Provident Financial Services reports 2018 executive compensation

CEO Christopher Martin receives $2.2M

Provident Financial Services reported fiscal year 2018 executive compensation information on March 15, 2019.

In 2018, five executives at Provident Financial Services received on average a compensation package of $1,178,399, a 4% decrease compared to previous year.

Average pay of disclosed executives at Provident Financial Services

Christopher Martin, Chief Executive Officer, received $2,194,752 in total, which decreased by 9% compared to 2017. 33.68% of Martin's compensation, or $739,231, was in salary. Martin also received $536,698 in non-equity incentive plan, $185,000 in option awards, $555,000 in stock awards, as well as $178,823 in other compensation.

Thomas M. Lyons, Chief Financial Officer, received a compensation package of $1,097,910, which decreased by 28% compared to previous year. 42.77% of the compensation package, or $469,615, was in salary.

John Kuntz, Chief Administrative Officer, earned $970,352 in 2018, a 2% decrease compared to previous year.

Donald W. Blum, Executive Vice President and Chief Lending Officer, received $853,617 in 2018, which decreases by 6% compared to 2017.

Valerie O. Murray, Executive Vice President, Chief Wealth Officer and President of Beacon Trust Company, earned $775,366 in 2018, a 3% increase compared to previous year.