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.
Each company listed discloses PVBC 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 PVBC 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 |
|---|---|---|---|---|---|---|---|---|
| Kenneth Fisher | $297,212 | $49,950 | $200,600 | $92,518 | $0 | $0 | $35,712 | $675,992 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Carol Houle | 72,731 | 0 | 0 | 0 | 0 | 0 | 600,369 | 673,100 |
| Former Co-President and Co-Chief Executive Officer, and Chief Financial Officer | ||||||||
| Joseph Reilly | 472,750 | 74,458 | 0 | 0 | 0 | 0 | 41,579 | 588,787 |
| President and Chief Executive Officer | ||||||||
| Joseph Mancini | 357,500 | 48,330 | 0 | 0 | 0 | 0 | 41,579 | 447,409 |
| Executive Vice President and Chief Operating 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 | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Kenneth Fisher | $675,992 | — | — | — |
| Carol Houle | 673,100 | 670,354 | — | +2,746 |
| Joseph Reilly | 588,787 | 646,538 | — | −57,751 |
| Joseph Mancini | 447,409 | 631,467 | — | −184,058 |
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 | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Kenneth Fisher | RSU | 8,000 | — | $91,200 |
| Joseph Reilly | Option | 5,100 | 10.4 | — |
| Joseph Reilly | RSU | 2,042 | — | 23,279 |
| Kenneth Fisher | Option | 20,000 | 11.17 | — |
| Joseph Mancini | Option | 22,400 | 9.55 | — |
| Kenneth Fisher | RSU | 12,000 | — | 136,800 |
| Joseph Mancini | RSU | 4,168 | — | 47,515 |
| Joseph Mancini | RSU | 4,800 | — | 54,720 |
| Joseph Mancini | Option | 12,000 | 15 | — |
The objective of our executive compensation program is to attract, retain, and motivate leaders who are committed to executing on our business strategy and creating long-term value for our stakeholders. To help us achieve these objectives, the Compensation Committee has designed an executive compensation program that consists of fixed and variable pay elements in the form of base salaries, annual cash, and long-term equity incentives.
| CEO STI target (% of salary) | 35% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-05-16 | 11,487,166 | 655,608 | 308,301 | 94.6% | Passed |
| 2023 | 2023-05-18 | 7,675,187 | 4,463,729 | 557,430 | 63.23% | Passed |
| 2022 | 2022-05-19 | 11,999,817 | 436,317 | 165,904 | 96.49% | Passed |
| 2021 | 2021-05-20 | 7,550,093 | 5,694,791 | 247,742 | 57% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2024 | 2024-05-16 | 94.6%a |
| 2023 | 2023-05-18 | 63.23%b |
| 2022 | 2022-05-19 | 96.49%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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Dennis S. PollackIndependent · Compensation · Newly elected | $54,625 | $102,406 | $117,961 | — | $0 | $274,992 |
| Julienne C. CassarinoIndependent · Audit · Compensation · Newly elected | 44,000 | 102,406 | 117,961 | — | 0 | 264,367 |
| Laurie H. KnappIndependent · Board Chair · Audit | 50,000 | — | — | — | 0 | 50,000 |
| Frank G. Cousins JrIndependent · Audit · Compensation · Nominating/Governance (Chair) | 37,250 | — | — | — | 0 | 37,250 |
| Barbara A. PietteIndependent · Audit | 37,000 | — | — | — | 0 | 37,000 |
| James A. DeLeoIndependent · Audit (Chair) | 36,500 | — | — | — | 0 | 36,500 |
| Kathleen Chase CurranIndependent · Compensation | 34,000 | — | — | — | 0 | 34,000 |
| Lisa DeStefanoIndependent · Compensation (Chair) · Nominating/Governance | 33,750 | — | — | — | 0 | 33,750 |
| Arthur SullivanIndependent · Audit · Nominating/Governance | 33,250 | — | — | — | 0 | 33,250 |
| Joseph B. ReillyEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $15,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $1,250 |
| Committee chair fees (audit / comp / nom-gov) | 7,000 / 3,500 / 2,500 |
| Stock ownership guideline | 5x annual board retainer |
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $360,375 |
| Equity awards (grant-date value) | $204,812 |
| All other compensation | $0 |
| Total cost of the board | $565,187 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Provident Bancorp 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 Provident Bancorp.
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 | Esquire Financial Holdings, Inc. | 2025 | Andrew Sagliocca | $825,000 | $1,501,283 | $0 | $1,275,000 | $3,769,054 |
| 2 | Bank7 Corp | 2025 | Thomas Travis | 788,461 | 825,001 | 0 | 0 | 2,375,029 |
| 3 | Pathfinder Bancorp, Inc. | 2025 | James Dowd | 440,000 | 1,167,600 | 0 | 0 | 1,820,456 |
| 4 | Meridian Corporation | 2025 | Christopher Annas | 622,000 | 264,000 | 0 | 0 | 1,677,997 |
| 5 | CF Bankshares Inc. | 2025 | Timothy O'Dell | 517,500 | 387,450 | 0 | 456,502 | 1,392,313 |
| 6 | Capital Bancorp, Inc. | 2025 | Edward Barry | 726,250 | 264,355 | 72,625 | 0 | 1,350,010 |
| 7 | Bankwell Financial Group, Inc. | 2025 | Christopher Gruseke | 700,000 | 251,365 | 0 | 368,550 | 1,336,526 |
| 8 | Rhinebeck Bancorp, Inc. | 2025 | Michael Quinn | 565,008 | 0 | 0 | 159,332 | 835,076 |
| 9 | BankFinancial Corporation | 2024 | F. Morgan Gasior | 504,422 | 0 | 0 | 40,367 | 608,919 |
| 10 | Provident Bancorp | 2024 | Joseph Reilly | 472,750 | 0 | 0 | 0 | 588,787 |
| — | First Seacoast Bancorp, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Landmark Bancorp, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | William Penn Bancorporation | — | — | — | — | — | — | not in coverage universe |
| — | ECB Bancorp, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Magyar Bancorp, Inc. | — | — | — | — | — | — | not in coverage universe |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Provident Bancorp | 45% | not disclosed | not disclosed | Pearl Meyer |
| Bank7 Corp | not disclosed | RSU 100 | Yes — TSR > 50% of peers | The Hunt Financial Group |
| BankFinancial Corporation | not disclosed | not disclosed | not disclosed | Cook & Co. |
| Bankwell Financial Group, Inc. | 117% | PSU 100 | Yes — total shareholder return (TSR) | Pearl Meyer & Partners, LLC |
| Capital Bancorp, Inc. | not disclosed | not disclosed | not disclosed | ChaseCompGroup, LLC |
| CF Bankshares Inc. | not disclosed | RSU 100 | not disclosed | Bank Compensation Consulting (BCC) |
| ECB Bancorp, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Esquire Financial Holdings, Inc. | 134% | RSU 50 · PSU 50 | No | Frederic W. Cook & Co., Inc. |
| First Seacoast Bancorp, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Landmark Bancorp, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Magyar Bancorp, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Meridian Corporation | 130% | RSU 100 | not disclosed | not disclosed |
| Pathfinder Bancorp, Inc. | not disclosed | RSU 50 · PSU 50 | No | Blanchard Consulting Group |
| Rhinebeck Bancorp, Inc. | not disclosed | not disclosed | not disclosed | Blanchard Consulting Group |
| William Penn Bancorporation | not disclosed | not disclosed | not disclosed | not 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.
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, Kenneth Fisher | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Summary Compensation Table”. As printed: 675,992. Filing ↗machine: r9 · c29 · span 332582–332589 |
| 2 | Section 01, Carol Houle | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Summary Compensation Table”. As printed: 673,100. Filing ↗machine: r6 · c29 · span 320637–320644 |
| 3 | Section 01, Joseph Reilly | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Summary Compensation Table”. As printed: 588,787. Filing ↗machine: r3 · c29 · span 308336–308343 |
| 4 | Section 01, Joseph Mancini | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Summary Compensation Table”. As printed: 447,409. Filing ↗machine: r12 · c29 · span 344768–344775 |
| 5 | Section 08, Dennis S. Pollack | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Director Compensation”. As printed: 274,992. Filing ↗machine: t36 · r8 · c12 · span 522904–522911 |
| 6 | Section 08, Julienne C. Cassarino | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Director Compensation”. As printed: 264,367. Filing ↗machine: t36 · r1 · c12 · span 507966–507973 |
| 7 | Section 08, Laurie H. Knapp | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Director Compensation”. As printed: 50,000. Filing ↗machine: t36 · r6 · c3 · span 517496–517502 |
| 8 | Section 08, Frank G. Cousins Jr | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Director Compensation”. As printed: 37,250. Filing ↗machine: t36 · r3 · c3 · span 511048–511054 |
| 9 | Section 08, Barbara A. Piette | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Director Compensation”. As printed: 37,000. Filing ↗machine: t36 · r7 · c3 · span 519648–519654 |
| 10 | Section 08, James A. DeLeo | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Director Compensation”. As printed: 36,500. Filing ↗machine: t36 · r4 · c3 · span 513197–513203 |
| 11 | Section 08, Kathleen Chase Curran | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Director Compensation”. As printed: 34,000. Filing ↗machine: t36 · r2 · c3 · span 508892–508898 |
| 12 | Section 08, Lisa DeStefano | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Director Compensation”. As printed: 33,750. Filing ↗machine: t36 · r5 · c3 · span 515346–515352 |
| 13 | Section 08, Arthur Sullivan | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Director Compensation”. As printed: 33,250. Filing ↗machine: t36 · r9 · c3 · span 523824–523830 |
| 14 | Section 08, Joseph B. Reilly | DEF 14A | 2025-04-15 | 0001437749-25-012035 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 06, 2024 vote | Form 8-K | 2024-05-21 | 0001778784-24-000024 | Item 5.07 · say-on-pay result. As reported: 94.6% (votes for as printed: 11,487,166). Filing ↗ |
| 16 | Section 06, 2023 vote | Form 8-K | 2023-05-22 | 0001778784-23-000026 | Item 5.07 · say-on-pay result. As reported: 63.23% (votes for as printed: 7,675,187). Filing ↗ |
| 17 | Section 06, 2022 vote | Form 8-K | 2022-05-23 | 0001778784-22-000027 | Item 5.07 · say-on-pay result. As reported: 96.49%. Filing ↗ |
| 18 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 19 | Section 09b board cost (computed) | Computed | — | computed | Cash 360,375 + equity 204,812 + all other 0 = 565,187, summed across the director compensation table rows.machine: formula: Σ = 565,187 |
| 20 | Esquire Financial Holdings, Inc., Section 10b CEO total | DEF 14A | 2026-04-30 | 0001104659-26-052225 | CEO 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 |
| 21 | Bank7 Corp, Section 10b CEO total | DEF 14A | 2026-04-03 | 0001140361-26-013116 | CEO total compensation as printed in Bank7 Corp's own proxy. As printed: 2,375,029. Filing ↗machine: t96 · r4 · c18 · span 260736–260745 |
| 22 | Pathfinder Bancorp, Inc., Section 10b CEO total | DEF 14A | 2026-04-22 | 0001193125-26-169428 | CEO total compensation as printed in Pathfinder Bancorp, Inc.'s own proxy. As printed: 1,820,456. Filing ↗machine: r4 · c14 · span 460062–460071 |
| 23 | Meridian Corporation, Section 10b CEO total | DEF 14A | 2026-04-06 | 0001750735-26-000027 | CEO total compensation as printed in Meridian Corporation's own proxy. As printed: 1,677,997. Filing ↗machine: t18 · r2 · c16 · span 375734–375743 |
| 24 | CF Bankshares Inc., Section 10b CEO total | DEF 14A | 2026-04-23 | 0001193125-26-172294 | CEO total compensation as printed in CF Bankshares Inc.'s own proxy. As printed: 1,392,313. Filing ↗machine: t10 · r3 · c20 · span 325946–325955 |
| 25 | Capital Bancorp, Inc., Section 10b CEO total | DEF 14A | 2026-04-07 | 0001419536-26-000091 | CEO total compensation as printed in Capital Bancorp, Inc.'s own proxy. As printed: 1,350,010. Filing ↗machine: t14 · r4 · c14 · span 427121–427130 |
| 26 | Bankwell Financial Group, Inc., Section 10b CEO total | DEF 14A | 2026-04-07 | 0001505732-26-000064 | CEO total compensation as printed in Bankwell Financial Group, Inc.'s own proxy. As printed: 1,336,526. Filing ↗machine: r2 · c21 · span 357480–357489 |
| 27 | Rhinebeck Bancorp, Inc., Section 10b CEO total | DEF 14A | 2026-04-15 | 0001751783-26-000011 | CEO total compensation as printed in Rhinebeck Bancorp, Inc.'s own proxy. As printed: 835,076. Filing ↗machine: r5 · c23 · span 287922–287929 |
| 28 | BankFinancial Corporation, Section 10b CEO total | DEF 14A | 2025-06-16 | 0001437749-25-020454 | CEO total compensation as printed in BankFinancial Corporation's own proxy. As printed: 608,919. Filing ↗machine: t39 · r1 · c21 · span 399499–399506 |
| 29 | Provident Bancorp (subject), Section 10b CEO total | DEF 14A | 2025-04-15 | 0001437749-25-012035 | CEO total compensation as printed in Provident Bancorp's own proxy. As printed: 588,787. Filing ↗machine: r3 · c29 · span 308336–308343 |
| 30 | Section 10a, Esquire Financial Holdings, Inc. reciprocity | DEF 14A | — | 0001104659-26-052225 | Esquire Financial Holdings, Inc. names Provident Bancorp in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 31 | Section 10a, Bankwell Financial Group, Inc. reciprocity | DEF 14A | — | 0001505732-26-000064 | Bankwell Financial Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Provident Bancorp. Filing ↗ |