How Bochnowski was paid
$480,686 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 |
|---|---|---|---|---|---|
| Benjamin J. BochnowskiPresident and Chief Executive Officer | $416,146 | — | $32,868 | $31,672 | $480,686 |
| Robert T. LowryExecutive Vice President, Chief Operating Officer | $275,774 | $5,250 | $15,566 | $30,205 | $326,795 |
| Todd M. ScheubExecutive Vice President, Chief Revenue Officer; President of Peoples Bank | $316,113 | $6,849 | $21,411 | $27,864 | $372,237 |
| Benjamin L. SchmittExecutive Vice President, Chief Financial Officer and Treasurer | $250,169 | $4,690 | $14,120 | $20,537 | $289,516 |
What changed and why
- $481KBenjamin J. Bochnowski received a total compensation of $480,686 in 2025, reflecting a decrease from $508,236 in 2024.
- The 2025 Executive Incentive Plan utilized return on assets, earnings per share, and efficiency ratio as metrics.
- 23%Quantitative metrics payouts resulted in approximately 23% of each officer's target bonus award due to non-core securities sales losses.
- The 2025 Omnibus Equity Incentive Plan was adopted on March 21, 2025, replacing the 2015 plan.
- 25%Target long-term incentive opportunities were set at 25% of base salary for the CEO and most other executive officers.
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.