Christopher Martin, the Executive Chairman of Provident Financial Services, has a longstanding history in the banking sector. He began his journey with Provident in 2004, shortly after the acquisition of First Savings Bank where he was the President. His leadership...

Current Market Cap

$2.79B

Number of Employees

1.14K

Total Compensation

2018 - 2022

Trending down by -45.16% last year
Showing total compensation for the last 2018 - 2022

Stock

Up by 0.00% last year

Salary

Down by -43.54% last year

Bonus

Down by -100.00% last year

Other

Down by -23.71% last year

Year

2022

Total Compensation

$1.00M

Salary

$450.00K

Board Justification

The executive compensation program is designed to align pay with performance in a manner consistent with safe and sound business practices and sustainable financial performance consistent with the interests of stockholders.

Bonus

$0.00

Board Justification

As Executive Chairman, Mr. Martin did not participate in the annual cash incentive plan in 2022.

Other

$139.24K

Board Justification

Includes perquisites such as the use of employer-owned automobiles, car allowances, membership dues, and other personal benefits, as well as employer contributions to defined contribution plans.

Restricted Stock

$413.76K(17.67K common stock)

Board Justification

Performance-vesting stock awards for the 2020-2022 performance period vested on March 3, 2023, achieving performance at maximum level for both the cumulative Average Core Return on Average Assets and the cumulative Average Core Return on Tangible Equity goals.

Performance Metrics

The performance metrics for 2022 included net income, expense ratio, and earnings per share.

SEC Filing

From March 17, 2023

Christopher Martin

Ex-CEO of Provident Financial Services

CM

Education

Not available

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1956 - 68 years ago

Is Founder?

No

Tenure

16 years 10 months (Feb 2005 - Jan 2022)

Previous Experience

President and Chief Executive Officer of First Sentinel Bancorp, Inc. and First Savings Bank