Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-28

Esquire Financial Holdings, Inc. (ESQ)

Fiscal year 2025 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.

$3,769,054
Andrew Sagliocca total, FY2025
82nd
CEO pay percentile vs peers
22:1
CEO-to-median pay ratio
97.36%
Say-on-pay support, latest vote
Companies that benchmark against ESQ
6 companies name ESQ as a compensation peer

Each company listed discloses ESQ 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 ESQ in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Andrew Sagliocca$825,000$0$1,501,283$0$1,275,000$0$167,771$3,769,054
Vice Chairman, Chief Executive Officer and President
Ari Kornhaber625,0000953,3520756,0000122,4432,456,795
Executive Vice President, Head of Corporate Development
Eric Bader625,0000751,7640609,0000123,0682,108,832
Executive Vice President and Chief Operating Officer
Martin Korn540,000340,000265,57580,00000106,3611,331,936
Executive Vice President, Chief Technology and Operations Officer
Michael Lacapria435,0000157,5390196,000015,387803,926
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Andrew Sagliocca$3,769,054$1,841,533$3,076,900+1,927,521
Ari Kornhaber2,456,7951,345,8532,018,516+1,110,942
Eric Bader2,108,8321,208,4561,790,346+900,376
Martin Korn1,331,936
Michael Lacapria803,926

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael LacapriaPSU2025-02-074569121,368$77,812
Eric BaderRSU2025-01-304,352380,451
Martin KornRSU2025-12-102,500265,575
Eric BaderPSU2025-02-072,1764,3526,528371,313
Andrew SaglioccaRSU2025-01-308,691759,767
Ari KornhaberPSU2025-02-072,7605,5198,279470,881
Michael LacapriaRSU2025-01-3091279,727
Andrew SaglioccaPSU2025-02-074,3468,69113,037741,516
Ari KornhaberRSU2025-01-305,519482,471
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Michael Lacapria$79,727$77,812$049.4%
Eric Bader380,451371,313049.4%
Martin Korn265,575000.0%
Andrew Sagliocca759,767741,516049.4%
Ari Kornhaber482,471470,881049.4%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Ari KornhaberPSU10,150$1,036,011
Martin KornPSU4,000408,280
Michael LacapriaPSU2,500255,175
Eric BaderPSU10,1501,036,011
Michael LacapriaPSU1,667170,151
Eric BaderPSU12,5001,275,875
Michael LacapriaPSU91293,088
Eric BaderPSU4,352444,209
Martin KornOption2,000106.23
Andrew SaglioccaPSU11,3341,156,861
Michael LacapriaPSU66768,081
Ari KornhaberPSU5,667578,431
Eric BaderPSU13,5001,377,945
Michael LacapriaOption83348.32
Ari KornhaberPSU12,5001,275,875
Andrew SaglioccaPSU25,0002,551,750
Andrew SaglioccaPSU27,0002,755,890
Andrew SaglioccaPSU20,3002,072,021
Ari KornhaberPSU15,0001,531,050
Ari KornhaberPSU5,519563,324
Andrew SaglioccaPSU8,691887,090
Michael LacapriaPSU3,500357,245
Eric BaderPSU5,667578,431
Martin KornPSU2,500255,175
Martin KornPSU2,750280,693
Martin KornOption1,33448.32
Martin KornOption1,73477.92
Martin KornPSU3,000306,210
Martin KornPSU2,167221,186
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's ability to attract and retain talented employees and executives with skills and experience is essential to providing value to its stockholders. The Company seeks to provide fair and competitive compensation to its employees by providing the type and amount of compensation consistent with our peers. We also seek to drive performance through aligning our executives interest with stockholders with appropriate equity awards.

CEO STI target (% of salary)115%
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-286,055,238164,33410,45997.36%Passed
20252025-05-296,351,399169,75142,08797.4%Passed
20242024-05-305,681,302424,255162,81493.05%Passed
20232023-05-253,347,4112,681,968103,84455.52%Passed

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 yearMeeting dateApproval — company's computation
20262026-05-2897.36%a
20252025-05-2997.4%b
20242024-05-3093.05%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

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.

07

CEO pay ratio

Ratio (CEO : median employee)22 : 1
CEO total compensation$3,769,054
Median employee compensation$173,214
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Anthony CoelhoIndependent · Board Chair · Audit · Compensation · Corporate Governance and Nominating · Not standing for re-election$198,500$195,038$0$0$0$393,538
Richard T. PowersIndependent · Audit (Chair) · Not standing for re-election95,75079,991000175,741
Selig ZisesIndependent · Loan (Chair) · Departed during FY80,00079,991000159,991
Joseph MelohnIndependent · Strategic (Chair) · Departed during FY78,00079,991000157,991
Robert J. MitzmanIndependent · Corporate Governance and Nominating (Chair) · Compensation75,75079,991000155,741
Kevin C. WaterhouseIndependent · Compensation (Chair) · Corporate Governance and Nominating71,50079,991000151,491
Rena NigamIndependent · Corporate Governance and Nominating68,75079,991000148,741
Raymond KellyIndependent · Compensation · Partial-year service · Newly elected68,00079,991000147,991
Todd DeutschIndependent · Audit · Compensation63,00079,991000142,991
Andrew C. SaglioccaEmployee director · Not standing for re-election00000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$80,024
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 12,000 / 10,000
Stock ownership guideline3x annual cash retainer ($150,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$799,250
Equity awards (grant-date value)$834,966
All other compensation$0
Total cost of the board$1,634,216

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Esquire Financial Holdings, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Esquire Financial Holdings, Inc..

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Metropolitan Bank Holding Corp.2025Mark DeFazio$1,000,000$2,549,972$0$1,200,000$4,784,685
2Esquire Financial Holdings, Inc.2025Andrew Sagliocca825,0001,501,28301,275,0003,769,054
3Northeast Bank2025Richard Wayne674,7331,308,98201,180,7833,687,821
4Medallion Financial Corp.2024Alvin Murstein926,324398,31901,154,7502,594,638
5Cass Information Systems, Inc.2025Martin Resch683,675860,6260453,7002,046,984
6Coastal Financial Corporation2025Eric Sprink874,000375,0690382,5181,693,201
7Meridian Corporation2025Christopher Annas622,000264,000001,677,997
8Community West Bancshares2025James Kim616,346192,5120333,7501,264,784
9Cantaloupe, Inc.2025Ravi Venkatesan450,000172,23800957,707
10Richmond Mutual Bancorporation, Inc.2024Garry Kleer490,385000728,330
11First Business Financial Services, Inc.2025James Hartlieb315,000110,9850147,195620,487
12Provident Bancorp, Inc.2024Joseph Reilly472,750000588,787

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Esquire Financial Holdings, Inc.134%RSU 50 · PSU 50NoFrederic W. Cook & Co., Inc.
Cantaloupe, Inc.71.8%RSU 100not disclosedAon Human Capital Solutions (McLagan)
Cass Information Systems, Inc.not disclosedPSU 60 · RSU 40NoPay Governance
Coastal Financial Corporationnot disclosedRSU 50NoPearl Meyer
Community West Bancshares100%RSU 100not disclosedPearl Meyer & Partners
First Business Financial Services, Inc.134%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)McLagan
Medallion Financial Corp.143.28%RSU 50 · PSU 50NoMeridian
Meridian Corporation130%RSU 100not disclosednot disclosed
Metropolitan Bank Holding Corp.not disclosednot disclosedNoFrederic W. Cook & Co., Inc.
Northeast Banknot disclosedRestricted Stock (time-based) 50 · Restricted Stock (performance-based) 50not disclosedPricewaterhouseCoopers LLP
Provident Bancorp, Inc.45%not disclosednot disclosedPearl Meyer
Richmond Mutual Bancorporation, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Andrew SaglioccaDEF 14A2026-04-300001104659-26-052225Section “Summary Compensation Table”. As printed: 3,769,054. Filing ↗machine: t86 · r3 · c17 · span 407036–407045
2Section 01, Ari KornhaberDEF 14A2026-04-300001104659-26-052225Section “Summary Compensation Table”. As printed: 2,456,795. Filing ↗machine: t86 · r9 · c17 · span 438198–438207
3Section 01, Eric BaderDEF 14A2026-04-300001104659-26-052225Section “Summary Compensation Table”. As printed: 2,108,832. Filing ↗machine: t86 · r12 · c17 · span 453769–453778
4Section 01, Martin KornDEF 14A2026-04-300001104659-26-052225Section “Summary Compensation Table”. As printed: 1,331,936. Filing ↗machine: t86 · r15 · c17 · span 469738–469747
5Section 01, Michael LacapriaDEF 14A2026-04-300001104659-26-052225Section “Summary Compensation Table”. As printed: 803,926. Filing ↗machine: t86 · r6 · c17 · span 422662–422669
6Section 03, Michael Lacapria PSUDEF 14A2026-04-300001104659-26-052225Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t97 · r9 · c17 · span 564459–564465
7Section 03, Eric Bader RSUDEF 14A2026-04-300001104659-26-052225Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t97 · r14 · c17 · span 587959–587966
8Section 03, Martin Korn RSUDEF 14A2026-04-300001104659-26-052225Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t97 · r17 · c17 · span 602084–602091
9Section 03, Eric Bader PSUDEF 14A2026-04-300001104659-26-052225Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t97 · r15 · c17 · span 592833–592840
10Section 03, Andrew Sagliocca RSUDEF 14A2026-04-300001104659-26-052225Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t97 · r5 · c17 · span 545232–545239
11Section 03, Ari Kornhaber PSUDEF 14A2026-04-300001104659-26-052225Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t97 · r12 · c17 · span 578818–578825
12Section 03, Michael Lacapria RSUDEF 14A2026-04-300001104659-26-052225Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t97 · r8 · c17 · span 559590–559596
13Section 03, Andrew Sagliocca PSUDEF 14A2026-04-300001104659-26-052225Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t97 · r6 · c17 · span 550449–550456
14Section 03, Ari Kornhaber RSUDEF 14A2026-04-300001104659-26-052225Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t97 · r11 · c17 · span 573602–573609
15Section 07, pay ratioDEF 14A2026-04-300001104659-26-052225Section “CEO Pay Ratio”. As printed: 22 : 1. Filing ↗
16Section 08, Anthony CoelhoDEF 14A2026-04-300001104659-26-052225Section “Director Compensation”. As printed: 393,538. Filing ↗machine: t135 · r2 · c8 · span 1085141–1085148
17Section 08, Richard T. PowersDEF 14A2026-04-300001104659-26-052225Section “Director Compensation”. As printed: 175,741. Filing ↗machine: t135 · r8 · c8 · span 1098473–1098480
18Section 08, Selig ZisesDEF 14A2026-04-300001104659-26-052225Section “Director Compensation”. As printed: 159,991. Filing ↗machine: t135 · r10 · c8 · span 1102847–1102854
19Section 08, Joseph MelohnDEF 14A2026-04-300001104659-26-052225Section “Director Compensation”. As printed: 157,991. Filing ↗machine: t135 · r5 · c8 · span 1091847–1091854
20Section 08, Robert J. MitzmanDEF 14A2026-04-300001104659-26-052225Section “Director Compensation”. As printed: 155,741. Filing ↗machine: t135 · r6 · c8 · span 1094079–1094086
21Section 08, Kevin C. WaterhouseDEF 14A2026-04-300001104659-26-052225Section “Director Compensation”. As printed: 151,491. Filing ↗machine: t135 · r9 · c8 · span 1100536–1100543
22Section 08, Rena NigamDEF 14A2026-04-300001104659-26-052225Section “Director Compensation”. As printed: 148,741. Filing ↗machine: t135 · r7 · c8 · span 1096133–1096140
23Section 08, Raymond KellyDEF 14A2026-04-300001104659-26-052225Section “Director Compensation”. As printed: 147,991. Filing ↗machine: t135 · r4 · c8 · span 1089705–1089712
24Section 08, Todd DeutschDEF 14A2026-04-300001104659-26-052225Section “Director Compensation”. As printed: 142,991. Filing ↗machine: t135 · r3 · c8 · span 1087337–1087344
25Section 08, Andrew C. SaglioccaDEF 14A2026-04-300001104659-26-052225Section “Director Compensation”. As printed: 0. Filing ↗
26Section 06, 2026 voteForm 8-K2026-05-280000943374-26-000216Item 5.07 · say-on-pay result. As reported: 97.36% (votes for as printed: 6,055,238). Filing ↗
27Section 06, 2025 voteForm 8-K2025-05-290000943374-25-000244Item 5.07 · say-on-pay result. As reported: 97.4% (votes for as printed: 6,351,399). Filing ↗
28Section 06, 2024 voteForm 8-K2024-05-300000943374-24-000223Item 5.07 · say-on-pay result. As reported: 93.05% (votes for as printed: 5,681,302). Filing ↗
29Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
30Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
31Section 09b board cost (computed)ComputedcomputedCash 799,250 + equity 834,966 + all other 0 = 1,634,216, summed across the director compensation table rows.machine: formula: Σ = 1,634,216
32Metropolitan Bank Holding Corp., Section 10b CEO totalDEF 14A2026-03-200001104659-26-032365CEO total compensation as printed in Metropolitan Bank Holding Corp.'s own proxy. As printed: 4,784,685. Filing ↗machine: r1 · c36 · span 1579768–1579777
33Esquire Financial Holdings, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-300001104659-26-052225CEO total compensation as printed in Esquire Financial Holdings, Inc.'s own proxy. As printed: 3,769,054. Filing ↗machine: t86 · r3 · c17 · span 407036–407045
34Northeast Bank, Section 10b CEO totalDEF 14A2025-10-06CEO total compensation as printed in Northeast Bank's own proxy. As printed: 3,687,821. Filing ↗
35Medallion Financial Corp., Section 10b CEO totalDEF 14A2025-04-300000950170-25-061067CEO total compensation as printed in Medallion Financial Corp.'s own proxy. As printed: 2,594,638. Filing ↗machine: span 1126216–1126225
36Cass Information Systems, Inc., Section 10b CEO totalDEF 14A2026-03-060000708781-26-000013CEO total compensation as printed in Cass Information Systems, Inc.'s own proxy. As printed: 2,046,984. Filing ↗machine: r2 · c21 · span 469313–469322
37Coastal Financial Corporation, Section 10b CEO totalDEF 14A2026-04-130001437958-26-000023CEO total compensation as printed in Coastal Financial Corporation's own proxy. As printed: 1,693,201. Filing ↗machine: t61 · r2 · c21 · span 467985–467994
38Meridian Corporation, Section 10b CEO totalDEF 14A2026-04-060001750735-26-000027CEO total compensation as printed in Meridian Corporation's own proxy. As printed: 1,677,997. Filing ↗machine: t18 · r2 · c16 · span 375734–375743
39Community West Bancshares, Section 10b CEO totalDEF 14A2026-04-100001628280-26-024768CEO total compensation as printed in Community West Bancshares's own proxy. As printed: 1,264,784. Filing ↗machine: span 467984–467993
40Cantaloupe, Inc., Section 10b CEO totalDEF 14A2025-10-100001628280-25-044777CEO total compensation as printed in Cantaloupe, Inc.'s own proxy. As printed: 957,707. Filing ↗machine: span 849423–849430
41Richmond Mutual Bancorporation, Inc., Section 10b CEO totalDEF 14A2025-04-160001140361-25-014130CEO total compensation as printed in Richmond Mutual Bancorporation, Inc.'s own proxy. As printed: 728,330. Filing ↗machine: t62 · r2 · c21 · span 228279–228286
42First Business Financial Services, Inc., Section 10b CEO totalDEF 14A2026-03-050001193125-26-092613CEO total compensation as printed in First Business Financial Services, Inc.'s own proxy. As printed: 620,487. Filing ↗machine: r14 · c16 · span 1114517–1114525
43Provident Bancorp, Inc., Section 10b CEO totalDEF 14A2025-04-150001437749-25-012035CEO total compensation as printed in Provident Bancorp, Inc.'s own proxy. As printed: 588,787. Filing ↗machine: r3 · c29 · span 308336–308343
44Section 10a, Community West Bancshares reciprocityDEF 14A0001628280-26-024768Community West Bancshares's most recent proxy was read; its disclosed peer group does not include Esquire Financial Holdings, Inc.. Filing ↗
45Section 10a, Cass Information Systems, Inc. reciprocityDEF 14A0000708781-26-000013Cass Information Systems, Inc. names Esquire Financial Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, Provident Bancorp, Inc. reciprocityDEF 14A0001437749-25-012035Provident Bancorp, Inc. names Esquire Financial Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, First Business Financial Services, Inc. reciprocityDEF 14A0001193125-26-092613First Business Financial Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Esquire Financial Holdings, Inc.. Filing ↗
48Section 10a, Coastal Financial Corporation reciprocityDEF 14A0001437958-26-000023Coastal Financial Corporation names Esquire Financial Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, Cantaloupe, Inc. reciprocityDEF 14A0001628280-25-044777Cantaloupe, Inc.'s most recent proxy was read; its disclosed peer group does not include Esquire Financial Holdings, Inc.. Filing ↗
50Section 10a, Metropolitan Bank Holding Corp. reciprocityDEF 14A0001104659-26-032365Metropolitan Bank Holding Corp.'s most recent proxy was read; its disclosed peer group does not include Esquire Financial Holdings, Inc.. Filing ↗
51Section 10a, Medallion Financial Corp. reciprocityDEF 14A0000950170-25-061067Medallion Financial Corp.'s most recent proxy was read; its disclosed peer group does not include Esquire Financial Holdings, Inc.. Filing ↗