BCB BANCORP INC
For the period ended Apr 24, 2025. Filed Mar 20, 2025.
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Apr 24, 2025 · Filed Mar 20, 2025
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SUMMARY COMPENSATION TABLE
The following table summarizes the compensation earned in fiscal years 2022, 2023, and 2024, by our Chief Executive Officer, our Chief Financial Officer, and our three other most highly compensated executive officers. We collectively refer to these individuals as the “Named Executive Officers.”
| Name Principal Position | Year | Salary ($) | Bonus($) (1) | Restricted StockAwards ($) (2) | All Other Compensation (3) ($) | Total |
|---|---|---|---|---|---|---|
| Michael A. Shriner (4) | 2024 | 675,000 | 151,921 | — | 33,570 | 860,491 |
| President & CEO | 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — | |
| Ryan Blake | 2024 | 400,000 | 81,024 | — | 32,242 | 513,266 |
| Executive Vice President & COO | 2023 | 400,000 | — | 298,731 | 46,630 | 745,361 |
| 2022 | 400,000 | 125,000 | 342,190 | 35,027 | 902,217 | |
| Jawad Chaudhry (5) | 2024 | 425,000 | 86,088 | 472,000 | 29,440 | 1,012,528 |
| Executive Vice President & CFO | 2023 | 350,000 | 70,000 | — | 4,177 | 424,177 |
| 2022 | 70,000 | 100,000 | — | — | 170,000 | |
| David R. Garcia | 2024 | 305,000 | — | — | 15,441 | 320,441 |
| Executive Vice President & CLO | 2023 | 305,000 | 30,000 | — | 7,896 | 342,896 |
| 2022 | 265,000 | 200,000 | — | 7,459 | 472,459 | |
| Sandra Sievewright | 2024 | 300,000 | 40,512 | — | 16,899 | 357,411 |
| Executive Vice President & CCO | 2023 | 215,000 | 40,000 | — | 9,385 | 264,385 |
| 2022 | 215,000 | 40,000 | — | 6,610 | 261,610 |
| (1) | Represents the cash bonus earned by the named executive officer during the fiscal year covered but determined during the following fiscal year. |
| (2) | Represents the grant date fair value of restricted stock received under the Company’s 2018 Equity Incentive Plan. The grant date fair value has been computed in accordance with the stock-based compensation accounting rules (FASB ASC Topic 718). The grant date fair assumptions used in calculating the award values may be found in the Company’s consolidated financial statements set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. |
| (3) | The amounts in this column reflect what the Company paid for, or reimbursed, the applicable Named Executive Officer for the various benefits and perquisites received. A breakdown of the various elements of compensation in this column for the years ended December 31, 2024, 2023 and 2022 is set forth in the table provided below. |
| (4) | Mr. Shriner was appointed President and Chief Executive Officer effective January 1, 2024. |
| (5) | Mr. Chaudhry was appointed Chief Financial Officer effective September 26, 2022. |
The amounts in the table below reflect a breakdown of the various elements of all other compensation for each year in the three-year period ended December 31, 2024, as reported in the executive summary compensation table above. The amounts provided in this table reflect what the Company paid for, or reimbursed, the applicable Named Executive Officer for the various benefits and perquisites received.
| Name and Principal Position | Year | EmployerContributions to 401(k) Plan($) | LifeInsurance ($) | BoardRetainer ($) | CarAllowance ($) | Total All OtherCompensation($) |
|---|---|---|---|---|---|---|
| Michael A. Shriner | 2024 | — | 9,570 | — | 24,000 | 33,570 |
| 2023 | — | — | — | — | — | |
| 2022 | — | — | — | — | — | |
| Ryan Blake | 2024 | 10,350 | 1,392 | — | 20,500 | 32,242 |
| 2023 | 9,900 | 2,730 | 10,000 | 24,000 | 46,630 | |
| 2022 | 9,150 | 1,877 | — | 24,000 | 35,027 | |
| Jawad Chaudhry | 2024 | 12,800 | 1,140 | — | 15,500 | 29,440 |
| 2023 | — | 1,177 | — | 3,000 | 4,177 | |
| 2022 | — | — | — | — | — | |
| David R. Garcia | 2024 | 1,917 | 7,524 | — | 6,000 | 15,441 |
| 2023 | — | 1,896 | — | 6,000 | 7,896 | |
| 2022 | — | 1,459 | — | 6,000 | 7,459 | |
| Sandra Sievewright | 2024 | 9,375 | 7,524 | — | — | 16,899 |
| 2023 | 8,851 | 534 | — | — | 9,385 | |
| 2022 | 6,262 | 348 | — | — | 6,610 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.