Magyar Bancorp CEO John Fitzgerald's 2024 pay rises 2% to $1.2M
Magyar Bancorp reports 2024 executive compensation
By ExecPay News
Published: January 8, 2025
Magyar Bancorp reported fiscal year 2024 executive compensation information on January 8, 2025.
In 2024, three executives at Magyar Bancorp received on average a compensation package of $766K, a 3% increase compared to previous year.
Average pay of disclosed executives at Magyar Bancorp
John S. Fitzgerald, Chief Executive Officer, received $1.2M in total, which increased by 2% compared to 2023. 46% of Fitzgerald's compensation, or $549K, was in salary. Fitzgerald also received $360K in bonus and $281K in other compensation.
Jon R. Ansari, Chief Financial Officer, received a compensation package of $766K, which increased by 3% compared to previous year. 53% of the compensation package, or $403K, was in salary.
Peter Brown, Senior Vice President and Chief Lending Officer, earned $341K in 2024, a 5% increase compared to previous year.
Magyar Bancorp's fiscal year ends on September 30.
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Source: SEC filing on January 8, 2025.