| | |
Shares of
Common Stock Beneficially Owned as of the Record Date(1) |
| |
Percent of Shares
of Common Stock Outstanding(2) |
| |
RSUs(3)
|
| |||||||||
Persons Owning Greater than 5% | | | | | | | | | | | | | | | | | | | |
The Banc Funds Company, L.L.C.
BANC FUND X L.P. TBFC Financial Technologies Fund L.P. BANC FUND IX L.P. 20 North Wacker, Suite 3300 Chicago, Illinois 60606 |
| | | | 341,064(4) | | | | | | 6.0% | | | | | | | | |
BlackRock, Inc.
50 Hudson Yards New York, New York 10001 |
| | | | 329,057(5) | | | | | | 5.8% | | | | | | | | |
Robert W. Morrison
35 Front Jacques Street, Apt #2 Somerville, MA 02145 |
| | | | 327,092(6) | | | | | | 5.8% | | | | | | | | |
Directors | | | | | | | | | | | | | | | | | | | |
Michael J. Gilfeather
|
| | | | 43,003(7) | | | | | | * | | | | | | 16,699 | | |
Louis Heimbach
|
| | | | 63,620(8) | | | | | | 1.1% | | | | | | ― | | |
Gregory F. Holcombe
|
| | | | 89,411(9) | | | | | | 1.6% | | | | | | 1,001 | | |
Kevin J. Keane
|
| | | | 17,678(10) | | | | | | * | | | | | | 1,001 | | |
Marianna R. Kennedy
|
| | | | 2,756(11) | | | | | | * | | | | | | 1,001 | | |
William D. Morrison
|
| | | | 56,000(12) | | | | | | 1.0% | | | | | | 1,001 | | |
Jonathan F. Rouis
|
| | | | 5,691(13) | | | | | | * | | | | | | 1,001 | | |
Richard B. Rowley
|
| | | | 275,359(14) | | | | | | 4.9% | | | | | | 1,001 | | |
Terry R. Saturno
|
| | | | 21,0701(15) | | | | | | * | | | | | | ― | | |
Gustave J. Scacco
|
| | | | 2,354(16) | | | | | | * | | | | | | 666 | | |
Olga Luz Tirado
|
| | | | ― | | | | | | * | | | | | | 551 | | |
Executive Officers who are not Directors | | | | | | | | | | | | | | | | | | | |
Michael J. Coulter
|
| | | | 1,142(17) | | | | | | * | | | | | | 5,074 | | |
Michael Lesler
|
| | | | 1,774(18) | | | | | | * | | | | | | 3,401 | | |
Joseph A. Ruhl
|
| | | | 10,300 | | | | | | * | | | | | | 5,314 | | |
Gregory Sousa
|
| | | | 2,683(19) | | | | | | * | | | | | | 6,092 | | |
David Dineen
|
| | | | 921(20) | | | | | | * | | | | | | 3,153 | | |
| | |
Shares of
Common Stock Beneficially Owned as of the Record Date(1) |
| |
Percent of Shares
of Common Stock Outstanding(2) |
| |
RSUs(3)
|
| |||||||||
Elizabeth Jones
|
| | | | 779 | | | | | | * | | | | | | 2,331 | | |
Michael Listner
|
| | | | 639 | | | | | | * | | | | | | 3,406 | | |
Stephen Rooney
|
| | | | 96 | | | | | | * | | | | | | 4,139 | | |
All directors and executive officers as a group (19 persons)
|
| | | | 595,909 | | | | | | 10.5% | | | | | | 56,832 | | |
Total Number of Directors
|
| |
11
|
| |||||||||||||||||||||
| | |
Female
|
| |
Male
|
| |
Non-Binary
|
| |
Did not
Disclose Gender |
| ||||||||||||
Part I: Gender Identity: | | ||||||||||||||||||||||||
Directors
|
| |
3
|
| |
8
|
| | | | — | | | | | | — | | | ||||||
Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | |
African American or Black
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Alaskan Native or Native American
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Asian
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Hispanic or Latinx
|
| |
1
|
| | | | — | | | | | | — | | | | | | — | | | |||
Native Hawaiian or Pacific Islander
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
White
|
| |
2
|
| |
8
|
| | | | — | | | | | | — | | | ||||||
Two or More Races or Ethnicities
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
LGBTQ+
|
| |
—
|
| |||||||||||||||||||||
Did Not Disclose Demographic Background
|
| |
—
|
|
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($)(2) |
| |
Nonqualified
Deferred Comp Earnings ($)(3) |
| |
All
Other Compensation ($)(4) |
| |
Total
($) |
| ||||||||||||||||||||||||
Michael J. Gilfeather
President, Chief Executive Officer and Director of the Company and the Bank |
| | | | 2023 | | | | | | 650,000 | | | | | | ― | | | | | | 262,032 | | | | | | 390,000 | | | | | | 1,119 | | | | | | 330,742 | | | | | | 1,633,893 | | |
| | | 2022 | | | | | | 525,000 | | | | | | ― | | | | | | 131,938 | | | | | | 315,000 | | | | | | 3,896 | | | | | | 120,971 | | | | | | 1,096,805 | | | ||
Joseph A. Ruhl
Executive Vice President and Regional President of the Bank |
| | | | 2023 | | | | | | 335,000 | | | | | | ― | | | | | | 101,389 | | | | | | 180,000 | | | | | | 3,441 | | | | | | 97,450 | | | | | | 717,280 | | |
| | | 2022 | | | | | | 325,000 | | | | | | ― | | | | | | 74,702 | | | | | | 170,000 | | | | | | 7,789 | | | | | | 85,075 | | | | | | 662,566 | | | ||
Gregory Sousa
Executive Vice President, Chief Commercial Banking Officer |
| | | | 2023 | | | | | | 315,000 | | | | | | ― | | | | | | 90,471 | | | | | | 170,000 | | | | | | ― | | | | | | 57,609 | | | | | | 633,080 | | |
| | | 2022 | | | | | | 290,000 | | | | | | ― | | | | | | 63,222 | | | | | | 170,000 | | | | | | ― | | | | | | 43,953 | | | | | | 567,172 | | |
Officer
|
| |
Perquisites
($)(a) |
| |
Life Insurance
($)(b) |
| |
401(k)
($)(c) |
| |
Performance
SERP ($)(d) |
| |
Total
($) |
| | | | |||||||||||||||
Michael J. Gilfeather
|
| | | | 21,104 | | | | | | 11,688 | | | | | | 37,950 | | | | | | 260,000 | | | | | | 330,742 | | | | ||
Joseph A. Ruhl
|
| | | | 9,500 | | | | | | ― | | | | | | 37,950 | | | | | | 50,000 | | | | | | 97,450 | | | | ||
Gregory Sousa
|
| | | | 9,909 | | | | | | ― | | | | | | 16,200 | | | | | | 31,500 | | | | | | 57,609 | | | |
NEO
|
| |
Bank Weighting
|
| |
Individual Weighting
|
| ||||||
Gilfeather
|
| | | | 70% | | | | | | 30% | | |
Ruhl
|
| | | | 60% | | | | | | 40% | | |
Sousa
|
| | | | 60% | | | | | | 40% | | |
| | | | | | | | |
Stock Awards
|
| |||||||||
Name
|
| |
Grant Date
|
| |
Number of
shares or units of stock that have not vested(1) |
| |
Market value
of shares or units of stock that have not vested($)(2) |
| |||||||||
Michael J. Gilfeather
|
| | | | 2/19/2021 | | | | | | 1,012 | | | | | | 60,963 | | |
| | | | | 9/21/2021 | | | | | | 1,166 | | | | | | 70,240 | | |
| | | | | 2/15/2022 | | | | | | 2,145 | | | | | | 129,215 | | |
| | | | | 3/10/2023 | | | | | | 4,944 | | | | | | 297,827 | | |
Joseph A. Ruhl
|
| | | | 2/19/2021 | | | | | | 414 | | | | | | 24,939 | | |
| | | | | 9/21/2021 | | | | | | 666 | | | | | | 40,120 | | |
| | | | | 2/15/2022 | | | | | | 1,215 | | | | | | 73,192 | | |
| | | | | 3/10/2023 | | | | | | 1,913 | | | | | | 115,239 | | |
Gregory Sousa
|
| | | | 2/19/2021 | | | | | | 351 | | | | | | 21,144 | | |
| | | | | 9/21/2021 | | | | | | 666 | | | | | | 40,120 | | |
| | | | | 2/15/2022 | | | | | | 1,028 | | | | | | 61,927 | | |
| | | | | 3/10/2023 | | | | | | 1,707 | | | | | | 102,830 | | |
Name
|
| |
Fees
Earned or Paid in Cash ($)(1) |
| |
Stock
Awards ($)(2) |
| |
Non-Qualified
Deferred Comp(3) |
| |
All Other
Compensation ($)(4) |
| |
Total
($) |
| |||||||||||||||
Louis Heimbach
|
| | | $ | 79,440 | | | | | $ | 21,308 | | | | | $ | 17,020 | | | | | | ― | | | | | $ | 117,768 | | |
Gregory F. Holcombe
|
| | | $ | 79,440 | | | | | $ | 21,308 | | | | | $ | 2,084 | | | | | | ― | | | | | $ | 102,832 | | |
Kevin J. Keane
|
| | | $ | 71,940 | | | | | $ | 21,308 | | | | | | ― | | | | | | ― | | | | | $ | 93,248 | | |
Marianna R. Kennedy
|
| | | $ | 71,940 | | | | | $ | 21,308 | | | | | | ― | | | | | | ― | | | | | $ | 93,248 | | |
Susan G. Metzger(5)
|
| | | $ | 29,975 | | | | | | ― | | | | | $ | 6,534 | | | | | | ― | | | | | $ | 36,509 | | |
William D. Morrison
|
| | | $ | 88,440 | | | | | $ | 21,308 | | | | | $ | 958 | | | | | | ― | | | | | $ | 110,706 | | |
Jonathan F. Rouis
|
| | | $ | 115,956 | | | | | $ | 21,308 | | | | | $ | 204 | | | | | | ― | | | | | $ | 137,468 | | |
Richard B. Rowley
|
| | | $ | 91,940 | | | | | $ | 21,308 | | | | | $ | 6,922 | | | | | | ― | | | | | $ | 120,170 | | |
Terry R. Saturno
|
| | | $ | 71,940 | | | | | $ | 21,308 | | | | | | ― | | | | | | ― | | | | | $ | 93,248 | | |
Olga Luz Tirado(6)
|
| | | $ | 17,985 | | | | | | ― | | | | | | ― | | | | | | ― | | | | | $ | 17,985 | | |
| | |
Year ended
December 31, 2023 |
| |
Year Ended
December 31, 2022 |
| ||||||
Audit Fees
|
| | | $ | 445,500 | | | | | $ | 418,147 | | |
Audit-Related Fees
|
| | | | ― | | | | | | ― | | |
Tax Fees
|
| | | | ― | | | | | | ― | | |
All Other Fees
|
| | | | ― | | | | | | ― | | |