Melrose Bancorp CEO Jeffrey Jones' 2018 pay rises 9% to $451K
Melrose Bancorp reports 2018 executive compensation
By ExecPay News
Published: April 9, 2019
Melrose Bancorp reported fiscal year 2018 executive compensation information on April 9, 2019.
In 2018, three executives at Melrose Bancorp received on average a compensation package of $301K, a 9% increase compared to previous year.
Average pay of disclosed executives at Melrose Bancorp
Jeffrey Jones, Chief Executive Officer, received $451K in total, which increased by 9% compared to 2017. 63% of Jones' compensation, or $283K, was in salary. Jones also received $38K in non-equity incentive plan and $129K in other compensation.
Diane Indorato, Chief Financial Officer, received a compensation package of $247K, which increased by 12% compared to previous year. 70% of the compensation package, or $172K, was in salary.
James Oosterman, Senior Vice President Chief Lending Officer, earned $206K in 2018, a 7% increase compared to previous year.
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Source: SEC filing on April 9, 2019.