William Penn Bancorporation CEO Kenneth Stephon's 2023 pay falls 76% to $812K
William Penn Bancorporation reports 2023 executive compensation
By ExecPay News
Published: October 6, 2023
William Penn Bancorporation reported fiscal year 2023 executive compensation information on October 6, 2023.
In 2023, three executives at William Penn Bancorporation received on average a compensation package of $528K, a 73% decrease compared to previous year.
Average pay of disclosed executives at William Penn Bancorporation
Kenneth J. Stephon, Chief Executive Officer, received $812K in total, which decreased by 76% compared to 2022. 68% of Stephon's compensation, or $552K, was in salary. Stephon also received $1.3K in bonus, $204K in non-equity incentive plan, as well as $55K in other compensation.
Alan B. Turner, Executive Vice President and Chief Lending Officer, received a compensation package of $393K. 71% of the compensation package, or $281K, was in salary.
Jeannine Cimino, Executive Vice President and Chief Retail Officer, earned $379K in 2023, a 71% decrease compared to previous year.
William Penn Bancorporation's fiscal year ends on June 30.
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Source: SEC filing on October 6, 2023.