Sundar PichaiSundar Pichai earned $164M in 2023
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David S. DeMarco

CEO of Arrow Financial

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1962 - 63 years ago

Economy Sector

Financial Services

Current Tenure

1 year 8 months (May 2023 - Present)

Previous Experience

Chief Banking Officer and Senior Executive Vice President at Arrow Financial Corp.

David S. DeMarco is the current CEO of Arrow Financial Corporation, a role he has embraced since mid-2023. Born in 1962, he brings a wealth of experience in finance to the company. Recently, the Board of Directors appointed him as...

Year

2023

Total Compensation

$864.94K

Salary

$575.00K

Board Justification

The compensation philosophy emphasizes alignment with company performance, peer benchmarking, and retention strategies, focusing on long-term profitability within acceptable risk parameters.

Bonus

$215.63K

Board Justification

The bonus is based on the achievement of specified Company and individual performance results for fiscal year 2023, with actual payouts at 75% of target.

Other

$34.30K

Board Justification

Includes company contributions to ESOP, life insurance, and perquisites such as country club membership and personal use of a company vehicle.

Restricted Stock

$40.01K(5K stock options)

Board Justification

5,000 stock options were granted in February 2023, vesting ratably over four years, with a fair value of $40,100.

Performance Metrics

Performance metrics include net operating earnings, return on equity, efficiency ratio, non-performing loans, and net charge-offs.