Eastern Bankshares Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Bob Rivers (57 yo)

15.83yrs

Tenure

US$4,208,543

Compensation

Mr. Robert F. Rivers, also known as Bob, has been the Chief Executive Officer of Eastern Bank since January 1, 2017 and serves as its Chairman since January 1, 2017. Mr. Rivers serves as Chairman and Chief...


CEO Compensation Analysis

How has Bob Rivers's remuneration changed compared to Eastern Bankshares's earnings?
DateTotal Comp.SalaryCompany Earnings
Sep 30 2022n/an/a

US$193m

Jun 30 2022n/an/a

US$175m

Mar 31 2022n/an/a

US$159m

Dec 31 2021US$4mUS$995k

US$155m

Sep 30 2021n/an/a

US$76m

Jun 30 2021n/an/a

US$67m

Mar 31 2021n/an/a

US$62m

Dec 31 2020US$4mUS$988k

US$23m

Sep 30 2020n/an/a

US$98m

Jun 30 2020n/an/a

US$105m

Mar 31 2020n/an/a

US$111m

Dec 31 2019US$3mUS$929k

US$135m

Compensation vs Market: Bob's total compensation ($USD4.21M) is below average for companies of similar size in the US market ($USD6.61M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Rivers
Chairman & CEO5.83yrsUS$4.21m0.13%
$ 3.9m
Quincy Miller
Presidentno dataUS$1.79m0.053%
$ 1.7m
James Fitzgerald
CFO, Chief Administrative Officer & Treasurerno dataUS$1.84m0.094%
$ 2.9m
Jillian Belliveau
Head of Investor Relationsno datano datano data
Kathleen Henry
Executive VPno datano data0.013%
$ 411.9k
Timothy Lodge
President & CEO of Eastern Insurance Group LLC0.83yrno data0.011%
$ 351.5k
Nancy Stager
President & CEO of Eastern Bank Foundation3.33yrsno data0.039%
$ 1.2m

3.3yrs

Average Tenure

53yo

Average Age

Experienced Management: EBC's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Rivers
Chairman & CEO15.83yrsUS$4.21m0.13%
$ 3.9m
Joseph Chung
Independent Director8.83yrsUS$1.36m0.072%
$ 2.2m
Diane Hessan
Independent Director6.83yrsUS$1.34m0.067%
$ 2.1m
Paul Connolly
Independent Director11.83yrsUS$1.37m0.048%
$ 1.5m
Deborah Jackson
Independent Lead Director21.83yrsUS$1.39m0.061%
$ 1.9m
Peter Markell
Independent Director16.83yrsUS$1.37m0.10%
$ 3.2m
Richard Holbrook
Director21.83yrsUS$1.35m0.16%
$ 5.1m
Richard Bane
Independent Director26.83yrsUS$1.38m0.12%
$ 3.6m
Paul Spiess
Independent Director7.92yrsUS$1.36m0.10%
$ 3.2m
Luis Borgen
Independent Director6.83yrsUS$1.35m0.056%
$ 1.7m
Bari Harlam
Independent Director8.83yrsUS$1.34m0.048%
$ 1.5m
Gregory Shell
Independent Director4.83yrsUS$1.34m0.11%
$ 3.3m

10.3yrs

Average Tenure

66.5yo

Average Age

Experienced Board: EBC's board of directors are seasoned and experienced ( 10.3 years average tenure).