BCB BANCORP INC
For the period ended Apr 24, 2025. Filed Mar 20, 2025.
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.
Apr 24, 2025 · Filed Mar 20, 2025
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Contents
2024 CEO PAY RATIO
As required by applicable SEC rules, we are providing the following information about the relationship of the annual total compensation of our employees and the annual total compensation of Michael A. Shriner, our President and Chief Executive Officer (our “CEO”).
∎ The median of the annual total compensation of all our employees (other than our CEO)was $46,690; and ∎ The annual total compensation of our CEO, as reported in the Summary CompensationTable on page 27, was $860,491. Based on this information for fiscal year 2024, the ratio of the annual total compensation of ourCEO to the median of the annual total compensation of all other employees was 18.4 to1.0.
Methodology
We took the following steps to identify the median of the annual total compensation of all our employees, as well as to determine the annual total compensation of our median employee and our CEO. Under applicable SEC rules, a company only needs to perform median employee calculations once every three years, unless it had a change in the employee population or compensation arrangements that could significantly affect the pay ratio.
| ∎ | As of December 31, 2024, our global workforce used for determining the pay ratio was estimated to be 312 employees in the U.S and none internationally. This population consisted of our full-time, part-time, and temporary employees employed with us as of the determination in 2024. |
| ∎ | To identify the “median employee” from our employee population, we used the amount of “gross wages” for the identified employees as reflected in our payroll records for the 12-month period beginning January 1, 2024, and ending December 31, 2024. For gross wages, we generally used the total amount of compensation the employees were paid before taxes, deductions, insurance premiums, and other payroll withholdings. We did not use any statistical sampling techniques. |
| ∎ | For the annual total compensation of our median employee, we identified and calculated the elements of that employee’s compensation for fiscal year 2024 in accordance with the requirements of Item 402(c)(2)(x), resulting in annual total compensation of $46,690. |
| ∎ | For the annual total compensation of our CEO, we used the amount reported in the “Total” column of our 2024 Summary Compensation Table on page 27. |
The CEO pay ratio reported above is a reasonable estimate calculated in a manner consistent with SEC rules based on the methodologies and assumptions described. SEC rules for identifying the median employee and determining the CEO pay ratio permit companies to employ a wide range of methodologies, estimates and assumptions. As a result, the CEO pay ratios reported by other companies, which may have employed other permitted methodologies or assumptions and which may have a significantly different work force structure from ours, are likely not comparable to our CEO pay ratio.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.