Dime Community Bancshares Management

Management criteria checks 2/4

Dime Community Bancshares' CEO is Stu Lubow, appointed in May 2020, has a tenure of 1.33 years. total yearly compensation is $4.52M, comprised of 19.9% salary and 80.1% bonuses, including company stock and options. directly owns 0.63% of the company’s shares, worth €4.48M. The average tenure of the management team and the board of directors is 5.3 years and 9 years respectively.

Key information

Stu Lubow

Chief executive officer

US$4.5m

Total compensation

CEO salary percentage	19.9%
CEO tenure	4yrs
CEO ownership	0.6%
Management average tenure	5.3yrs
Board average tenure	9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Stu Lubow's remuneration changed compared to Dime Community Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$68m
Dec 31 2023	US$5m	US$901k	US$88m
Sep 30 2023	n/a	n/a	US$111m
Jun 30 2023	n/a	n/a	US$135m
Mar 31 2023	n/a	n/a	US$146m
Dec 31 2022	US$3m	US$700k	US$144m
Sep 30 2022	n/a	n/a	US$139m
Jun 30 2022	n/a	n/a	US$138m
Mar 31 2022	n/a	n/a	US$151m
Dec 31 2021	US$5m	US$633k	US$95m
Sep 30 2021	n/a	n/a	US$66m
Jun 30 2021	n/a	n/a	US$44m
Mar 31 2021	n/a	n/a	US$6m
Dec 31 2020	n/a	n/a	US$37m
Sep 30 2020	n/a	n/a	US$41m
Jun 30 2020	n/a	n/a	US$32m
Mar 31 2020	n/a	n/a	US$33m
Dec 31 2019	US$1m	US$475k	US$36m
Sep 30 2019	n/a	n/a	US$41m
Jun 30 2019	n/a	n/a	US$49m
Mar 31 2019	n/a	n/a	US$48m
Dec 31 2018	US$956k	US$475k	US$51m
Sep 30 2018	n/a	n/a	US$54m
Jun 30 2018	n/a	n/a	US$56m
Mar 31 2018	n/a	n/a	US$55m
Dec 31 2017	US$879k	US$447k	US$52m

Compensation vs Market: Stu's total compensation ($USD4.52M) is above average for companies of similar size in the German market ($USD1.18M).

Compensation vs Earnings: Stu's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Stu Lubow (65 yo)

4yrs

Tenure

US$4,522,226

Compensation

Mr. Stuart H. Lubow, also known as Stu, serves as President and Chief Executive Officer at Dime Community Bank and also serves as its Director since 2023. He serves as President and Chief Executive Officer...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kenneth Mahon	Executive Chairman	22.3yrs	US$190.00k	0.72% $ 5.1m
Stuart Lubow	CEO, President & Director	4yrs	US$4.52m	0.63% $ 4.5m
Avinash Reddy	Senior EVP	5.3yrs	US$1.13m	0.12% $ 844.2k
Michael Fegan	Senior EVP and Chief Technology & Operations Officer	5.3yrs	US$1.02m	0.057% $ 408.0k
Conrad Gunther	Senior EVP & Chief Lending Officer	no data	US$1.03m	0.18% $ 1.3m
Mario Caracappa	EVP, Director of Treasury Management of Sales & Service	no data	no data	no data
Steven Miley	Executive VP & Chief Marketing Officer	no data	no data	no data
Austin Stonitsch	Executive VP & Chief Human Resources Officer	no data	no data	no data
Nancy Tomich	Executive VP & Senior Group Leader	no data	no data	no data
Michael Perez	Executive VP & Chief Retail Officer	no data	no data	no data
Christopher Porzelt	Executive VP & Chief Risk Officer	no data	no data	0.035% $ 250.2k
Kevin Gallagher	Senior VP & Head of SBA Lending Division	5.3yrs	no data	no data

5.3yrs

Average Tenure

61yo

Average Age

Experienced Management: 0NW's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kenneth Mahon	Executive Chairman	22.3yrs	US$190.00k	0.72% $ 5.1m
Stuart Lubow	CEO, President & Director	1.3yrs	US$4.52m	0.63% $ 4.5m
Michael Devine	Independent Vice Chairman of the Board	29.3yrs	US$130.00k	1.15% $ 8.2m
Kevin Stein	Independent Director	6.4yrs	US$155.00k	0.070% $ 497.0k
Raymond Nielsen	Independent Director	11.3yrs	US$130.00k	0.11% $ 782.5k
Albert McCoy	Independent Director	16.3yrs	US$130.00k	0.53% $ 3.8m
Dennis Suskind	Lead Independent Director	22.3yrs	US$153.53k	0.24% $ 1.7m
Joseph Perry	Independent Director	18.7yrs	US$155.00k	0.14% $ 979.8k
Matthew Lindenbaum	Independent Director	6yrs	US$130.00k	0.77% $ 5.5m
Rosemarie Chen	Independent Director	6.7yrs	US$155.00k	0.072% $ 512.2k
Paul Aguggia	Independent Director	1.7yrs	US$130.00k	0.028% $ 197.8k
Judith Germano	Independent Director	less than a year	US$53.08k	0.0095% $ 67.2k

9.0yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 0NW's board of directors are considered experienced (9 years average tenure).

Dime Community Bancshares Management

Management criteria checks 2/4

Key information

Recent management updates

Dime Community Bancshares, Inc., Annual General Meeting, May 23, 2024

Dime Community Bancshares, Inc. Announces Director Appointments for National Deposits Group

CEO, COO recently sold €376k worth of stock

Dime Community Bancshares, Inc. Appoints Judith H. Germano to Its Board of Directors and Credit Risk, Enterprise Risk, and Strategic Planning Committees, Effective as of September 28, 2023

Dime Community Bancshares, Inc. Appoints Daniel Shaya Csillag as Group Head of Healthcare Vertical

Dime Community Bancshares, Inc. Announces Board Changes, Effective September 28, 2023

Recent updates

First quarter 2024 earnings released: EPS: US$0.41 (vs US$0.92 in 1Q 2023)

New minor risk - Profit margin trend

Dime Community Bancshares, Inc. to Report Q1, 2024 Results on Apr 23, 2024

Dime Community Bancshares, Inc., Annual General Meeting, May 23, 2024

Fourth quarter dividend of US$0.25 announced

Dime Community Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on April 24, 2024

Dime Community Bancshares, Inc. Announces Director Appointments for National Deposits Group

Full year 2023 earnings released: EPS: US$2.29 (vs US$3.73 in FY 2022)

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 20%

Full year 2023 earnings released: EPS: US$2.29 (vs US$3.73 in FY 2022)

Dime Community Bancshares, Inc. to Report Q4, 2023 Results on Jan 26, 2024

Upcoming dividend of US$0.25 per share at 3.8% yield

Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock, Payable on January 24, 2024

Investor sentiment improves as stock rises 16%

CEO, COO recently sold €376k worth of stock

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.34 (vs US$0.97 in 3Q 2022)

Dime Community Bancshares, Inc. Reports Net Charge-Offs Results for the Third Quarter Ended September 30, 2023

Dime Community Bancshares, Inc. to Report Q3, 2023 Results on Oct 19, 2023

Dime Community Bancshares, Inc. Appoints Judith H. Germano to Its Board of Directors and Credit Risk, Enterprise Risk, and Strategic Planning Committees, Effective as of September 28, 2023

Dime Community Bancshares, Inc. Appoints Daniel Shaya Csillag as Group Head of Healthcare Vertical

Dime Community Bancshares, Inc. Announces Board Changes, Effective September 28, 2023

Second quarter 2023 earnings released: EPS: US$0.66 (vs US$0.94 in 2Q 2022)

Dime Community Bancshares, Inc. Reports Net Charge Off for the Three Months Ended June 30, 2023

Now 21% undervalued

Dime Community Bancshares, Inc. to Report Q2, 2023 Results on Jul 28, 2023

Dime Community Bancshares, Inc. Declares Quarterly Cash Dividend for Common Stock, Payable on July 24, 2023

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 16%

Independent Director recently bought €369k worth of stock

Dime Community Bancshares, Inc Announces the Promotion of Steven Karaman to Corporate Treasurer

Dime Announces Upgrades to Technology Platform

Insufficient new directors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age