Sundar PichaiSundar Pichai earned $164M in 2023
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Craig L. Montanaro

CEO of Kearny Financial

Education

MBA from Fairfield University

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1970 - 55 years ago

Economy Sector

Financial Services

Current Tenure

13 years 11 months (Apr 2011 - Present)

Previous Experience

Senior Vice President and Director of Strategic Planning for Kearny Bank

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...

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.