Hanover Bancorp, Inc. /MD
For the period ended Mar 5, 2024. Filed Feb 9, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Mar 5, 2024 · Filed Feb 9, 2024
Contents
Performance-Based Compensation
Pay-for-performance is a key objective of our executive compensation program. A significant portion of our compensation program focuses on performance-based pay that rewards both our annual achievements as well as our ability to deliver long-term value to our shareholders. We have a balanced approach to total compensation that includes a mix of base/fixed pay and variable/performance-based pay, a proportion of cash and equity and a proportion of short- and long-term incentive compensation. For the fiscal year 2023, our compensation programs were designed to ensure:
| · | That a significant portion of target pay is at-risk and based on performance; and |
| · | That a meaningful portion of pay is denominated as equity. |
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