Magyar Bancorp CEO John Fitzgerald's 2023 pay falls 35% to $1.2M
Magyar Bancorp reports 2023 executive compensation
By ExecPay News
Published: January 12, 2024
Magyar Bancorp reported fiscal year 2023 executive compensation information on January 12, 2024.
In 2023, three executives at Magyar Bancorp received on average a compensation package of $747K, a 38% decrease compared to previous year.
Average pay of disclosed executives at Magyar Bancorp
John S. Fitzgerald, Chief Executive Officer, received $1.2M in total, which decreased by 35% compared to 2022. 45% of Fitzgerald's compensation, or $523K, was in salary. Fitzgerald also received $360K in bonus and $285K in other compensation.
Jon R. Ansari, Chief Financial Officer, received a compensation package of $746K, which decreased by 37% compared to previous year. 52% of the compensation package, or $385K, was in salary.
Peter Brown, Senior Vice President and Chief Lending Officer, earned $326K in 2023, a 47% decrease compared to previous year.
Magyar Bancorp's fiscal year ends on September 30.
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Source: SEC filing on January 12, 2024.