Companies Carver Bancorp Inc
Carver Bancorp (CARV): executive pay, fiscal 2025
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CEO pay, last three years
- $514,620FY2023
- $330,146FY2024
- $455,768FY2025
CEO total pay was $455,768 in fiscal 2025 (Donald Felix), up from $330,146 in fiscal 2024 (Michael Pugh, the CEO that year).
FY2025: salary $355,769 · bonus $0 · stock awards $99,999 · option awards $0
Executives and directors
Frequently asked questions
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.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Craig MacKay | $491,874 | $0 | $0 | $0 | $0 | $0 | $2,077 | $493,951 |
| Former Interim President and Chief Executive Officer (2) | ||||||||
| Donald Felix | 355,769 | 0 | 99,999 | 0 | 0 | 0 | 0 | 455,768 |
| President and Chief Executive Officer | ||||||||
| Marc Winkler | 304,595 | 0 | 0 | 0 | 0 | 0 | 12,184 | 316,779 |
| Senior Vice President and Chief Administrative Officer (4) | ||||||||
| Christina Maier | 276,870 | 0 | 0 | 0 | 0 | 0 | 10,487 | 287,357 |
| First Senior Vice President and Chief Financial Officer | ||||||||
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.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Craig MacKay | $493,951 | $211,499 | — | ↑ +282,452 |
| Donald Felix | 455,768 | — | — | — |
| Marc Winkler | 316,779 | 319,232 | — | ↓ −2,453 |
| Christina Maier | 287,357 | 289,186 | 298,906 | ↓ −1,829 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Carver's compensation program is designed to attract and retain qualified executives and align their interests with those of shareholders by providing a mix of base salary, annual performance-based cash bonuses, and long-term equity incentives that vest over time.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Christina Maier | RSU | 1,000 | — | $1,410 |
| Christina Maier | RSU | 4,000 | — | 5,640 |
| Marc Winkler | RSU | 4,000 | — | 5,640 |
| Donald Felix | RSU | 58,139 | — | 81,976 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Lewis P. Jones IIIIndependent · Board Chair | $78,000 | $0 | $0 | $0 | $0 | $78,000 |
| Pazel G. Jackson JrIndependent · Finance and Audit | 64,900 | 0 | 0 | 0 | 0 | 64,900 |
| Colvin W. GrannumIndependent · Finance and Audit (Chair) | 64,000 | 0 | 0 | 0 | 0 | 64,000 |
| Kenneth J. KnucklesIndependent · Finance and Audit | 51,200 | 0 | 0 | 0 | 0 | 51,200 |
| Robin L. NunnIndependent | 41,900 | 0 | 0 | 0 | 0 | 41,900 |
| Jillian E. JosephIndependent | 40,400 | 0 | 0 | 0 | 0 | 40,400 |
| Craig C. MacKayIndependent | 10,400 | 0 | 0 | 0 | 0 | 10,400 |
Board fee structure and ownership guideline
| Annual cash retainer | $20,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $1,000 |
| Committee chair fees (audit / comp / nom-gov) | 8,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $350,800 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $350,800 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Carver Bancorp as a peer
Companies that benchmark against CARV
No companies currently name CARV as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
Chief executive pay against the peer group
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 | Carver Bancorp Inc | 2025 | Donald Felix | $355,769 | $99,999 | $0 | $0 | $455,768 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-12-12 | 1,171,467 | 1,648,492 | 526,366 | 35.01% | Failed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2024 | 2024-12-12 | 35.01%a |
a. Approved under the standard stated in the filing — “Approval of this proposal requires the affirmative vote of the holders of a majority of the number of votes eligible to be cast by the holders of Voting Stock present, electronically, or by proxy, and entitled to vote at the Annual Meeting. Broker non-votes and proxies marked "Abstain" will have no effect on the outcome of this proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (15 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Craig MacKay. 10-K/A, filed 2025-07-29. Section “Executive Compensation” · page 7. As printed: 493,951. View filing ↗
- Section 01, Donald Felix. 10-K/A, filed 2025-07-29. Section “Executive Compensation” · page 7. As printed: 455,768. View filing ↗
- Section 01, Marc Winkler. 10-K/A, filed 2025-07-29. Section “Executive Compensation” · page 7. As printed: 316,779. View filing ↗
- Section 01, Christina Maier. 10-K/A, filed 2025-07-29. Section “Executive Compensation” · page 7. As printed: 287,357. View filing ↗
- Section 08, Lewis P. Jones III. DEF 14A, filed 2025-07-29. Section “Director Compensation”. As printed: 78,000. View filing ↗
- Section 08, Pazel G. Jackson Jr. DEF 14A, filed 2025-07-29. Section “Director Compensation”. As printed: 64,900. View filing ↗
- Section 08, Colvin W. Grannum. DEF 14A, filed 2025-07-29. Section “Director Compensation”. As printed: 64,000. View filing ↗
- Section 08, Kenneth J. Knuckles. DEF 14A, filed 2025-07-29. Section “Director Compensation”. As printed: 51,200. View filing ↗
- Section 08, Robin L. Nunn. DEF 14A, filed 2025-07-29. Section “Director Compensation”. As printed: 41,900. View filing ↗
- Section 08, Jillian E. Joseph. DEF 14A, filed 2025-07-29. Section “Director Compensation”. As printed: 40,400. View filing ↗
- Section 08, Craig C. MacKay. DEF 14A, filed 2025-07-29. Section “Director Compensation”. As printed: 10,400. View filing ↗
- Section 06, 2024 vote. Form 8-K. Item 5.07 · say-on-pay result. As reported: 35.01% (votes for as printed: 1,171,467). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 350,800 + equity 0 + all other 0 = 350,800, summed across the director compensation table rows.
- Carver Bancorp Inc (subject), Section 10b CEO total. 10-K/A, filed 2025-07-29. CEO total compensation as printed in Carver Bancorp Inc's own proxy. As printed: 455,768. View filing ↗