Fiscal year 2023 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.
Each company listed discloses ESSA 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 ESSA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Gary Olson | $560,827 | $100,000 | $387,552 | $0 | $72,120 | $0 | $0 | $1,120,499 |
| President and Chief Executive Officer | ||||||||
| Peter Gray | 325,650 | 50,000 | 199,918 | 0 | 50,547 | 0 | 0 | 626,115 |
| Senior Executive Vice President and Chief Operating Officer | ||||||||
| Charles Hangen | 279,724 | 50,000 | 179,904 | 0 | 54,403 | 0 | 0 | 564,031 |
| Executive Vice President, Chief Risk 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.
| Named executive officer | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| Gary Olson | $1,120,499 | — | — | — |
| Peter Gray | 626,115 | — | — | — |
| Charles Hangen | 564,031 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Gary Olson | PRSU | — | — | — | — | — | $387,552 |
| Peter Gray | PRSU | — | — | — | — | — | 199,918 |
| Charles Hangen | PRSU | — | — | — | — | — | 179,904 |
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Gary Olson | RSU | 3,868 | — | $58,055 |
| Gary Olson | RSU | 1,934 | — | 29,033 |
| Gary Olson | RSU | 1,020 | — | 15,318 |
| Charles Hangen | RSU | 1,503 | — | 22,553 |
| Charles Hangen | RSU | 1,934 | — | 29,033 |
| Gary Olson | RSU | 1,503 | — | 22,553 |
| Charles Hangen | RSU | 1,020 | — | 15,318 |
| Gary Olson | RSU | 3,005 | — | 45,105 |
| Gary Olson | RSU | 2,041 | — | 30,635 |
To support these objectives, our total compensation (sum of base salary, annual incentive, long-term incentives) and benefits package for our NEOs are generally positioned around median competitive levels for commensurate performance, taking into account the relative responsibilities of our NEOs. Actual total compensation in any given year may be above or below the target level and market median, based on individual and corporate performance.
| CEO STI target (% of salary) | 50% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Herbein HR Consulting (formerly Mosteller & Associates) |
| Clawback policy | True |
| Anti-hedging | true |
| Anti-pledging | True |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Robert C. Selig, JrIndependent · Board Chair · Nominating/Governance | $78,000 | $25,000 | $0 | $0 | $360 | $103,360 |
| Joseph S. DurkinIndependent · Audit (Chair) · Nominating/Governance | 43,500 | 25,000 | 0 | 0 | 203 | 68,703 |
| Daniel J. HenningIndependent · Nominating/Governance (Chair) | 40,750 | 25,000 | 0 | 0 | 312 | 66,062 |
| Elizabeth B. WeekesIndependent · Compensation (Chair) · Nominating/Governance | 40,000 | 25,000 | 0 | 0 | 264 | 65,264 |
| Christine D. GordonIndependent · Audit | 40,000 | 25,000 | 0 | 0 | 203 | 65,203 |
| Philip H. Hosbach IVIndependent · Compensation · Nominating/Governance | 37,500 | 25,000 | 0 | 0 | 203 | 62,703 |
| Carolyn P. StennettIndependent · Compensation | 37,000 | 25,000 | 0 | 0 | 203 | 62,203 |
| Tina Q. RichardsonIndependent · Audit | 36,000 | 25,000 | 0 | 0 | 203 | 61,203 |
| Gary S. OlsonEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $24,000 |
|---|---|
| Annual equity retainer | $25,000 |
| Per board meeting fee | $1,000 |
| Committee chair fees (audit / comp / nom-gov) | 28,000 / 24,000 / 26,000 |
| Stock ownership guideline | 1.5x annual retainer |
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $352,750 |
| Equity awards (grant-date value) | $200,000 |
| All other compensation | $1,951 |
| Total cost of the board | $554,701 |
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 | ESSA Bancorp | 2023 | Gary Olson | $560,827 | $387,552 | $0 | $72,120 | $1,120,499 |
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.
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, Gary Olson | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Summary Compensation Table” · page 18. As printed: 1,120,499. Filing ↗machine: t102 · r3 · c31 · span 251283–251292 |
| 2 | Section 01, Peter Gray | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Summary Compensation Table” · page 18. As printed: 626,115. Filing ↗machine: t102 · r4 · c31 · span 255778–255785 |
| 3 | Section 01, Charles Hangen | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Summary Compensation Table” · page 18. As printed: 564,031. Filing ↗machine: t102 · r5 · c31 · span 260276–260283 |
| 4 | Section 03, Gary Olson PRSU | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDSVOTE &” · grants of plan-based awards table. Filing ↗machine: t102 · r3 · c19 · span 249731–249738 |
| 5 | Section 03, Peter Gray PRSU | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDSVOTE &” · grants of plan-based awards table. Filing ↗machine: t102 · r4 · c19 · span 254226–254233 |
| 6 | Section 03, Charles Hangen PRSU | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDSVOTE &” · grants of plan-based awards table. Filing ↗machine: t102 · r5 · c19 · span 258724–258731 |
| 7 | Section 08, Robert C. Selig, Jr | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Director Compensation”. As printed: 103,360. Filing ↗machine: t112 · r4 · c15 · span 309190–309197 |
| 8 | Section 08, Joseph S. Durkin | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Director Compensation”. As printed: 68,703. Filing ↗machine: t112 · r6 · c15 · span 311089–311095 |
| 9 | Section 08, Daniel J. Henning | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Director Compensation”. As printed: 66,062. Filing ↗machine: t112 · r2 · c15 · span 307289–307295 |
| 10 | Section 08, Elizabeth B. Weekes | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Director Compensation”. As printed: 65,264. Filing ↗machine: t112 · r3 · c15 · span 308230–308236 |
| 11 | Section 08, Christine D. Gordon | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Director Compensation”. As printed: 65,203. Filing ↗machine: t112 · r7 · c15 · span 312030–312036 |
| 12 | Section 08, Philip H. Hosbach IV | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Director Compensation”. As printed: 62,703. Filing ↗machine: t112 · r5 · c15 · span 310133–310139 |
| 13 | Section 08, Carolyn P. Stennett | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Director Compensation”. As printed: 62,203. Filing ↗machine: t112 · r8 · c15 · span 312989–312995 |
| 14 | Section 08, Tina Q. Richardson | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Director Compensation”. As printed: 61,203. Filing ↗machine: t112 · r9 · c15 · span 313929–313935 |
| 15 | Section 08, Gary S. Olson | DEF 14A | 2024-01-25 | 0001193125-24-015377 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 09b board cost (computed) | Computed | — | computed | Cash 352,750 + equity 200,000 + all other 1,951 = 554,701, summed across the director compensation table rows.machine: formula: Σ = 554,701 |
| 17 | ESSA Bancorp (subject), Section 10b CEO total | DEF 14A | 2024-01-25 | 0001193125-24-015377 | CEO total compensation as printed in ESSA Bancorp's own proxy. As printed: 1,120,499. Filing ↗machine: t102 · r3 · c31 · span 251283–251292 |