CEO Richard Wayne was paid $3,687,821 in fiscal year 2025, ↑ up 16.5% from fiscal year 2024: 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.
$3,687,821 ↑ Richard Wayne total, FY2025 | — 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 |
|---|---|---|---|---|---|---|---|---|
| Richard Wayne | $674,733 | $506,050 | $1,308,982 | $0 | $1,180,783 | $0 | $17,273 | $3,687,821 |
| President and Chief Executive Officer | ||||||||
| Patrick Dignan | 530,451 | 397,838 | 1,047,224 | 0 | 928,290 | 0 | 19,946 | 2,923,749 |
| Executive Vice President, Chief Operating Officer | ||||||||
| Richard Cohen | 355,250 | 250,000 | 327,245 | 0 | 0 | 0 | 17,451 | 949,946 |
| Chief Financial Officer | ||||||||
| Robert Banaski | 300,000 | 200,000 | 327,245 | 0 | 0 | 0 | 10,755 | 838,000 |
| Chief Retail Banking Officer | ||||||||
| Christine Downey | 300,000 | 175,000 | 327,245 | 0 | 0 | 0 | 17,886 | 820,131 |
| 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 | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Richard Wayne | $3,687,821 | $3,165,513 | $2,938,279 | ↑ +522,308 |
| Patrick Dignan | 2,923,749 | 2,511,595 | 2,328,419 | ↑ +412,154 |
| Richard Cohen | 949,946 | — | — | — |
| Robert Banaski | 838,000 | 762,000 | 697,610 | ↑ +76,000 |
| Christine Downey | 820,131 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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$3,687,821 Richard Wayne total, FY2025
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Data as of October 6, 2025 · Source: Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).
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Each company listed discloses NBN 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 NBN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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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 | FY2025 total |
|---|---|---|
| Christine Downey | Chief Risk Officer | $820,131 |
| Richard Cohen | CFO | $949,946 |
| Richard Wayne | CEO | $3,687,821 |
| Robert Banaski | Chief Retail Banking Officer | $838,000 |
| Patrick Dignan | COO | $2,923,749 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Cheryl Lynn Dorsey | Independent Director | $112,500 |
| David A. Tanner | Independent Director | $115,000 |
| John C. Orestis | Independent Director | $115,000 |
| Judith E. Wallingford | Independent Director | $117,500 |
| Matthew B. Botein | Chair of the Board | $177,500 |
| William Mayer | Independent Director | $107,500 |
No insider equity transactions reported since the proxy statement.
The Bank's executive compensation program reflects a variable pay-for-performance philosophy. The Compensation Committee selects metrics for the Bank's short-term and long-term incentive awards that are intended to incentivize our executives to increase Bank value for our stockholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | PricewaterhouseCoopers LLP |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Matthew B. BoteinIndependent · Board Chair · Compensation (Chair) · Risk Management · Loan and Investment | $117,500 | $60,000 | $0 | $0 | $0 | $177,500 |
| Judith E. WallingfordIndependent · Audit (Chair) · Compensation · Risk Management | 72,500 | 45,000 | 0 | 0 | 0 | 117,500 |
| David A. TannerIndependent · Compensation · Nominating/Governance · Risk Management · Loan and Investment | 70,000 | 45,000 | 0 | 0 | 0 | 115,000 |
| John C. OrestisIndependent · Audit · Nominating/Governance · Risk Management · Loan and Investment | 70,000 | 45,000 | 0 | 0 | 0 | 115,000 |
| Cheryl Lynn DorseyIndependent · Audit · Compensation · Nominating/Governance (Chair) | 67,500 | 45,000 | 0 | 0 | 0 | 112,500 |
| William MayerIndependent · Risk Management (Chair) | 62,500 | 45,000 | 0 | 0 | 0 | 107,500 |
| Richard WayneEmployee director · Loan and Investment (Chair) | 0 | 0 | 0 | — | 0 | 0 |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $460,000 |
| Equity awards (grant-date value) | $285,000 |
| All other compensation | $0 |
| Total cost of the board | $745,000 |
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 | Northeast Bank | 2025 | Richard Wayne | $674,733 | $1,308,982 | $0 | $1,180,783 | $3,687,821 |
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, Richard Wayne | DEF 14A | 2025-10-06 | — | Section “Executive Compensation”. As printed: 3,687,821. Filing ↗ |
| 2 | Section 01, Patrick Dignan | DEF 14A | 2025-10-06 | — | Section “Executive Compensation”. As printed: 2,923,749. Filing ↗ |
| 3 | Section 01, Richard Cohen | DEF 14A | 2025-10-06 | — | Section “Executive Compensation”. As printed: 949,946. Filing ↗ |
| 4 | Section 01, Robert Banaski | DEF 14A | 2025-10-06 | — | Section “Executive Compensation”. As printed: 838,000. Filing ↗ |
| 5 | Section 01, Christine Downey | DEF 14A | 2025-10-06 | — | Section “Executive Compensation”. As printed: 820,131. Filing ↗ |
| 6 | Section 08, Matthew B. Botein | DEF 14A | 2025-10-06 | — | Section “Director Compensation”. As printed: 177,500. Filing ↗ |
| 7 | Section 08, Judith E. Wallingford | DEF 14A | 2025-10-06 | — | Section “Director Compensation”. As printed: 117,500. Filing ↗ |
| 8 | Section 08, David A. Tanner | DEF 14A | 2025-10-06 | — | Section “Director Compensation”. As printed: 115,000. Filing ↗ |
| 9 | Section 08, John C. Orestis | DEF 14A | 2025-10-06 | — | Section “Director Compensation”. As printed: 115,000. Filing ↗ |
| 10 | Section 08, Cheryl Lynn Dorsey | DEF 14A | 2025-10-06 | — | Section “Director Compensation”. As printed: 112,500. Filing ↗ |
| 11 | Section 08, William Mayer | DEF 14A | 2025-10-06 | — | Section “Director Compensation”. As printed: 107,500. Filing ↗ |
| 12 | Section 08, Richard Wayne | DEF 14A | 2025-10-06 | — | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 13 | 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) |
| 14 | Section 09b board cost (computed) | Computed | — | — | Cash 460,000 + equity 285,000 + all other 0 = 745,000, summed across the director compensation table rows.machine: formula: Σ = 745,000 |
| 15 | Northeast Bank (subject), Section 10b CEO total | DEF 14A | 2025-10-06 | — | CEO total compensation as printed in Northeast Bank's own proxy. As printed: 3,687,821. Filing ↗ |
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