How Mazzei was paid
$5.7M 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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Michael J. MazzeiChief Executive Officer | $800,000 | $3,182,209 | $1,701,000 | $16,174 | $5,699,383 |
| Andrew E. WittPresident & Chief Operating Officer | $500,000 | $1,697,178 | $777,600 | $15,820 | $2,990,598 |
| Frank V. SaracinoChief Financial Officer, Treasurer & Executive Vice President | $425,000 | $1,007,696 | $607,500 | $16,174 | $2,056,370 |
| David A. PalaméGeneral Counsel, Secretary & Executive Vice President | $352,500 | $1,033,477 | $583,200 | $16,174 | $1,985,351 |
What changed and why
- $5.7MChief executive officer total compensation decreased to $5,699,383 in 2025 compared to $5,849,879 in 2024.
- 10%Named executive officers agreed to a 10% reduction of their earned 2025 annual cash incentive compensation.
- 100%The chief executive officer agreed to receive 100% of his annual incentive award in restricted stock.
- $950MNew loan origination volume reached approximately $950 million with loan portfolio growth to $2.7 billion.
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.