Companies Magyar Bancorp, Inc.
Magyar Bancorp (MGYR): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Email me Magyar Bancorp, Inc.’s executive pay brief as a PDF
It arrives in about 2 minutes, with every figure cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO pay, last three years
- $1,250,454FY2024
- $1,353,184FY2025
CEO total pay was $1,353,184 in fiscal 2025, up from $1,250,454 in fiscal 2024.
FY2025: salary $578,000 · bonus $129,000 · stock awards $0 · option awards $0
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 |
|---|---|---|---|---|---|---|---|---|
| John Fitzgerald | $578,000 | $129,000 | $0 | $0 | $351,000 | $0 | $295,184 | $1,353,184 |
| President and Chief Executive Officer | ||||||||
| Jon Ansari | 425,000 | 62,000 | 0 | 0 | 258,000 | 0 | 131,329 | 876,329 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Peter Brown | 246,175 | 90,000 | — | — | — | — | 29,112 | 365,827 |
| Senior Vice President and Chief Lending 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 |
|---|---|---|---|---|
| John Fitzgerald | $1,353,184 | $1,250,454 | — | ↑ +102,730 |
| Jon Ansari | 876,329 | 805,678 | — | ↑ +70,651 |
| Peter Brown | 365,827 | 346,370 | — | ↑ +19,457 |
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
The Company's philosophy is to align executive compensation with the interests of its stockholders, attract and retain an experienced management team, and reward the enhancement of stockholder value based on annual earnings performance and market price, while maintaining competitive levels with peer financial institutions.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | false |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
No outstanding equity awards are on file for this fiscal year.
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Thomas LankeyIndependent · Nominating and Corporate Governance · Audit · Compensation · Executive | $125,320 | $0 | $0 | — | $0 | $136,256 |
| Andrew G. HodulikIndependent · Nominating and Corporate Governance Committee · Audit Committee · Compensation Committee · Executive Committee | 89,890 | 0 | 0 | — | 0 | 112,738 |
| Joseph A. YelencsicsIndependent · Nominating and Corporate Governance · Audit · Compensation · Executive | 79,230 | 0 | 0 | — | 0 | 79,230 |
| Maureen RuaneNominating and Corporate Governance | 67,910 | 0 | 0 | — | 0 | 67,910 |
| Susan EisenhauerIndependent · Audit | 66,460 | 0 | 0 | — | 0 | 66,460 |
| Michael R. LombardiNominating and Corporate Governance | 64,760 | 0 | 0 | — | 0 | 64,760 |
Board fee structure and ownership guideline
| Annual cash retainer | $16,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $493,570 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $493,570 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Magyar Bancorp as a peer
Companies that benchmark against MGYR
1 company names MGYR as a compensation peer
- Provident Bancorp, Inc.PVBCFY2024
Each company listed discloses MGYR 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 MGYR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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 | Magyar Bancorp, Inc. | 2025 | John Fitzgerald | $578,000 | $0 | $0 | $351,000 | $1,353,184 |
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
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (12 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, John Fitzgerald. DEF 14A, filed 2025-12-30. Section “Executive Compensation”. As printed: 1,353,184. View filing ↗
- Section 01, Jon Ansari. DEF 14A, filed 2025-12-30. Section “Executive Compensation”. As printed: 876,329. View filing ↗
- Section 01, Peter Brown. DEF 14A, filed 2025-12-30. Section “Executive Compensation”. As printed: 365,827. View filing ↗
- Section 08, Thomas Lankey. DEF 14A, filed 2025-12-30. Section “Director Compensation”. As printed: 136,256. View filing ↗
- Section 08, Andrew G. Hodulik. DEF 14A, filed 2025-12-30. Section “Director Compensation”. As printed: 112,738. View filing ↗
- Section 08, Joseph A. Yelencsics. DEF 14A, filed 2025-12-30. Section “Director Compensation”. As printed: 79,230. View filing ↗
- Section 08, Maureen Ruane. DEF 14A, filed 2025-12-30. Section “Director Compensation”. As printed: 67,910. View filing ↗
- Section 08, Susan Eisenhauer. DEF 14A, filed 2025-12-30. Section “Director Compensation”. As printed: 66,460. View filing ↗
- Section 08, Michael R. Lombardi. DEF 14A, filed 2025-12-30. Section “Director Compensation”. As printed: 64,760. 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 493,570 + equity 0 + all other 0 = 493,570, summed across the director compensation table rows.
- Magyar Bancorp, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2025-12-30. CEO total compensation as printed in Magyar Bancorp, Inc.'s own proxy. As printed: 1,353,184. View filing ↗