How Torchio was paid
$3.4M 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.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Louis J. TorchioPresident, Chief Executive Officer and Director | $904,034 | $999,992 | $1,369,100 | $89,806 | $33,823 | $3,396,755 |
| Douglas M. SchosserChief Financial Officer | $620,825 | $447,520 | $650,000 | — | $66,487 | $1,784,832 |
| Gregory J. BetchkalChief Risk Officer | $609,802 | $601,974 | $560,000 | — | $17,564 | $1,789,340 |
| Jacques M. DesMarteauChief Commercial Banking Officer | $490,208 | $332,351 | $465,000 | — | $31,246 | $1,318,805 |
| Urich T. BowersChief Consumer Banking and Strategy Officer | $419,735 | $141,761 | $465,000 | — | $15,242 | $1,041,738 |
What changed and why
- $3.4MChief executive officer total compensation increased to $3,396,755 from $1,662,425 in the prior fiscal year.
- 66%Approximately 66% of the chief executive officer total compensation is at-risk pay.
- The 2023 performance stock units did not vest based on performance.
- The compensation committee exercised negative discretion with respect to annual incentive payouts.
- 79%Shareholders approved executive compensation with approximately 79% support at the prior annual meeting.
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.