In 2023, Thomas J. Murphy earned $550.39K in total compensation at Arrow Financial, including $367.50K salary and $162.50K bonus. Most recently acquired 1,000 shares in Feb 2014. Currently holds stock worth $1.10M. Has donated $16.58K in stock to charitable causes. Led Arrow Financial as CEO for 10 years.
Compensation History
Annual executive compensation data for Thomas J. Murphy, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$550.39K
Salary
$367.50K
Bonus
$162.50K
Other
$20.38K
Salary
$367.50KBoard Justification
The compensation philosophy is designed to attract and retain key executives, aligning their interests with those of shareholders while promoting long-term profitability within acceptable risk parameters.
Bonus
$162.50KBoard Justification
The bonus is based on the company's performance metrics and individual performance assessments, but Mr. Murphy was not entitled to a STIP award for 2023 due to his departure prior to the end of the year.
Other Compensation
$20.38KBoard Justification
Other compensation includes company contributions to the ESOP, life insurance premiums, and other perquisites.
Restricted Stock
Board Justification
All RSUs vested in full upon Mr. Murphy's departure on May 12, 2023, and will settle over a 10-year period starting in May 2024.
Performance Metrics
Performance metrics include financial performance measures such as Internal Net Operating Earnings, Return on Equity, Efficiency Ratio, Non-Performing Loans, and Net Charge-Offs.
Thomas J. Murphy
Ex-CEO of Arrow Financial
Education
Bachelor's degree in business administration
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
March 1, 1969 - 56 years ago
CEO of Arrow Financial for
10 years 4 months (Dec 2012 - May 2023)
Previous Experience
Senior Executive Vice President and President of Glens Falls National Bank
Other Arrow Financial CEOs
Holdings
Track Thomas J. Murphy's stock holdings and portfolio value over time.
Charitable Transactions
515 shares
AROW
Recent Charitable Transactions
500 shares
AROW
Dec 13, 2016
Charity
Insider Trading
Thomas J. Murphy's recent stock transactions, purchases, and sales filed with the SEC.
500 shares
AROW
Dec 13, 2016
Charity
$25.05K
AROW at $25.05/share
Feb 3, 2014
Purchase
$59.05K
AROW at $23.62/share
Apr 22, 2013
Purchase
$58.50K
AROW at $23.40/share
Nov 16, 2012
Purchase
$197.20K
AROW at $23.20/share
Sep 2, 2011
Purchase
Rivals
Compare Thomas J. Murphy with competitor CEOs and industry peers.
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
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
Gary R. Mills
CEO of First Community Bankshares
2020 Compensation
Stock
$155.97K
Salary
$567.00K
Bonus
$265.78K
Other
$81.92K
Total Holdings
$661.35K