CFSB Bancorp CEO Michael McFarland's 2023 pay jumps 113% to $763K
CFSB Bancorp reports 2023 executive compensation
By ExecPay News
Published: October 17, 2023
CFSB Bancorp reported fiscal year 2023 executive compensation information on October 17, 2023.
In 2023, three executives at CFSB Bancorp received on average a compensation package of $547K, a 92% increase compared to previous year.
Average pay of disclosed executives at CFSB Bancorp
Michael E. McFarland, Chief Executive Officer, received $763K in total, which increased by 113% compared to 2022. 42% of McFarland's compensation, or $318K, was in salary. McFarland also received $33K in bonus, $193K in option awards, $192K in stock awards, as well as $27K in other compensation.
Susan Shea, Chief Operating Officer, received a compensation package of $573K, which increased by 98% compared to previous year. 42% of the compensation package, or $240K, was in salary.
Kemal A. Denizkurt, Vice President of Financial Markets, earned $305K in 2023, a 46% increase compared to previous year.
CFSB Bancorp's fiscal year ends on June 30.
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Source: SEC filing on October 17, 2023.