| | |
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 |
| | | | 488,069(4) | | | | | | 8.7% | | | | | | | | |
Wellington Management Group LLP
Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP |
| | | | |||||||||||||||
280 Congress Street
Boston, MA 02210 |
| | | | 361,234(5) | | | | | | 6.4% | | | | | | | | |
Robert W. Morrison | | | | | |||||||||||||||
35 Front Jacques Street, Apt #2
Somerville, MA 02145 |
| | | | 327,092(6) | | | | | | 5.8% | | | | | | | | |
Directors | | | | | | | | | | | | | | | | | | | |
Michael J. Gilfeather
|
| | | | 36,073(7) | | | | | | * | | | | | | 9,422 | | |
Louis Heimbach
|
| | | | 59,605(8) | | | | | | 1.1% | | | | | | ― | | |
Gregory F. Holcombe
|
| | | | 87,464(9) | | | | | | 1.6% | | | | | | ― | | |
Kevin J. Keane
|
| | | | 14,762(10) | | | | | | * | | | | | | ― | | |
Marianna R. Kennedy
|
| | | | 1,095(11) | | | | | | * | | | | | | ― | | |
Susan G. Metzger
|
| | | | 9,598(12) | | | | | | * | | | | | | ― | | |
William D. Morrison
|
| | | | 56,000(13) | | | | | | 1.0% | | | | | | ― | | |
Jonathan F. Rouis
|
| | | | 5,134(14) | | | | | | * | | | | | | ― | | |
Richard B. Rowley
|
| | | | 273,412(15) | | | | | | 4.8% | | | | | | ― | | |
Terry R. Saturno
|
| | | | 21,251(16) | | | | | | * | | | | | | ― | | |
Gustave J. Scacco
|
| | | | 1,927(17) | | | | | | * | | | | | | 1,333 | | |
| | |
Shares of
Common Stock Beneficially Owned as of the Record Date(1) |
| |
Percent of Shares
of Common Stock Outstanding(2) |
| |
RSUs(3)
|
| |||||||||
Executive Officers who are not Directors | | | | | | | | | | | | | | | | | | | |
Michael J. Coulter
|
| | | | 5,929(18) | | | | | | * | | | | | | 4,264 | | |
Joseph A. Ruhl
|
| | | | 9,278(19) | | | | | | * | | | | | | 4,461 | | |
Gregory Sousa
|
| | | | 2,102(20) | | | | | | * | | | | | | 4,688 | | |
David Dineen
|
| | | | 169(21) | | | | | | * | | | | | | 2,153 | | |
Elizabeth Jones
|
| | | | 334 | | | | | | * | | | | | | 1,584 | | |
Michael Lesler
|
| | | | 1,094(22) | | | | | | * | | | | | | 2,130 | | |
Michael Listner
|
| | | | 605(23) | | | | | | * | | | | | | 2,730 | | |
Stephen Rooney
|
| | | | ― | | | | | | * | | | | | | 3,485 | | |
Frank Skuthan
|
| | | | 5,683(24) | | | | | | * | | | | | | 1,384 | | |
All directors and executive officers as a group (20 persons)
|
| | | | 591,513 | | | | | | 10.5% | | | | | | 37,634 | | |
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
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Native Hawaiian or Pacific Islander
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
White
|
| |
3
|
| |
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
($) |
| ||||||||||||||||||||||||
Michael J. Gilfeather
President, Chief Executive Officer and Director of the Company and the Bank |
| | | | 2022 | | | | | | 525,000 | | | | | | ― | | | | | | 131,938 | | | | | | 315,000 | | | | | | 3,896 | | | | | | 120,971 | | | | | | 1,096,805 | | |
| | | 2021 | | | | | | 440,000 | | | | | | ― | | | | | | 206,287 | | | | | | 193,262 | | | | | | 12,226 | | | | | | 119,324 | | | | | | 971,099 | | | ||
Joseph A. Ruhl
Executive Vice President and Regional President of the Bank |
| | | | 2022 | | | | | | 325,000 | | | | | | ― | | | | | | 74,702 | | | | | | 170,000 | | | | | | 7,789 | | | | | | 85,075 | | | | | | 662,566 | | |
| | | 2021 | | | | | | 325,000 | | | | | | ― | | | | | | 103,708 | | | | | | 155,800 | | | | | | 11,895 | | | | | | 83,350 | | | | | | 679,753 | | | ||
Gregory Sousa
Executive Vice President, Chief Commercial Banking Officer |
| | | | 2022 | | | | | | 290,000 | | | | | | ― | | | | | | 63,222 | | | | | | 170,000 | | | | | | ― | | | | | | 43,953 | | | | | | 567,172 | | |
Officer
|
| |
Perquisites
($)(a) |
| |
Life Insurance
($)(b) |
| |
401(k)
($)(c) |
| |
Performance
SERP ($)(d) |
| |
Total
($) |
| |||||||||||||||
Michael J. Gilfeather
|
| | | | 21,299 | | | | | | 4,597 | | | | | | 35,075 | | | | | | 60,000 | | | | | | 120,971 | | |
Joseph A. Ruhl
|
| | | | ― | | | | | | ― | | | | | | 35,075 | | | | | | 50,000 | | | | | | 85,075 | | |
Gregory Sousa
|
| | | | ― | | | | | | ― | | | | | | 14,950 | | | | | | 29,000 | | | | | | 43,953 | | |
| | | | | | | | |
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 ($)(2) |
| |||||||||
Michael J. Gilfeather
|
| | | | 2/21/2020 | | | | | | 1,212 | | | | | | 56,455 | | |
| | | 2/19/2021 | | | | | | 2,024 | | | | | | 94,278 | | | ||
| | | 9/21/2021 | | | | | | 2,333 | | | | | | 108,671 | | | ||
| | | 2/15/2022 | | | | | | 3,218 | | | | | | 149,894 | | | ||
Joseph A. Ruhl
|
| | | | 2/21/2020 | | | | | | 528 | | | | | | 24,594 | | |
| | | 2/19/2021 | | | | | | 828 | | | | | | 38,568 | | | ||
| | | 9/21/2021 | | | | | | 1,333 | | | | | | 62,091 | | | ||
| | | 2/15/2022 | | | | | | 1,822 | | | | | | 84,869 | | | ||
Gregory Sousa
|
| | | | 2/21/2020 | | | | | | 339 | | | | | | 15,791 | | |
| | | 2/19/2021 | | | | | | 703 | | | | | | 32,746 | | | ||
| | | 9/21/2021 | | | | | | 1,333 | | | | | | 62,091 | | | ||
| | | 2/15/2022 | | | | | | 1,542 | | | | | | 71,826 | | |
Name
|
| |
Fees
Earned or Paid in Cash ($) |
| |
Stock
Awards ($)(1) |
| |
Non-Qualified
Deferred Comp(2) |
| |
All Other
Compensation ($)(3) |
| |
Total
($) |
| |||||||||||||||
Louis Heimbach
|
| | | $ | 101,448 | | | | | $ | 18,457 | | | | | $ | 40,062 | | | | | | ― | | | | | $ | 159,967 | | |
Gregory F. Holcombe
|
| | | $ | 79,604 | | | | | $ | 14,139 | | | | | $ | 5,088 | | | | | | ― | | | | | $ | 98,751 | | |
Kevin J. Keane
|
| | | $ | 71,940 | | | | | $ | 14,139 | | | | | | ― | | | | | | ― | | | | | $ | 86,079 | | |
Marianna R. Kennedy(4)
|
| | | $ | 17,985 | | | | | $ | 14,139 | | | | | | ― | | | | | | ― | | | | | $ | 32,124 | | |
Susan G. Metzger
|
| | | $ | 71,940 | | | | | $ | 14,139 | | | | | $ | 21,950 | | | | | | ― | | | | | $ | 108,029 | | |
William D. Morrison
|
| | | $ | 87,104 | | | | | $ | 18,457 | | | | | $ | 2,303 | | | | | | ― | | | | | $ | 107,864 | | |
Jonathan F. Rouis
|
| | | $ | 95,280 | | | | | $ | 14,139 | | | | | $ | 491 | | | | | | ― | | | | | $ | 109,910 | | |
Richard B. Rowley
|
| | | $ | 90,604 | | | | | $ | 18,457 | | | | | $ | 16,637 | | | | | | ― | | | | | $ | 125,698 | | |
Terry R. Saturno
|
| | | $ | 71,940 | | | | | $ | 14,139 | | | | | | ― | | | | | | ― | | | | | $ | 86,079 | | |
Virginia Rizzo(5)
|
| | | $ | 29,975 | | | | | | ― | | | | | | ― | | | | | | ― | | | | | $ | 29,975 | | |
Plan category
|
| |
Number of
securities to be issued upon exercise of outstanding, options, warrants, and rights (a) |
| |
Weighted-average
exercise price of outstanding options, warrants, and rights (b) |
| |
Number of
securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
Equity compensation plans approved by security holders
|
| | | | — | | | | | | — | | | | | | 19,802 | | |
Equity compensation plans not approved by security holders
|
| | | | — | | | | | | — | | | | | | — | | |
| | |
Year ended
December 31, 2022 |
| |
Year Ended
December 31, 2021 |
| ||||||
Audit Fees
|
| | | $ | 418,147 | | | | | $ | 479,948 | | |
Audit-Related Fees
|
| | | $ | ― | | | | | $ | 115,000 | | |
Tax Fees
|
| | | | ― | | | | | | ― | | |
All Other Fees
|
| | | | ― | | | | | | ― | | |