Provident Financial Services CEO Christopher Martin's 2020 pay rises 11% to $2.5M
Provident Financial Services reports 2020 executive compensation
By ExecPay News
Published: March 18, 2022
Provident Financial Services reported fiscal year 2020 executive compensation information on March 18, 2022.
In 2020, eight executives at Provident Financial Services received on average a compensation package of $1.1M, a 8% decrease compared to previous year.
Average pay of disclosed executives at Provident Financial Services
Christopher Martin, Chief Executive Officer, received $2.5M in total, which increased by 11% compared to 2019. 32% of Martin's compensation, or $814K, was in salary. Martin also received $745K in non-equity incentive plan, $196K in option awards, $589K in stock awards, as well as $186K in other compensation.
For fiscal year 2020, the median employee pay was $68,244 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 $1.3M, which increased by 9% compared to previous year. 41% of the compensation package, or $521K, was in salary.
John Kuntz, General Counsel, earned $1.2M in 2020, a 19% increase compared to previous year.
Donald W. Blum, Executive Vice President and Chief Lending Officer of Provident Bank, received $1M in 2020, which increases by 16% compared to 2019.
Valerie O. Murray, Executive Vice President, Chief Wealth Officer and President of Beacon Trust Company, earned $990K in 2020, a 19% increase compared to previous year.
Walter Sierotko, Executive Vice President and Chief Lending Officer of Provident Bank, received $848K in 2020.
Anthony Labozzetta, Chief Executive Officer, earned $634K in 2020.
Anthony J. Labozzetta, Chief Operating Officer, received $634K in 2020.
Related executives
Anthony Labozzetta
Provident Financial Services
Chief Executive Officer
Christopher Martin
Provident Financial Services
Chairman
Anthony Labozzetta
Provident Financial Services
Chief Operating Officer
Thomas Lyons
Provident Financial Services
Chief Financial Officer
John Kuntz
Provident Financial Services
Chief Administrative Officer
Valerie Murray
Provident Financial Services
Executive Vice President, Chief Wealth Officer and President of Beacon Trust
Walter Sierotko
Provident Financial Services
Executive Vice President and Chief Lending Officer of Provident Bank
Donald Blum
Provident Financial Services
Executive Vice President and Chief Lending Officer of Provident Bank
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Source: SEC filing on March 18, 2022.