Westfield Financial CEO James Hagan's 2023 pay rises 7% to $1.4M
Westfield Financial reports 2023 executive compensation
By ExecPay News
Published: March 29, 2024
Westfield Financial reported fiscal year 2023 executive compensation information on March 29, 2024.
In 2023, three executives at Westfield Financial received on average a compensation package of $850K, a 7% increase compared to previous year.
Average pay of disclosed executives at Westfield Financial
James C. Hagan, Chief Executive Officer, received $1.4M in total, which increased by 7% compared to 2022. 50% of Hagan's compensation, or $701K, was in salary. Hagan also received $243K in non-equity incentive plan, $247K in stock awards, as well as $225K in other compensation.
For fiscal year 2023, the median employee pay was $53,143 at Westfield Financial. Therefore, the ratio of James C. Hagan's pay to the median employee pay was 27 to one.
Allen J. Miles, III, EVP and Chief Lending Officer, received a compensation package of $598K, which increased by 7% compared to previous year. 61% of the compensation package, or $364K, was in salary.
Guida R. Sajdak, Chief Financial Officer, earned $535K in 2023, a 6% increase compared to previous year.
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Source: SEC filing on March 29, 2024.