How Tengel was paid
$3.6M 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 |
|---|---|---|---|---|---|
| Jeffrey TengelCEO and President | $1,097,385 | $1,094,318 | $1,123,669 | $291,590 | $3,606,962 |
| Mark RuggieroCFO and EVP of Consumer Lending | $612,958 | $430,156 | $516,894 | $145,133 | $1,705,141 |
| Patricia NataleEVP and General Counsel and Corporate Secretary | $460,865 | $282,183 | $295,317 | $94,169 | $1,132,534 |
| Lee PowlusEVP and Chief Administrative Officer | $470,923 | $306,271 | $312,015 | $94,101 | $1,183,310 |
| James RizzoEVP and Chief Commercial Banking Officer | $458,916 | $285,624 | $308,673 | $73,992 | $1,127,205 |
What changed and why
- $3.6MCEO total compensation increased to $3,606,962 in fiscal 2025 compared to $2,924,622 in fiscal 2024.
- 91.80%Shareholders approved the prior say-on-pay proposal with 91.80% support.
- A new median employee was determined for the 2025 pay ratio following the acquisition of Enterprise Bancorp, Inc.
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.