Patriot National Bancorp Management
Management criteria checks 3/4
Patriot National Bancorp's CEO is David Lowery, appointed in Apr 2023, has a tenure of 1.17 years. total yearly compensation is $434.30K, comprised of 82.6% salary and 17.4% bonuses, including company stock and options. directly owns 2.03% of the company’s shares, worth €151.86K. The average tenure of the management team and the board of directors is 3.3 years and 13.7 years respectively.
Key information
David Lowery
Chief executive officer
US$434.3k
Total compensation
| CEO salary percentage | 82.6% |
| CEO tenure | 1.2yrs |
| CEO ownership | 2.0% |
| Management average tenure | 3.3yrs |
| Board average tenure | 13.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -US$4m |
| Dec 31 2023 | US$434k | US$359k | -US$4m |
| Sep 30 2023 | n/a | n/a | -US$3m |
| Jun 30 2023 | n/a | n/a | US$3m |
| Mar 31 2023 | n/a | n/a | US$5m |
| Dec 31 2022 | US$365k | US$272k | US$6m |
| Sep 30 2022 | n/a | n/a | US$6m |
| Jun 30 2022 | n/a | n/a | US$5m |
| Mar 31 2022 | n/a | n/a | US$5m |
| Dec 31 2021 | US$285k | US$185k | US$5m |
Compensation vs Market: David's total compensation ($USD434.30K) is about average for companies of similar size in the German market ($USD432.64K).
Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.
CEO
David Lowery (48 yo)
1.2yrs
Tenure
US$434,296
Compensation
Mr. David Christopher Lowery is Chief Executive Officer, President & Director of Patriot Bank, National Association and Patriot National Bancorp, Inc. since April 21, 2023. He served as Executive Vice Pres...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.2yrs | US$434.30k | 2.03% $ 151.9k | |
| Executive VP & CFO | 7.1yrs | US$356.35k | 0.11% $ 8.0k | |
| Executive VP & Chief Payments Officer of Patriot Bank | 1.8yrs | US$462.88k | no data | |
| Secretary & Chief Human Resources Officer | 9.6yrs | US$267.86k | 0.081% $ 6.0k | |
| Senior VP & Deputy Chief Credit Officer | no data | no data | no data | |
| VP & Senior Underwriter | 3.3yrs | no data | no data |
3.3yrs
Average Tenure
59yo
Average Age
Experienced Management: PN21's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.2yrs | US$434.30k | 2.03% $ 151.9k | |
| Chairman of the Board | 13.7yrs | US$153.07k | 1.69% $ 126.4k | |
| Independent Director | 13.7yrs | US$56.57k | 0.64% $ 47.6k | |
| Independent Director | 13.7yrs | US$86.42k | 1.73% $ 129.6k | |
| Lead Independent Director | 13.7yrs | US$88.37k | 0.54% $ 40.1k | |
| Independent Director | less than a year | US$16.12k | 0.12% $ 9.1k |
13.7yrs
Average Tenure
57yo
Average Age
Experienced Board: PN21's board of directors are seasoned and experienced ( 13.7 years average tenure).