Provident Financial Services CEO Christopher Martin's 2019 pay rises 4% to $2.3M
Provident Financial Services reports 2019 executive compensation
By ExecPay News
Published: March 13, 2020
Provident Financial Services reported fiscal year 2019 executive compensation information on March 13, 2020.
In 2019, five executives at Provident Financial Services received on average a compensation package of $1.2M, a 5% increase compared to previous year.
Average pay of disclosed executives at Provident Financial Services
Christopher Martin, Chief Executive Officer, received $2.3M in total, which increased by 4% compared to 2018. 33% of Martin's compensation, or $761K, was in salary. Martin also received $551K in non-equity incentive plan, $191K in option awards, $572K in stock awards, as well as $203K in other compensation.
For fiscal year 2019, the median employee pay was $61,925 at Provident Financial Services. Therefore, the ratio of Christopher Martin's pay to the median employee pay was 37 to one.
Thomas M. Lyons, Chief Financial Officer, received a compensation package of $1.2M, which increased by 6% compared to previous year. 42% of the compensation package, or $486K, was in salary.
John Kuntz, Chief Administrative Officer, earned $1M in 2019, a 8% increase compared to previous year.
Donald W. Blum, Executive Vice President and Chief Lending Officer, received $862K in 2019, which increases by 1% compared to 2018.
Valerie O. Murray, Executive Vice President, Chief Wealth Officer and President of Beacon Trust Company, earned $832K in 2019, a 7% increase compared to previous year.
Related executives
Christopher Martin
Provident Financial Services
Chairman
Thomas Lyons
Provident Financial Services
Chief Financial Officer
Donald Blum
Provident Financial Services
Executive Vice President and Chief Lending Officer of Provident Bank
John Kuntz
Provident Financial Services
Chief Administrative Officer
Valerie Murray
Provident Financial Services
Executive Vice President, Chief Wealth Officer and President of Beacon Trust
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Source: SEC filing on March 13, 2020.