Sundar PichaiSundar Pichai earned $164M in 2023

Craig L. Montanaro has been leading Kearny Financial Corporation as CEO since 2011. With an MBA from Fairfield University, he has a solid background in finance. His career at Kearny Bank started in 2003 after the bank acquired West Essex...

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Craig L. Montanaro

CEO of Kearny Financial

Education

MBA from Fairfield University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1970 - 55 years ago

CEO of Kearny Financial for

14 years 2 months (Apr 2011 - Present)

Previous Experience

Senior Vice President and Director of Strategic Planning for Kearny Bank

Holdings

See how much did Craig L. Montanaro make over time.

As of September 2024, Craig L. Montanaro holds about 1.02 million shares of Kearny Financial, making up roughly 1.57% of the total outstanding common shares. His holdings have varied throughout the years, peaking at over $12 million in value during...

Mar 18, 2025

Total Stock Sold

$152.43K

KRNY

$152.43K

11,000 KRNY shares

What if they kept their stock?

If Craig L. Montanaro didn't sell their stock, today they would have:
Extra KRNY11,000 shares worth $98.67K.
This is -35.27% and $53.76K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Craig L. Montanaro.

KRNY

25,974 shares

KRNY

Aug 7, 2024

Received

KRNY

25,047 shares

KRNY

Aug 7, 2023

Received

KRNY

24,317 shares

KRNY

Aug 7, 2022

Received

KRNY

19,944 shares

KRNY

Jan 7, 2022

Received

KRNY

25,000 shares

KRNY

Dec 1, 2021

Received

KRNY

25,000 shares

KRNY

Dec 1, 2020

Received

KRNY

25,000 shares

KRNY

Dec 1, 2019

Received

KRNY

$52.66K

KRNY at $13.17/share

Mar 18, 2019

Sale

KRNY

25,000 shares

KRNY

Dec 1, 2018

Received

KRNY

$99.05K

KRNY at $14.15/share

Jun 12, 2018

Sale

Compensation History

See how much did Craig L. Montanaro make over time.

In 2023, Craig L. Montanaro received a total compensation of $1,210,453, which includes a salary of $746,750 and a bonus of $430,307 based on the company's performance. He also received other benefits totaling about $1,396. This reflects an increase from his total compensation of $817,756 in 2022. The structure of his pay is tied to performance metrics, ensuring that his interests align closely with the company's goals. This focus on performance emphasizes a culture of accountability and rewards high achievement.

Year

2023

Total Compensation

$1.61M

Salary

$746.75K

Board Justification

The compensation philosophy is designed to create a competitive compensation program that rewards sustained financial performance while safeguarding the long-term success of the Company and promoting a culture of high performance.

Bonus

$430.31K

Board Justification

The bonus is based on the Executive Management Incentive Program, which ties annual cash awards to the Company’s performance across multiple performance measures. For fiscal year 2024, the incentive payouts were below target, with actual payouts at approximately 20.61% of base salary.

Other

$1.40K

Board Justification

Other compensation includes contributions to retirement plans and benefits such as life insurance and long-term care premiums.

Restricted Stock

$430.31K(25.05K RSU)

Board Justification

The stock awards consist of performance-based and time-based restricted stock units, with 50% of the total awards being performance-based and vesting at the end of a three-year performance period based on achieving specific financial goals.

Performance Metrics

The performance metrics include adjusted pre-tax, pre-provision net revenue per share and non-interest expense ratio, which are critical for determining the incentive payouts.

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