Magyar Bancorp (MGYR) executive compensation, 2025 proxy

John S. Fitzgerald, President and Chief Executive Officer, was paid $1.4M in 2025, up 8% from $1.3M the year before.

Filed
December 30, 2025
Annual meeting
February 11, 2026
Pay year
2025
Named executives
3
CEO total pay
$1.4M+8% vs prior year
CEO Total Compensation
$1,353,184Fiscal 2025 total compensation
Pre-tax Pre-incentive Income
$15.1 millionExceeded target by $2.1 million
CEO Base Salary
$578,000Fiscal 2025 base salary
CFO Total Compensation
$876,329Fiscal 2025 total compensation
Net Income
$9,760,000Fiscal 2025 net income
PEO Compensation Actually Paid
$1,562,290Computed under SEC rules

How Fitzgerald was paid

$1.4M 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.

Salary43%Bonus10%Non-equity incentive26%All other compensation22%

Named executive officers

ExecutiveTotal
John S. FitzgeraldPresident and Chief Executive Officer$1,353,184
Jon R. AnsariExecutive Vice President and Chief Financial Officer$876,329
Peter BrownSenior Vice President and Chief Lending Officer$365,827

What changed and why

  • $1.4MCEO total compensation increased to $1,353,184 in fiscal 2025 from $1,250,454 in fiscal 2024.
  • $15.1MActual pre-tax, pre-incentive income for fiscal 2025 reached $15.1 million, exceeding target by $2.1 million.
  • The executive incentive program includes pre-established individual metric target goals for net interest margin, return on assets, and deposit growth.
  • $129KThe compensation committee approved discretionary bonuses of $129,000 for the CEO and $62,000 for the CFO.
  • $1.6MCompensation actually paid to the PEO was calculated at $1,562,290 for fiscal 2025.

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.