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Bar Harbor Bankshares Executive Compensation (FY25)

BHB · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Curtis Simard
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 21, 2026Latest filing (8-K): May 7, 2026
16 filings cited on this page
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Bar Harbor Bankshares brief$1,500Get the executive brief
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256 figures on this page: 246 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Curtis Simard: $1,869,311 → $1,925,946 (3.0% higher)
Say-on-pay support: 95.6% → 98.5% (2.9 points higher)
CEO pay ratio: 24.1:1 → 22:1 (8.7% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Bar Harbor Bankshares' chief executive and what were they paid?
Total compensation for Curtis Simard, President & CEO, came to $1,925,946 in fiscal 2025. Simard's total moved 3.0% higher from the $1,869,311 reported for fiscal 2024.
What was Bar Harbor Bankshares' say-on-pay result?
Shareholders supported the say-on-pay proposal with 98.5% of votes cast for or against in favor at the meeting held May 7, 2026 for fiscal 2025.
Which companies are in Bar Harbor Bankshares' peer group?
Companies named in the disclosed peer group include Arrow Financial Corporation, Bankwell Financial Group, Inc., Camden National Corporation, Chemung Financial Corporation and Citizens & Northern Corporation, among others.
What is Bar Harbor Bankshares' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 22:1.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Curtis Simard
President & CEO
◇—◇—◇—◇◇
Josephine Iannelli
EVP, CFO and Treasurer
◇—◇—◇—◇◇
John Mercier
EVP, Chief Lending Officer
◇—◇—◇—◇◇
Marion Colombo
EVP, Director of Retail Delivery
◇—◇—◇—◇◇
Jason Edgar
President, Wealth
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Curtis Simard
President & CEO
◇—◇—◇—◇◇
Josephine Iannelli
EVP, CFO and Treasurer
◇—◇—◇—◇◇
John Mercier
EVP, Chief Lending Officer
◇—◇—◇—◇◇
Marion Colombo
EVP, Chief Retail Officer
◇—◇—◇—◇◇
Jason Edgar
President, Wealth
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Curtis Simard
President & CEO
◇—◇—◇—◇◇
Josephine Iannelli
EVP, CFO and Treasurer
◇—◇—◇—◇◇
John Mercier
EVP, Chief Lending Officer
◇—◇—◇—◇◇
Marion Colombo
EVP, Director of Retail Delivery
◇—◇—◇—◇◇
Jason Edgar
President, Wealth
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Curtis Simard
President & CEO
◇—◇—◇—◇◇
Josephine Iannelli
EVP, CFO and Treasurer
◇—◇—◇—◇◇
John Mercier
EVP, Chief Lending Officer
◇—◇—◇—◇◇
Marion Colombo
EVP, Chief Retail Officer
◇—◇—◇—◇◇
Jason Edgar
President, Wealth
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Curtis C. SimardRSU◇——◇——◇
Curtis C. SimardPSU◇◇◇———◇
Jason EdgarRSU◇——◇——◇
Jason EdgarPSU◇◇◇———◇
John M. MercierPSU◇◇◇———◇
John M. MercierRSU◇——◇——◇
Josephine IannelliPSU◇◇◇———◇
Josephine IannelliRSU◇——◇——◇
Marion ColomboRSU◇——◇——◇
Marion ColomboPSU◇◇◇———◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Josephine IannelliRSU◇◇——
PSU◇◇——
John MercierPSU◇◇——
RSU◇◇——
Curtis SimardRSU◇◇——
PSU◇◇——
Marion ColomboRSU◇◇——
PSU◇◇——
Jason EdgarPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Curtis Simard
President & CEO · Change-in-control agreement
Severance base◇
Change-in-control base◇
Non-compete period◇
Non-solicit period◇
Clawback◇
Jason Edgar
President, Wealth · Change-in-control agreement
Change-in-control base◇
Non-compete period◇
Non-solicit period◇
Clawback◇
John Mercier
EVP, Chief Lending Officer · Change-in-control agreement
Severance base◇
Change-in-control base◇
Non-compete period◇
Non-solicit period◇
Clawback◇
Josephine Iannelli
EVP, CFO and Treasurer · Change-in-control agreement
Severance base◇
Change-in-control base◇
Non-compete period◇
Non-solicit period◇
Clawback◇
Marion Colombo
EVP, Chief Retail Officer · Change-in-control agreement
Severance base◇
Change-in-control base◇
Non-compete period◇
Non-solicit period◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matthew L. Caras
Board chair
◇◇————◇
David M. Colter
◇◇————◇
Lauri E. Fernald
◇◇————◇
Kenneth E. Smith
◇◇————◇
Daina H. Belair
◇◇————◇
Scott G. Toothaker
◇◇————◇
Debra B. Miller
◇◇————◇
Heather D. Jones
◇◇————◇
Brian D. Shaw
◇◇————◇
James E. Graham
◇◇————◇
Curtis C. Simard served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Stock ownership guideline: The post-vesting holding requirement was eliminated for grants issued after the implementation of stock ownership guidelines.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Arrow Financial Corporation AROWS
  • Bankwell Financial Group, Inc. BWFG
  • Camden National Corporation CAC
  • Chemung Financial Corporation CHMG
  • Citizens & Northern Corporation CZNC
  • Citizens Financial Services Inc. CZFS
  • CNB Financial Corporation CCNE
  • Enterprise Bancorp, Inc. EBTC
  • Financial Institutions, Inc. FISI
  • Greene County Bancorp, Inc. GCBC
  • HarborOne Bancorp, Inc HONE
  • Orange County Bancorp, Inc OBT
  • Peoples Financial Services Corp. PFIS
  • The First Bancorp, Inc. FNLC
  • Tompkins Financial Corporation TMP
  • TrustCo Bank Corp NY TRST
  • Washington Trust Bancorp, Inc. WASH
  • Western New England Bancorp, Inc. WNEB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 18, 2021=◇◇◇
2019May 12, 2020=◇◇◇
2018May 21, 2019=◇◇◇
2017May 15, 2018=◇◇◇
2016May 16, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Curtis Simard (President & CEO), FY2025 total compensation $1,925,946 (base salary $760,000) [exec_comp, SEC accession 0001104659-26-032086, filed 2026-03-19]

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What this page does not include

Everything above is a fact Bar Harbor Bankshares disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Bar Harbor Bankshares sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
256 figures on this page: 246 cited to the filing that reported them, 10 calculated from figures it prints.
246 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001104659-26-057234
  2. 0001104659-26-032086
    2025 Director Compensation · COMPENSATION OF DIRECTORS
  3. 000110465926032086
    CEO Pay Ratio
  4. 0001558370-25-008022
  5. 0001104659-25-029873
    Summary Compensation Table
  6. 0001558370-24-008419
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001104659-24-041811
    Summary Compensation Table
  8. 0001558370-23-010190
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001104659-23-040163
  10. 0000743367-22-000012
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000743367-21-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001558370-20-006626
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000743367-19-000076
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000743367-18-000195
  15. 0000743367-18-000091
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0001193125-17-173571
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Bar Harbor Bankshares executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/BHB (accessed 2026).
Short form: data: Velarion

The Bar Harbor Bankshares brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Bar Harbor Bankshares discloses

The companies named in BHB's own disclosed peer group.

Bankwell Financial Group, Inc.Camden National CorporationChemung Financial CorporationCitizens & Northern CorporationCitizens Financial Services Inc.CNB Financial CorporationEnterprise Bancorp, Inc.Financial Institutions, Inc.Greene County Bancorp, Inc.HarborOne Bancorp, IncOrange County Bancorp, IncPeoples Financial Services Corp.The First Bancorp, Inc.Tompkins Financial CorporationTrustCo Bank Corp NYWashington Trust Bancorp, Inc.Western New England Bancorp, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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