How Puorro was paid
$1.5M 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 P. PuorroChairman, President and Chief Executive Officer | $716,000 | $491,047 | $235,147 | $57,688 | $1,499,882 |
| McClelland WilcoxFormer President | $575,000 | $274,993 | — | $37,177 | $887,170 |
| Joseph F. BurnsExecutive Vice President and Chief Lending Officer | $406,850 | $59,254 | $85,029 | $24,800 | $575,933 |
What changed and why
- $1.5MChief executive officer total compensation increased to $1,499,882 in 2025 from $1,301,062 in 2024.
- $716KBase salary for the chief executive officer was $716,000 for the 2025 fiscal year.
- Former president McClelland Wilcox left the company under a transition agreement effective March 31, 2026.
- $36,996Non-employee directors received an annual retainer of $36,996 plus additional fees for committee and leadership roles.
- Stock awards reflect grant date fair value under accounting standards codification topic 718.
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.