NorthEast Community Bancorp IncMD
For the period ended May 22, 2025. Filed Apr 11, 2025.
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May 22, 2025 · Filed Apr 11, 2025
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NECB$29.01+0.0%Stored close · as of Nov 6, 2026
Contents
Summary Compensation Table
The following information is furnished for all individuals serving as the principal executive officer of NorthEast Community Bancorp for the most recently completed fiscal year and our next two most highly compensated executive officers whose total compensation for the year ended December 31,2024 exceeded $100,000.
| Name | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($)(1) | All Other Compensation ($)(2) | Total ($) |
|---|---|---|---|---|---|---|---|---|
| Kenneth A. Martinek | 2024 | 650,000 | — | — | — | 390,000 | 105,500 | 1,145,500 |
| Chairman and Chief | 2023 | 525,000 | — | — | — | 315,000 | 60,505 | 909,505 |
| Executive Officer | ||||||||
| Jose M. Collazo | 2024 | 540,000 | — | — | — | 270,000 | 87,724 | 897,724 |
| President and Chief | 2023 | 400,000 | — | — | — | 200,000 | 60,053 | 660,053 |
| Operating Officer | ||||||||
| Donald S. Hom | 2024 | 350,000 | — | — | — | 175,000 | 62,370 | 587,370 |
| Executive Vice | 2023 | 285,000 | — | — | — | 142,500 | 51,148 | 478,648 |
| President and Chief Financial Officer | ||||||||
| (1) | Represents non-discretionary, performance-based cash payments earned by each named executive officer during each year presented under the Company’s annual incentive program, which is described below under “Short-Term Incentives.” |
| (2) | Details of the amounts reported in “All Other Compensation” for fiscal 2024 are provided in the table below. All perquisites, which, in the aggregate, were less than $10,000 for an individual were excluded from “All Other Compensation.” |
| Mr. Martinek | Mr. Collazo | Mr. Hom | |
|---|---|---|---|
| Employee stock ownership plan allocations | 72,461 | 64,734 | 55,623 |
| Automobile Allowance | 8,000 | 12,000 | — |
| Life Insurance (Imputed Income) | 10,683 | 1,854 | — |
| Dividends/Interest on Restricted Stock | 14,356 | 9,136 | 5,547 |
| Medical Opt-Out Policy Benefit | — | — | 1,200 |
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