer of the Company and PeoplesBank · Employment agreement
Severance multiple◇
Severance base◇

Director compensation

What each non-employee director was paid.
Fiscal 2022
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
J. Rodney Messick
◇◇———◇◇
Cynthia A. Dotzel
Board chair
◇◇———◇◇
Brian D. Brunner
◇◇——◇◇◇
Sarah M. Brown
◇◇———◇◇
John W. Giambalvo
◇◇———◇◇
Jeffrey R. Hines
◇◇———◇◇
Keith M. Cenekofsky
◇—————◇
Kent K. Matsumoto
◇———◇—◇
John E. Kiernan
◇—————◇
Scott V. Fainor
◇—————◇
Craig L. Kauffman served on the board in fiscal 2022 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.
Stock ownership guideline: 4x annual retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2022
  • ACNB Company ACNB
  • American National Bankshares Inc. AMNB
  • Arrow Financial Corporation AROW
  • BCB Bancorp, Inc. BCBP
  • Blue Ridge Bankshares, Inc. BRBS
  • C&F Financial Corporation CFFI
  • Capital Bancorp, Inc. CBNK
  • Chemung Financial Corporation CHMG
  • Citizens & Northern Corporation CZNC
  • Evans Bancorp, Inc. EVBN
  • Fidelity D&D Bancorp, Inc. FDBC
  • First Bank FRBA
  • First Community Bancshares, Inc. FCBC
  • FVCBankcorp, Inc. FVCB
  • Norwood Financial Corp NWFL
  • Orange County Bancorp, Inc. OBT
  • Orrstown Financial Services, Inc. ORRF
  • Parke Bancorp, Inc. PKBK
  • Penns Woods Bancorp, Inc. PWOD
  • Peoples Financial Services Corp. PFIS
  • Primis Financial Corp. FRST
  • Shore Bancshares, Inc. SHBI
  • The Community Financial Corporation TCFC
  • Unity Bancorp, Inc. UNTY
  • Virginia National Bankshares Corporation VABK

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Craig Kauffman (President and Chief Executive Officer of the Company and PeoplesBank), FY2022 total compensation $990,702 (base salary $514,119) [exec_comp, SEC accession 0001140361-23-015314, filed 2023-03-31]

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
111 figures on this page, cited to the filing that reported them.
111 cited to the filing

Documents cited

  1. 0001140361-23-015314
    2022 Summary Compensation Table · CEO PAY RATIO · EXECUTIVE COMPENSATION DISCUSSION AND ANALYSIS · Grants of Plan-Based Awards · and 2 more sections
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Velarion, “Codorus Valley Bancorp executive compensation, FY2022.” https://intel.velarion.ai/comp/CVLY (accessed 2026).
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Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
1 filing cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Codorus Valley Bancorp discloses

The companies named in CVLY's own disclosed peer group.

Terms on this page

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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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