Companies NorthEast Community Bancorp, Inc.
NorthEast Community Bancorp (NECB): executive pay, fiscal 2025
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CEO pay, last three years
- $909,505FY2023
- $1,259,679FY2025
CEO total pay was $1,259,679 in fiscal 2025, up from $909,505 in fiscal 2023.
FY2025: salary $670,000 · bonus $0 · stock awards $0 · 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 |
|---|---|---|---|---|---|---|---|---|
| Kenneth Martinek | $670,000 | $0 | $0 | $0 | $463,213 | $0 | $126,466 | $1,259,679 |
| Chairman and Chief Executive Officer | ||||||||
| Jose Collazo | 556,000 | 0 | 0 | 0 | 384,398 | 0 | 104,425 | 1,044,823 |
| President and Chief Operating Officer | ||||||||
| Donald Hom | 360,000 | — | — | — | 177,779 | 0 | 66,553 | 604,332 |
| Executive 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 |
|---|---|---|---|---|
| Kenneth Martinek | $1,259,679 | $1,145,500 | $909,505 | ↑ +114,179 |
| Jose Collazo | 1,044,823 | 897,724 | 660,053 | ↑ +147,099 |
| Donald Hom | 604,332 | 587,370 | 478,648 | ↑ +16,962 |
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 compensation philosophy is designed to align the interests of our officers with the overall performance of the Company, including our named executive officers. These incentive award opportunities and performance metrics under the 2025 Annual Incentive Plan are in line with the Company's compensation philosophy of paying market competitive compensation in line with each executive's roles and responsibilities at the Company and the Bank and aligning pay with performance.
| CEO STI target (% of salary) | 35% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | True |
| Anti-hedging | — |
| Anti-pledging | False |
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 |
|---|---|---|---|---|
| Donald Hom | RSU | 13,307 | — | $300,871 |
| Jose Collazo | RSU | 21,916 | — | 495,520 |
| Donald Hom | Option | 33,265 | 14.08 | — |
| Martinek | RSU | 34,440 | — | 778,688 |
| Jose Collazo | Option | 54,790 | 14.08 | — |
| Martinek | Option | 86,100 | 14.08 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Linda M. SwanIndependent · Departed during FY | $53,300 | $0 | $0 | $0 | $34,878 | $88,178 |
| Charles M. CirilloIndependent · Audit (Chair) · Nominating/Corporate Governance | 74,300 | 0 | 0 | 0 | 4,671 | 78,971 |
| Diane B. CavanaughIndependent · Compensation (Chair) · Nominating/Corporate Governance | 62,300 | 0 | 0 | 0 | 4,671 | 66,971 |
| Kenneth H. ThomasIndependent · Nominating/Corporate Governance (Chair) | 60,300 | 0 | 0 | 0 | 4,671 | 64,971 |
| Eugene M. MagierIndependent · Audit · Compensation | 59,300 | 0 | 0 | 0 | 4,671 | 63,971 |
| John F. McKenzieIndependent · Audit · Compensation | 59,300 | 0 | 0 | 0 | 4,671 | 63,971 |
| Joel L. MorgenthauIndependent | 54,300 | 0 | 0 | 0 | — | 54,300 |
| Lynette W. BennettIndependent · Newly elected | 0 | 0 | 0 | 0 | 0 | 0 |
| Charles A. MartinekEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Jose M. CollazoEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Kenneth A. MartinekEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $25,500 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 4,000 / 4,000 / 4,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $423,100 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $58,233 |
| Total cost of the board | $481,333 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names NorthEast Community Bancorp as a peer
Companies that benchmark against NECB
2 companies name NECB as a compensation peer
- QNB CORP.QNBCFY2025
- UNITY BANCORP INC /NJ/UNTYFY2025
Each company listed discloses NECB 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 NECB 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 | NorthEast Community Bancorp, Inc. | 2025 | Kenneth Martinek | $670,000 | $0 | $0 | $463,213 | $1,259,679 |
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 |
|---|---|---|---|---|---|---|
| 2022 | 2022-09-29 | — | — | — | — | — |
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 |
|---|---|---|
| 2022 | 2022-09-29 | —a |
a. 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.
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Eugene M. Magier | Director | 2026-07-15 | D | 9,608 | $0 | $0 | Common | Form 4 ↗ |
| Eugene M. Magier | Director | 2026-07-15 | D | 3,546 | 0 | 0 | Common | Form 4 ↗ |
| Donald Hom | EVP and CFO | 2026-07-29 | D | 3,000 | 27 | 81,593 | Common | Form 4 ↗ |
| John F. McKenzie | Director | 2026-11-02 | D | 9,700 | 29 | 284,113 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (23 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, Kenneth Martinek. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 24. As printed: 1,259,679. View filing ↗
- Section 01, Jose Collazo. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table”. As printed: 1,044,823. View filing ↗
- Section 01, Donald Hom. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table”. As printed: 604,332. View filing ↗
- Section 07, pay ratio. 10-K, filed 2026-03-13. Section “CEO Pay Ratio”. As printed: —. View filing ↗
- Section 08, Linda M. Swan. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 88,178. View filing ↗
- Section 08, Charles M. Cirillo. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 78,971. View filing ↗
- Section 08, Diane B. Cavanaugh. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 66,971. View filing ↗
- Section 08, Kenneth H. Thomas. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 64,971. View filing ↗
- Section 08, Eugene M. Magier. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 63,971. View filing ↗
- Section 08, John F. McKenzie. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 63,971. View filing ↗
- Section 08, Joel L. Morgenthau. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 54,300. View filing ↗
- Section 08, Lynette W. Bennett. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Charles A. Martinek. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Jose M. Collazo. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Kenneth A. Martinek. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Eugene M. Magier 2026-07-15. Form 4, filed 2026-07-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Eugene M. Magier 2026-07-15. Form 4, filed 2026-07-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Donald Hom 2026-07-29. Form 4, filed 2026-07-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John F. McKenzie 2026-11-02. Form 4, filed 2026-11-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2022 vote. Form 8-K, filed 2022-09-30. Item 5.07 · say-on-pay result. As reported: — (votes for as printed: 8,726,501). 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 423,100 + equity 0 + all other 58,233 = 481,333, summed across the director compensation table rows.
- NorthEast Community Bancorp, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in NorthEast Community Bancorp, Inc.'s own proxy. As printed: 1,259,679. View filing ↗