CEO F. Morgan Gasior was paid $608,919 in fiscal year 2024, ↓ down 0.7% from fiscal year 2023 (SEC filing 0001437749-25-020454 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
$608,919 ↓ F. Morgan Gasior total, FY2024 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | — Say-on-pay support, latest vote |
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| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| F. Morgan Gasior | $504,422 | $0 | $0 | $0 | $40,367 | $0 | $64,130 | $608,919 |
| Chairman of the Board, Chief Executive Officer and President | ||||||||
| Paul Cloutier | 330,938 | 0 | 0 | 0 | 34,478 | 0 | 33,377 | 398,793 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Gregg Adams | 277,435 | 27,000 | 0 | 0 | 2,255 | 0 | 20,223 | 326,913 |
| Marketing & Sales President | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| F. Morgan Gasior | $608,919 | $613,446 | — | ↓ −4,527 |
| Paul Cloutier | 398,793 | 400,840 | — | ↓ −2,047 |
| Gregg Adams | 326,913 | 327,016 | — | ↓ −103 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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Each company listed discloses BFIN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BFIN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.
| Executive | Role | FY2024 total |
|---|---|---|
| F. Morgan Gasior | CEO | $608,919 |
| Gregg Adams | President | $326,913 |
| Paul Cloutier | CFO | $398,793 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2024 total |
|---|---|---|
| Aaron J. O'Connor | Independent Director | $52,500 |
| Benjamin Mackovak | Director | $16,500 |
| Cassandra J. Francis | Director | $54,000 |
| Debra R. Zukonik | Independent Director | $18,000 |
| Glen R. Wherfel | Director | $58,800 |
| John M. Hausmann | Independent Director | $60,000 |
| Terry R. Wells | Director | $58,800 |
No insider equity transactions reported since the proxy statement.
The Board of Directors believes that the Company's compensation policies and procedures appropriately encourage a culture of pay for performance, serve to attract and retain experienced, highly qualified executives who are critical to the Company's long-term success, and align the compensation of the Named Executive Officers with the long-term interests of the Company and its stockholders.
| CEO STI target (% of salary) | 50% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Cook & Co. |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John M. HausmannIndependent · Audit (Chair) · Corporate Governance and Nominating · Audit Committee (Chair) | $60,000 | $0 | $0 | — | $0 | $60,000 |
| Glen R. WherfelAudit · Human Resources · Not standing for re-election | 58,800 | 0 | 0 | — | 0 | 58,800 |
| Terry R. WellsAudit · Corporate Governance and Nominating (Chair) · Human Resources · Community & Environmental · Corporate Governance and Nominating Committee (Chair) | 58,800 | 0 | 0 | — | 0 | 58,800 |
| Cassandra J. FrancisExecutive · Corporate Governance and Nominating (Chair) · Human Resources | 54,000 | 0 | 0 | — | 0 | 54,000 |
| Aaron J. O'ConnorIndependent · Audit · Corporate Governance and Nominating · Newly elected | 52,500 | 0 | 0 | — | 0 | 52,500 |
| Debra R. ZukonikIndependent · Corporate Governance and Nominating · Human Resources · Community & Environmental | 18,000 | 0 | 0 | — | 0 | 18,000 |
| Benjamin MackovakCorporate Governance and Nominating · Community & Environmental · Newly elected | 16,500 | 0 | 0 | — | 0 | 16,500 |
| F. Morgan GasiorEmployee director · Board Chair · Executive (Chair) · Executive Committee (Chair) | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $18,000 |
|---|---|
| Annual equity retainer | $0 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 6,000 |
| Stock ownership guideline | — |
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $318,600 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $318,600 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | BankFinancial | 2024 | F. Morgan Gasior | $504,422 | $0 | $0 | $40,367 | $608,919 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, F. Morgan Gasior | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Summary Compensation Table” · page 23. As printed: 608,919. Filing ↗machine: t39 · r1 · c21 · span 399499–399506 |
| 2 | Section 01, Paul Cloutier | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Summary Compensation Table” · page 23. As printed: 398,793. Filing ↗machine: t39 · r3 · c21 · span 406232–406239 |
| 3 | Section 01, Gregg Adams | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Summary Compensation Table” · page 23. As printed: 326,913. Filing ↗machine: t39 · r5 · c21 · span 413208–413215 |
| 4 | Section 08, John M. Hausmann | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Director Compensation”. As printed: 60,000. Filing ↗machine: t49 · r2 · c3 · span 526720–526726 |
| 5 | Section 08, Glen R. Wherfel | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Director Compensation”. As printed: 58,800. Filing ↗machine: t49 · r6 · c3 · span 534243–534249 |
| 6 | Section 08, Terry R. Wells | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Director Compensation”. As printed: 58,800. Filing ↗machine: t49 · r5 · c3 · span 532358–532364 |
| 7 | Section 08, Cassandra J. Francis | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Director Compensation”. As printed: 54,000. Filing ↗machine: t49 · r1 · c3 · span 524838–524844 |
| 8 | Section 08, Aaron J. O'Connor | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Director Compensation”. As printed: 52,500. Filing ↗machine: t49 · r4 · c3 · span 530486–530492 |
| 9 | Section 08, Debra R. Zukonik | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Director Compensation”. As printed: 18,000. Filing ↗machine: t49 · r7 · c3 · span 536156–536162 |
| 10 | Section 08, Benjamin Mackovak | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Director Compensation”. As printed: 16,500. Filing ↗machine: t49 · r3 · c3 · span 528599–528605 |
| 11 | Section 08, F. Morgan Gasior | DEF 14A | 2025-06-16 | 0001437749-25-020454 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 12 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 13 | Section 09b board cost (computed) | Computed | — | — | Cash 318,600 + equity 0 + all other 0 = 318,600, summed across the director compensation table rows.machine: formula: Σ = 318,600 |
| 14 | BankFinancial (subject), Section 10b CEO total | DEF 14A | 2025-06-16 | 0001437749-25-020454 | CEO total compensation as printed in BankFinancial's own proxy. As printed: 608,919. Filing ↗machine: t39 · r1 · c21 · span 399499–399506 |
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