How Cozzone was paid
$1.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Other | Total |
|---|---|---|---|---|
| Robert D. CozzonePresident and Chief Executive Officer | $731,578 | $608,000 | $412,623 | $1,752,201 |
| Bartholomew H. Murphy, Jr.Executive Vice President and Chief Operating Officer | $356,635 | $72,500 | $63,128 | $492,263 |
| Jonathan NelsonExecutive Vice President and Chief Financial Officer | $357,212 | $195,000 | $27,173 | $579,385 |
What changed and why
- $1.8M$1,752,201 was CEO Robert Cozzone’s 2025 total compensation, versus $1,491,691 in 2024.
- $608K$608,000 was Cozzone’s discretionary 2025 bonus recognizing the IPO and strategic progress.
- 2025 Annual Bonus Program payouts were not earned because of the elevated loan loss provision expense.
- The Long-Term Incentive Plan was terminated and paid out, with no grants awarded in 2025.
- 55%55% of base salary was Cozzone’s minimum short-term target cash bonus opportunity.
- 25%25% of base salary was the stated minimum long-term target cash bonus opportunity for Cozzone and Nelson.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.