By Order of the Board of Directors /s/ Jennifer Staub Jennifer Staub Corporate Secretary | |||||
| | | Shares of Common Stock Beneficially Owned as of the Record Date(1) | | | Percent of Shares of Common Stock Outstanding(2) | | | RSUs(3) | | |||||||||
Persons Owning Greater than 5% | | | | | | | | | | | | | | | | | | | |
The Banc Funds Company, L.L.C. BANC FUND X L.P. BANC FUND IX L.P. | | | | | |||||||||||||||
20 North Wacker, Suite 3300 Chicago, Illinois 60606 | | | | | | | | | | | | | | | | | | ||
Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP | | | | | |||||||||||||||
280 Congress Street Boston, MA 02210 | | | | | | | | | | | | | | | | | | ||
Robert W. Morrison | | | | | |||||||||||||||
35 Front Jacques Street, Apt #2 Somerville, MA 02145 | | | | | 327,092(6) | | | | | | 5.8% | | | | | | | | |
Directors | | | | | | | | | | | | | | | | | | | |
Michael J. Gilfeather | | | | | | | | | | * | | | | | | | | ||
Louis Heimbach | | | | | 59,605(8) | | | | | | 1.1% | | | | | | ― | | |
Gregory F. Holcombe | | | | | | | | | | | | | | | ― | | | ||
Kevin J. Keane | | | | | | | | | | * | | | | | | ― | | | |
Marianna R. Kennedy | | | | | 1,095(11) | | | | | | * | | | | | | ― | | |
Susan G. Metzger | | | | | | | | | | * | | | | | | ― | | | |
William D. Morrison | | | | | |||||||||||||||
| | | | | | | | | | ― | | | |||||||
Jonathan F. Rouis | | | | | | | | | | * | | | | | | ― | | | |
Richard B. Rowley | | | | | | | | | | 4.8% | | | | | | ― | | | |
Terry R. Saturno | | | | | | | | | | * | | | | | | ― | | | |
Gustave J. Scacco | | | | | | | | | | * | | | | | | | |
| | Shares of Common Stock Beneficially Owned as of the Record Date(1) | | Percent of Shares of Common Stock Outstanding(2) | | RSUs(3) | | | Shares of Common Stock Beneficially Owned as of the Record Date(1) | | Percent of Shares of Common Stock Outstanding(2) | | RSUs(3) | | ||||||||||||||||||||||||
Executive Officers who are not Directors | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||
Robert L. Peacock | | | | 14,057(18) | | | | | * | | | | | 5,011 | | | ||||||||||||||||||||||
Michael J. Coulter | | | | 6,239(19) | | | | | * | | | | | 3,682 | | | | | | 5,929(18) | | | | | * | | | | | 4,264 | | |||||||
Joseph A. Ruhl | | | | 8,883(20) | | | | | * | | | | | 3,822 | | | | | | 9,278(19) | | | | | * | | | | | 4,461 | | |||||||
Gregory Sousa | | | | 2,830(21) | | | | | * | | | | | 3,542 | | | | | | 2,102(20) | | | | | * | | | | | 4,688 | | |||||||
David Dineen | | | | 169(21) | | | | | * | | | | | 2,153 | | |||||||||||||||||||||||
Elizabeth Jones | | | | 334 | | | | | * | | | | | 1,584 | | |||||||||||||||||||||||
Michael Lesler | | | | 1,094(22) | | | | | * | | | | | 2,130 | | |||||||||||||||||||||||
Michael Listner | | | | 1,000(22) | | | | | * | | | | | 2,223 | | | | | | 605(23) | | | | | * | | | | | 2,730 | | |||||||
Stephen Rooney | | | | ― | | | | | * | | | | | 3,485 | | |||||||||||||||||||||||
Frank Skuthan | | | | 4,760(23) | | | | | * | | | | | 2,075 | | | | | | 5,683(24) | | | | | * | | | | | 1,384 | | |||||||
Michael Lesler | | | | 1,000(24) | | | | | * | | | | | ― | | | ||||||||||||||||||||||
Elizabeth Jones | | | | ― | | | | | * | | | | | 1,000 | | | ||||||||||||||||||||||
David Dineen | | | | ― | | | | | * | | | | | ― | | | ||||||||||||||||||||||
All directors and executive officers as a group (20 persons) | | | | 597,157 | | | | | 10.6% | | | | | | | | | | | 591,513 | | | | | 10.5% | | | | | 37,634 | |
Total Number of Directors | | 11 | | |||||||||||||||||||||||||||||||||||||||||||||||
| | Female | | Male | | Non-Binary | | Did not Disclose Gender | | | Female | | Male | | Non-Binary | | Did not Disclose Gender | | ||||||||||||||||||||||||||||||||
Part I: Gender Identity: | Part I: Gender Identity: | | Part I: Gender Identity: | | ||||||||||||||||||||||||||||||||||||||||||||||
Directors | | | | 3 | | | | | 8 | | | | | — | | | | | — | | | | 3 | | 8 | | | | — | | | | | — | | | ||||||||||||||
Part II: Demographic Background | Part II: Demographic Background | | Part II: Demographic Background | | ||||||||||||||||||||||||||||||||||||||||||||||
African American or Black | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
Alaskan Native or Native American | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
Asian | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
Hispanic or Latinx | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
Native Hawaiian or Pacific Islander | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
White | | | | 3 | | | | | 8 | | | | | — | | | | | — | | | | 3 | | 8 | | | | — | | | | | — | | | ||||||||||||||
Two or More Races or Ethnicities | | | | — | | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | ||||||||
LGBTQ+ | | — | | | — | | ||||||||||||||||||||||||||||||||||||||||||||
Did Not Disclose Demographic Background | | — | | | — | |
Name and Principal Position | | Year | | Salary ($) | | Bonus ($) | | Stock Awards ($)(1) | | Non-Equity Incentive Plan Compensation ($) | | Nonqualified Deferred Comp Earnings ($)(2) | | All Other Compensation ($)(3) | | Total ($) | | | Year | | Salary ($) | | Bonus ($) | | Stock Awards ($)(1) | | Non-Equity Incentive Plan Compensation ($)(2) | | Nonqualified Deferred Comp Earnings ($)(3) | | All Other Compensation ($)(4) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Michael J. Gilfeather President, Chief Executive Officer and Director of the Company and the Bank | | | | | 2021 | | | | | 440,000 | | | | | ― | | | | | 206,287 | | | | | 193,262 | | | | | 12,226 | | | | | 119,324 | | | | | 971,099 | | | | | | | 2022 | | | | | 525,000 | | | | | ― | | | | | 131,938 | | | | | 315,000 | | | | | 3,896 | | | | | 120,971 | | | | | 1,096,805 | | | ||||||||||||||
| | | 2020 | | | | | 440,000 | | | | | ― | | | | | 110,000 | | | | | 220,000 | | | | | 8,497 | | | | | 113,161 | | | | | 891,658 | | | | | | 2021 | | | | | 440,000 | | | | | ― | | | | | 206,287 | | | | | 193,262 | | | | | 12,226 | | | | | 119,324 | | | | | 971,099 | | | |||||||||||||||||
Joseph A. Ruhl Executive Vice President and Regional President of the Bank | | | | | 2021 | | | | | 325,000 | | | | | ― | | | | | 103,708 | | | | | 155,800 | | | | | 11,895 | | | | | 92,853 | | | | | 689,256 | | | | | | | 2022 | | | | | 325,000 | | | | | ― | | | | | 74,702 | | | | | 170,000 | | | | | 7,789 | | | | | 85,075 | | | | | 662,566 | | | ||||||||||||||
| | | 2020 | | | | | 300,000 | | | | | 5,000 | | | | | 48,000 | | | | | 130,000 | | | | | 12,514 | | | | | 78,606 | | | | | 574,120 | | | | | | 2021 | | | | | 325,000 | | | | | ― | | | | | 103,708 | | | | | 155,800 | | | | | 11,895 | | | | | 83,350 | | | | | 679,753 | | | |||||||||||||||||
Robert L. Peacock Senior Executive Vice President and Chief Financial Officer of the Company and the Bank | | | | | 2021 | | | | | 330,000 | | | | | ― | | | | | 137,708 | | | | | 187,521 | | | | | ― | | | | | 8,700 | | | | | 663,929 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 300,000 | | | | | ― | | | | | 73,000 | | | | | 150,000 | | | | | ― | | | | | 8,550 | | | | | 531,550 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gregory Sousa Executive Vice President, Chief Commercial Banking Officer | | | | 2022 | | | | | 290,000 | | | | | ― | | | | | 63,222 | | | | | 170,000 | | | | | ― | | | | | 43,953 | | | | | 567,172 | | |
Officer | | Perquisites ($)(a) | | Life Insurance ($)(b) | | KSOP ($)(c) | | Performance SERP ($)(d) | | Total ($) | | | Perquisites ($)(a) | | Life Insurance ($)(b) | | 401(k) ($)(c) | | Performance SERP ($)(d) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||
Michael J. Gilfeather | | | | 21,377 | | | | | 4,597 | | | | | 33,350 | | | | | 60,000 | | | | | 119,324 | | | | | | 21,299 | | | | | 4,597 | | | | | 35,075 | | | | | 60,000 | | | | | 120,971 | | | ||||||||||
Joseph A. Ruhl | | | | 9,503 | | | | | ― | | | | | 33,350 | | | | | 50,000 | | | | | 92,853 | | | | | | ― | | | | | ― | | | | | 35,075 | | | | | 50,000 | | | | | 85,075 | | | ||||||||||
Robert L. Peacock | | | | ― | | | | | ― | | | | | 8,700 | | | | | ― | | | | | 8,700 | | | ||||||||||||||||||||||||||||||||||||
Gregory Sousa | | | | ― | | | | | ― | | | | | 14,950 | | | | | 29,000 | | | | | 43,953 | | |
| | | | | | | | | Stock Awards | | |||||||||
Name | | | Grant Date | | | Number of shares or units of stock that have not vested(1) | | | Market value of shares or units of stock that have not vested ($)(2) | | |||||||||
Michael J. Gilfeather | | | | | 2/15/2019 | | | | | | 1,358 | | | | | | 54,592 | | |
| | | | | 2/21/2020 | | | | | | 2,424 | | | | | | 97,445 | | |
| | | | | 2/19/2021 | | | | | | 3,036 | | | | | | 122,047 | | |
| | | | | 9/21/2021 | | | | | | 3,500 | | | | | | 140,700 | | |
Joseph A. Ruhl | | | | | 2/15/2019 | | | | | | 573 | | | | | | 23,035 | | |
| | | | | 2/21/2020 | | | | | | 1,057 | | | | | | 42,491 | | |
| | | | | 2/19/2021 | | | | | | 1,242 | | | | | | 49,928 | | |
| | | | | 9/21/2021 | | | | | | 2,000 | | | | | | 80,400 | | |
Robert Peacock | | | | | 2/15/2019 | | | | | | 334 | | | | | | 13,427 | | |
| | | | | 2/21/2020 | | | | | | 1,057 | | | | | | 42,491 | | |
| | | | | 2/19/2021 | | | | | | 1,242 | | | | | | 49,928 | | |
| | | | | 9/21/2021 | | | | | | 3,000 | | | | | | 120,600 | | |
| | | | | | | | | Stock Awards | | |||||||||
Name | | | Grant Date | | | Number of shares or units of stock that have not vested(1) | | | Market value of shares or units of stock that have not vested ($)(2) | | |||||||||
Michael J. Gilfeather | | | | | 2/21/2020 | | | | | | 1,212 | | | | | | 56,455 | | |
| | | 2/19/2021 | | | | | | 2,024 | | | | | | 94,278 | | | ||
| | | 9/21/2021 | | | | | | 2,333 | | | | | | 108,671 | | | ||
| | | 2/15/2022 | | | | | | 3,218 | | | | | | 149,894 | | | ||
Joseph A. Ruhl | | | | | 2/21/2020 | | | | | | 528 | | | | | | 24,594 | | |
| | | 2/19/2021 | | | | | | 828 | | | | | | 38,568 | | | ||
| | | 9/21/2021 | | | | | | 1,333 | | | | | | 62,091 | | | ||
| | | 2/15/2022 | | | | | | 1,822 | | | | | | 84,869 | | | ||
Gregory Sousa | | | | | 2/21/2020 | | | | | | 339 | | | | | | 15,791 | | |
| | | 2/19/2021 | | | | | | 703 | | | | | | 32,746 | | | ||
| | | 9/21/2021 | | | | | | 1,333 | | | | | | 62,091 | | | ||
| | | 2/15/2022 | | | | | | 1,542 | | | | | | 71,826 | | |
Name | | | Fees Earned or Paid in Cash ($) | | | Stock Awards ($)(1) | | | All Other Compensation ($)(2) | | | Total ($) | | ||||||||||||
Louis Heimbach | | | | $ | 124,482 | | | | | | 85,000 | | | | | | ― | | | | | $ | 209,482 | | |
Gregory F. Holcombe | | | | $ | 72,486 | | | | | | 68,000 | | | | | | ― | | | | | $ | 140,486 | | |
Susan G. Metzger | | | | $ | 69,900 | | | | | | 68,000 | | | | | | ― | | | | | $ | 137,900 | | |
William D. Morrison | | | | $ | 72,486 | | | | | | 68,000 | | | | | | ― | | | | | $ | 140,486 | | |
Virginia K. Rizzo | | | | $ | 69,900 | | | | | | 68,000 | | | | | | ― | | | | | $ | 137,900 | | |
Jonathan F. Rouis | | | | $ | 72,486 | | | | | | 68,000 | | | | | | ― | | | | | $ | 140,486 | | |
Richard B. Rowley | | | | $ | 72,486 | | | | | | 68,000 | | | | | | ― | | | | | $ | 140,486 | | |
Terry R. Saturno | | | | $ | 69,900 | | | | | | 68,000 | | | | | | ― | | | | | $ | 137,900 | | |
Name | | | Fees Earned or Paid in Cash ($) | | | Stock Awards ($)(1) | | | Non-Qualified Deferred Comp(2) | | | All Other Compensation ($)(3) | | | Total ($) | | |||||||||||||||
Louis Heimbach | | | | $ | 101,448 | | | | | $ | 18,457 | | | | | $ | 40,062 | | | | | | ― | | | | | $ | 159,967 | | |
Gregory F. Holcombe | | | | $ | 79,604 | | | | | $ | 14,139 | | | | | $ | 5,088 | | | | | | ― | | | | | $ | 98,751 | | |
Kevin J. Keane | | | | $ | 71,940 | | | | | $ | 14,139 | | | | | | ― | | | | | | ― | | | | | $ | 86,079 | | |
Marianna R. Kennedy(4) | | | | $ | 17,985 | | | | | $ | 14,139 | | | | | | ― | | | | | | ― | | | | | $ | 32,124 | | |
Susan G. Metzger | | | | $ | 71,940 | | | | | $ | 14,139 | | | | | $ | 21,950 | | | | | | ― | | | | | $ | 108,029 | | |
William D. Morrison | | | | $ | 87,104 | | | | | $ | 18,457 | | | | | $ | 2,303 | | | | | | ― | | | | | $ | 107,864 | | |
Jonathan F. Rouis | | | | $ | 95,280 | | | | | $ | 14,139 | | | | | $ | 491 | | | | | | ― | | | | | $ | 109,910 | | |
Richard B. Rowley | | | | $ | 90,604 | | | | | $ | 18,457 | | | | | $ | 16,637 | | | | | | ― | | | | | $ | 125,698 | | |
Terry R. Saturno | | | | $ | 71,940 | | | | | $ | 14,139 | | | | | | ― | | | | | | ― | | | | | $ | 86,079 | | |
Virginia Rizzo(5) | | | | $ | 29,975 | | | | | | ― | | | | | | ― | | | | | | ― | | | | | $ | 29,975 | | |
Plan category | | | Number of securities to be issued upon exercise of outstanding, options, warrants, and rights (a) | | | Weighted-average exercise price of outstanding options, warrants, and rights (b) | | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) | | |||||||||
Equity compensation plans approved by security holders | | | | | — | | | | | | — | | | | | | 19,802 | | |
Equity compensation plans not approved by security holders | | | | | — | | | | | | — | | | | | | — | | |
| | Year ended December 31, 2021 | | Year Ended December 31, 2020 | | | Year ended December 31, 2022 | | Year Ended December 31, 2021 | | ||||||||||||||||
Audit Fees | | | $ | 479,948 | | | | $ | 455,000 | | | | | $ | 418,147 | | | | $ | 479,948 | | | ||||
Audit-Related Fees | | | $ | 115,000 | | | | | ― | | | | | $ | ― | | | | $ | 115,000 | | | ||||
Tax Fees | | | | ― | | | | | ― | | | | | | ― | | | | | ― | | | ||||
All Other Fees | | | | ― | | | | | ― | | | | | | ― | | | | | ― | | |