ConnectOne Bancorp, Inc.
For the period ended May 20, 2025. Filed Apr 10, 2025.
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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.
May 20, 2025 · Filed Apr 10, 2025
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Contents
Performance-Based Compensation
A significant portion of our compensation program focuses on performance-based pay that rewards our achievements on an annual basis as well as our ability to deliver long-term value to our stockholders. 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 2024, our compensation targets and pay mix (targeting market median) are show below and represent our goal to provide:
| ● | A significant portion of target pay that is at-risk and based on performance (69% for CEO and 51% for other NEOs); and |
| ● | A meaningful portion of pay that is denominated as equity (39% for CEO and 26% for other NEOs). |
For 2024, 55% of our equity share grants for our CEO, Bank President, and CFO will vest only if predetermined 3-year performance goals are achieved. For other NEOs and EVPs, the mix is 50% performance and 50% time vested.
| CEO Target Pay Mix | Other NEOs Target Pay Mix (1) |
|---|
| (1) | Weighted average of the named executive officers other than the CEO. |
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The design principles of our executive compensation programs are intended to protect and promote the interests of our stockholders which include rewarding performance and mitigating risk. Below we summarize key features of our executive compensation program:
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.