Hingham Institution for Savings Management

Management criteria checks 4/4

Hingham Institution for Savings' CEO is Robert Gaughen, appointed in Apr 1993, has a tenure of 31.58 years. total yearly compensation is $1.82M, comprised of 98.2% salary and 1.8% bonuses, including company stock and options. directly owns 2.35% of the company’s shares, worth $14.64M. The average tenure of the management team and the board of directors is 4.8 years and 29.3 years respectively.

Key information

Robert Gaughen

Chief executive officer

US$1.8m

Total compensation

CEO salary percentage	98.2%
CEO tenure	31.6yrs
CEO ownership	2.4%
Management average tenure	4.8yrs
Board average tenure	29.3yrs

Recent management updates

Recent updates

Hingham Institution for Savings (NASDAQ:HIFS) Has Affirmed Its Dividend Of $0.63

Apr 26

Hingham Institution for Savings' (NASDAQ:HIFS) Upcoming Dividend Will Be Larger Than Last Year's

Apr 20

Hingham Institution for Savings GAAP EPS of $4.77, revenue of $22.43M

Oct 14

Hingham Institution: Strong Loan Growth To Drive Core Earnings

Aug 14

Hingham Institution for Savings goes ex dividend tomorrow

Jul 28

Hingham Institution for Savings (NASDAQ:HIFS) Is Increasing Its Dividend To $0.59

Jul 21

Hingham Institution for Savings Non-GAAP EPS of $6.93, revenue of $14.47M

Jul 15

Hingham: One Of The Top-Performing Banks In The U.S.

Feb 22

Hingham Institution: Loan Growth Likely To Counter Margin Compression

Dec 13

Hingham Institution for Savings' (NASDAQ:HIFS) Dividend Will Be Increased To US$1.30

Nov 27

HIFS: One Of The Most Efficient Banks

Aug 18

CEO Compensation Analysis

How has Robert Gaughen's remuneration changed compared to Hingham Institution for Savings's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$23m
Jun 30 2024	n/a	n/a	US$21m
Mar 31 2024	n/a	n/a	US$25m
Dec 31 2023	US$2m	US$2m	US$26m
Sep 30 2023	n/a	n/a	US$32m
Jun 30 2023	n/a	n/a	US$39m
Mar 31 2023	n/a	n/a	US$34m
Dec 31 2022	US$2m	US$2m	US$38m
Sep 30 2022	n/a	n/a	US$42m
Jun 30 2022	n/a	n/a	US$46m
Mar 31 2022	n/a	n/a	US$63m
Dec 31 2021	US$2m	US$2m	US$67m
Sep 30 2021	n/a	n/a	US$68m
Jun 30 2021	n/a	n/a	US$69m
Mar 31 2021	n/a	n/a	US$65m
Dec 31 2020	US$2m	US$2m	US$51m
Sep 30 2020	n/a	n/a	US$45m
Jun 30 2020	n/a	n/a	US$39m
Mar 31 2020	n/a	n/a	US$31m
Dec 31 2019	US$2m	US$2m	US$39m
Sep 30 2019	n/a	n/a	US$32m
Jun 30 2019	n/a	n/a	US$32m
Mar 31 2019	n/a	n/a	US$31m
Dec 31 2018	US$2m	US$2m	US$30m
Sep 30 2018	n/a	n/a	US$32m
Jun 30 2018	n/a	n/a	US$30m
Mar 31 2018	n/a	n/a	US$29m
Dec 31 2017	US$2m	US$1m	US$26m

Compensation vs Market: Robert's total compensation ($USD1.82M) is below average for companies of similar size in the US market ($USD3.19M).

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

CEO

Robert Gaughen (75 yo)

31.6yrs

Tenure

US$1,824,435

Compensation

Mr. Robert H. Gaughen, Jr. is Chairman & CEO of Hingham Institution for Savings from April 2018. Mr. Gaughen was Chairman, President & CEO of Hingham Institution for Savings until April 2018. Mr. Gaughen w...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Gaughen	Chairman & CEO	31.6yrs	US$1.82m	2.35% $ 14.6m
Patrick Gaughen	President	6.6yrs	US$1.23m	0.54% $ 3.4m
Cristian Melej	VP & CFO	8.1yrs	US$613.58k	0.13% $ 831.6k
Daniel Bagley	VP & Chief Information Officer	3.1yrs	US$369.39k	no data
Jacqueline Youngworth	Clerk & Independent Director	no data	US$83.42k	0.90% $ 5.6m
Holly Cirignano	VP & Chief of Staff	2.8yrs	US$295.02k	0.028% $ 172.4k
Jeremy Martin	VP & Chief Compliance Officer	2.8yrs	no data	no data
Kayla Gaspar	VP of Marketing	2.1yrs	no data	no data
Eileen Trainor	VP & Treasurer	no data	no data	no data
Shawn Sullivan	Vice President of Commercial Lending	28.8yrs	US$449.41k	no data

4.8yrs

Average Tenure

46yo

Average Age

Experienced Management: HIFS's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Gaughen	Chairman & CEO	33.5yrs	US$1.82m	2.35% $ 14.6m
Patrick Gaughen	President	12.6yrs	US$1.23m	0.54% $ 3.4m
Jacqueline Youngworth	Clerk & Independent Director	27.8yrs	US$83.42k	0.90% $ 5.6m
Robert Sheridan	Independent Director	12yrs	US$32.40k	0.092% $ 570.9k
Ronald Falcione	Independent Director	31.8yrs	US$68.40k	1.08% $ 6.7m
Julio Hernando	Director	30.8yrs	US$68.97k	2.3% $ 14.3m
Robert Lane	Director	31.8yrs	US$64.80k	2.64% $ 16.5m
Stacey Page	Independent Director	32.8yrs	US$29.94k	0.43% $ 2.7m
Geoffrey Wilkinson	Independent Director	31.8yrs	US$30.60k	no data
Michael Desmond	Independent Director	14.6yrs	US$69.26k	0.36% $ 2.2m
Scott Moser	Independent Director	16.3yrs	US$28.80k	0.52% $ 3.2m
Brian Kenner	Independent Director	13.6yrs	US$29.94k	0.29% $ 1.8m

29.3yrs

Average Tenure

72yo

Average Age

Experienced Board: HIFS's board of directors are seasoned and experienced ( 29.3 years average tenure).

Hingham Institution for Savings Management

Management criteria checks 4/4

Key information

Recent management updates

Independent Director recently bought US$103k worth of stock

Independent Director exercised options to buy US$335k worth of stock.

Chairman & CEO exercised options and sold US$372k worth of stock

Clerk & Independent Director recently sold US$76k worth of stock

Chairman & CEO exercised options and sold US$474k worth of stock

Clerk & Independent Director recently sold US$91k worth of stock

Recent updates

Hingham Institution for Savings (NASDAQ:HIFS) Is Due To Pay A Dividend Of $0.63

Hingham Institution for Savings (NASDAQ:HIFS) Will Pay A Dividend Of $0.63

Hingham Savings Declares Regular Dividend, Payable on August 7, 2024

First quarter 2024 earnings released: EPS: US$3.17 (vs US$3.96 in 1Q 2023)

Hingham Institution For Savings: Why It's One Of My Favorite Banks In The U.S.

Hingham Institution for Savings (NASDAQ:HIFS) Has Affirmed Its Dividend Of $0.63

Upcoming dividend of US$0.63 per share

First quarter dividend of US$0.63 announced

First quarter 2024 earnings released: EPS: US$3.17 (vs US$3.96 in 1Q 2023)

Independent Director recently bought US$103k worth of stock

Independent Director exercised options to buy US$335k worth of stock.

Full year 2023 earnings released: EPS: US$12.26 (vs US$17.49 in FY 2022)

Chairman & CEO exercised options and sold US$372k worth of stock

Clerk & Independent Director recently sold US$76k worth of stock

Chairman & CEO exercised options and sold US$474k worth of stock

Clerk & Independent Director recently sold US$91k worth of stock

Full year 2023 earnings released: EPS: US$12.26 (vs US$17.49 in FY 2022)

Hingham Institution for Savings, Annual General Meeting, Apr 25, 2024

Upcoming dividend of US$0.63 per share at 1.6% yield

Chairman & CEO exercised options and sold US$208k worth of stock

Hingham Savings Declares Regular Dividend, Payable on January 10, 2024

Director recently sold US$112k worth of stock

Now 22% undervalued after recent price drop

Chairman & CEO exercised options and sold US$332k worth of stock

Director recently sold US$760k worth of stock

Upcoming dividend of US$0.63 per share at 2.0% yield

Now 26% undervalued after recent price drop

Now 22% undervalued after recent price drop

Independent Director recently sold US$199k worth of stock

Director exercised options to buy US$191k worth of stock.

Now 21% undervalued after recent price drop

New minor risk - Dividend sustainability

Clerk & Independent Director recently sold US$1.8m worth of stock

Upcoming dividend of US$0.63 per share at 1.4% yield

Second quarter 2023 earnings released: EPS: US$3.84 (vs US$1.49 in 2Q 2022)

Hingham Institution for Savings Declares Regular Cash Dividend, Payable on August 9, 2023

Independent Director exercised options to buy US$213k worth of stock.

Hingham Institution for Savings(NasdaqGM:HIFS) dropped from Russell 2000 Growth-Defensive Index

Investor sentiment improves as stock rises 19%

Clerk & Independent Director recently sold US$93k worth of stock

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.63 per share at 1.6% yield

Investor sentiment deteriorates as stock falls 18%

Hingham Institution for Savings' (NASDAQ:HIFS) Upcoming Dividend Will Be Larger Than Last Year's

Insider recently bought US$53k worth of stock

Director recently sold US$90k worth of stock

Clerk & Independent Director recently sold US$148k worth of stock

Hingham Institution for Savings, Annual General Meeting, Apr 27, 2023

Upcoming dividend of US$1.26 per share

Director recently sold US$323k worth of stock

Director exercised options and sold US$421k worth of stock

Hingham Institution for Savings Declares Special Dividend, Payable on January 11, 2023

Upcoming dividend of US$0.61 per share

Hingham Institution for Savings Declares Quarterly Dividend, Payable on November 9, 2022

Hingham Institution for Savings GAAP EPS of $4.77, revenue of $22.43M

Clerk & Independent Director recently sold US$85k worth of stock

Hingham Institution: Strong Loan Growth To Drive Core Earnings

Hingham Institution for Savings goes ex dividend tomorrow

Upcoming dividend of US$0.59 per share

Hingham Institution for Savings (NASDAQ:HIFS) Is Increasing Its Dividend To $0.59

Hingham Institution for Savings Declares Regular Quarterly Cash Dividend, Payable on August 10, 2022

Hingham Institution for Savings Non-GAAP EPS of $6.93, revenue of $14.47M

Director recently sold US$51k worth of stock

Clerk & Independent Director recently sold US$110k worth of stock

Now 20% undervalued after recent price drop

Clerk & Independent Director recently sold US$95k worth of stock

Now 21% undervalued after recent price drop

First quarter 2022 earnings released: EPS: US$5.54 (vs US$7.65 in 1Q 2021)

Clerk & Independent Director recently sold US$95k worth of stock