Sundar PichaiSundar Pichai earned $164M in 2023

Brian E. Argrett has been the Chief Executive Officer and Vice Chair of Broadway Financial Corporation since April 2021, following the merger with CFBanc Corporation. He has a solid academic background with a J.D. and M.B.A. from the University of...

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Brian E. Argrett

Founder and CEO of Broadway Financial

Education

J.D. and M.B.A. degrees from the University of California, Berkeley; bachelor's degree from the McIntire School of Commerce at the University of Virginia.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1964 - 61 years ago

CEO of Broadway Financial for

4 years 2 months (Apr 2021 - Present)

Previous Experience

President and Chief Executive Officer of CFBanc since 2011; founder and managing partner of Fulcrum Capital Group and Fulcrum Capital Partners, L.P.; President, Chief Executive Officer, and director of Fulcrum Venture Capital Corporation; attorney with Pircher, Nichols & Meeks.

Rivals

Competitors/colleagues of Brian E. Argrett

Holdings

See how much did Brian E. Argrett make over time.

As of 2023, Brian E. Argrett holds about 181,778 shares in Broadway Financial, making him a notable shareholder in the company. Over the past few years, his stock holdings have fluctuated, reflecting changes in company performance and market conditions. His...

Insider Trading

See recent insider trades of Brian E. Argrett.

BYFC

$153.17K

BYFC at $5.95/share

Mar 26, 2024

Received

BYFC

$275.00K

BYFC at $1.07/share

Jun 21, 2023

Received

BYFC

$210.00K

BYFC at $1.53/share

Mar 16, 2022

Received

BYFC

64,516 shares

BYFC

Jul 21, 2021

Received

BYFC

64,516 shares

BYFC

Jul 21, 2021

Received

BYFC

1,362 shares

BYFC

Apr 1, 2021

Received

Compensation History

See how much did Brian E. Argrett make over time.

In 2023, Brian E. Argrett's total compensation was $766,259, with a base salary of $577,500 and a bonus of $114,883 based on performance indicators set by the Compensation Committee. His bonus can range from 24% to 37.5% of his salary, depending on how well the company meets its specified business objectives, covering areas like net earnings and asset quality. The company has a clear compensation philosophy aimed at rewarding high performance and aligning leadership interests with shareholder expectations. For 2022, his total compensation was slightly higher at around $826,713, with significant bonuses reflecting the company's prior successes. The previous year he enjoyed a total of $705,234, showing a consistent upward trend in earnings tied directly to performance metrics defined at the beginning of each fiscal year. This model emphasizes accountability, encouraging Argrett to meet aggressive performance targets that directly impact his financial rewards.

Year

2023

Total Compensation

$768.26K

Salary

$577.50K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on rewarding management for productivity and high performance.

Bonus

$114.88K

Board Justification

The cash bonus is based on the degree of achievement of specified business plan objectives evaluated annually by the Compensation Committee. The bonus can range from 24% to 37.5% of base salary depending on performance metrics achieved.

Other

$75.88K

Board Justification

Includes amounts paid by the Company to the 401(k) account of the NEO and allocations under the City First Bank, National Association Employee Stock Ownership Plan, as well as perquisites and other benefits consisting of automobile and telephone allowances, health benefits, and life insurance premiums.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was reported as vested in 2023 in the provided section.

Performance Metrics

The performance metrics include Net Earnings, Capital, Compliance, Net Loan Growth, Asset Quality, and Core Deposit Growth.

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