How Schweitzer was paid
$2.1M 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 |
|---|---|---|---|---|---|---|
| Jeffrey M. SchweitzerChairman, President and Chief Executive Officer of the Corporation and Chairman and Chief Executive Officer of the Bank | $830,000 | $539,533 | $663,234 | $30,348 | $34,559 | $2,097,674 |
| Brian J. RichardsonSenior Executive Vice President and Chief Financial Officer of the Corporation and the Bank | $453,000 | $203,883 | $250,603 | — | $21,523 | $929,009 |
| Michael S. KeimSenior Executive Vice President and Chief Operating Officer of the Corporation, President of the Bank | $545,000 | $299,803 | $334,998 | $26,565 | $32,793 | $1,239,159 |
| Megan D. SantanaSenior Executive Vice President, General Counsel and Chief Risk Officer of the Corporation and the Bank | $390,000 | $175,472 | $215,751 | — | $21,398 | $802,621 |
| Patrick C. McCormickSenior Executive Vice President and Chief Commercial Banking Officer of the Bank | $412,000 | $144,262 | $177,272 | — | $26,572 | $760,106 |
What changed and why
- $2.1MJeffrey M. Schweitzer received total compensation of $2,097,674 for 2025, representing an increase from the prior year total of $1,918,598.
- 122.9%Annual cash incentive awards were paid out at 122.9% of target based on 2025 performance achievements.
- 77.8%Long-term incentive awards for the 2023-2025 performance period resulted in equity awards vesting at 77.8% of target.
- 2.3%Base salary increases for Named Executive Officers ranged from 2.3% to 4.0% effective January 1, 2025.
- 97%Over 97% of votes cast at the 2025 Annual Meeting were in favor of the say-on-pay proposal.
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.