In 2023, Nitin Mhatre earned $1.42M in total compensation at Berkshire Hills Bancorp, including $835.00K salary and $282.08K in stock. Most recently acquired 1,100 shares in Apr 2024. Currently holds stock worth $17.41M. Led Berkshire Hills Bancorp as CEO for 1 years.
Compensation History
Annual executive compensation data for Nitin Mhatre, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.42M
Salary
$835.00K
Bonus
$0.00
Other
$307.91K
Salary
$835.00KBoard Justification
The compensation philosophy aims to align executive pay with company performance, focusing on both short-term and long-term incentives to drive shareholder value.
Bonus
$0.00Board Justification
No bonus was awarded for 2023 due to performance metrics not being fully achieved.
Other Compensation
$307.91KBoard Justification
Includes various benefits such as automobile allowance, financial planning, and other perquisites.
Restricted Stock
Board Justification
9291 shares of restricted stock vested in 2023 based on performance criteria set in prior years.
Performance Metrics
The performance metrics for 2023 included Operating Return on Tangible Common Equity, Operating Return on Assets, and other financial measures, with overall performance achieving 93.3% of target.
Nitin Mhatre
Ex-CEO of Berkshire Hills Bancorp
Sector of Economy
Financial Services
CEO of Berkshire Hills Bancorp for
1 year 10 months (May 2021 - Apr 2023)
Previous Experience
Unknown
Other Berkshire Hills Bancorp CEOs
Holdings
Track Nitin Mhatre's stock holdings and portfolio value over time.
Total Stock Sold
$1.94M
$1.94M
45,540 WBS shares
What if they kept their stock?
If Nitin Mhatre didn't sell their stock, today they would have:
Extra WBS45,540 shares worth $2.91M.
This is 49.94% and $969.70K more than what they got when they sold the stock.
Insider Trading
Nitin Mhatre's recent stock transactions, purchases, and sales filed with the SEC.
$24.22K
BHLB at $22.02/share
Apr 25, 2024
Purchase
31,042 shares
BHLB
Feb 6, 2024
Received
14,000 shares
BHLB
Jan 30, 2024
Received
$19.82K
BHLB at $19.82/share
Sep 12, 2023
Purchase
$33.44K
BHLB at $22.29/share
Jul 25, 2023
Purchase
$41.02K
BHLB at $19.53/share
May 2, 2023
Purchase
$96.00K
BHLB at $24.62/share
Mar 15, 2023
Purchase
11,552 shares
BHLB
Jan 30, 2023
Received
11,256 shares
BHLB
Jan 30, 2022
Received
$79.59K
BHLB at $29.48/share
Jan 25, 2022
Purchase
Rivals
Compare Nitin Mhatre with competitor CEOs and industry peers.
Richard M. Adams, Jr.
CEO of United Bankshares
2023 Compensation
Stock
$609.36K
Salary
$1.00M
Bonus
$1.09M
Other
$59.30K
Total Holdings
$378.14K
Christopher J. McComish
CEO of S&T Bancorp
2023 Compensation
Stock
$150.00K
Salary
$350.00K
Bonus
$70.00K
Other
$20.00K
Total Holdings
$200.99K
Joseph S. Exnicios
CEO of Hancock Whitney Corporation
2023 Compensation
Stock
$265.86K
Salary
$553.84K
Bonus
$383.43K
Other
$67.08K
Total Holdings
$1.50K
Anthony Labozzetta
CEO of Provident Financial Services
2023 Compensation
Stock
$61.82K
Salary
$818.27K
Bonus
$309.38K
Other
$121.55K
Total Holdings
$20.11K
H. Palmer Proctor, Jr.
CEO of Ameris Bancorp
2023 Compensation
Stock
$1.90M
Salary
$925.00K
Bonus
$1.44M
Other
$98.20K
Total Holdings
$1.46M