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Community Financial System Executive Compensation (FY25)

CBU · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Dimitar Karaivanov
Median of the other named officers
$1,131,000
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 22, 2026
15 filings cited on this page
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307 figures on this page: 296 cited to the filing that reported them, 11 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 — Dimitar Karaivanov: $2,700,891 → $2,793,781 (3.4% higher)
Say-on-pay support: 97.0% → 96.6% (0.4 points lower)
CEO pay ratio: 58:1 → 60:1 (3.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Community Financial System's chief executive and what were they paid?
Dimitar Karaivanov was paid $2,793,781 in total compensation as President, Chief Executive Officer and Director for fiscal 2025. Compared with the $2,700,891 reported for fiscal 2024, Karaivanov's total was 3.4% higher.
What was Community Financial System's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 96.6% of votes cast for or against in favor at the meeting held May 20, 2026.
Which companies are in Community Financial System's peer group?
The disclosed peer group names Associated Banc-Corp, F.N.B. Corporation, FB Financial Corporation, First Busey Corp. and First Commonwealth Financial Corporation, among others.
What is Community Financial System's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 60:1, against median employee compensation of $46,859.

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
Dimitar Karaivanov
EVP and Chief Operating Officer (CEO as of 1/1/2024)
◇—◇◇◇◇◇◇
Joseph Sutaris
EVP and Chief Financial Officer
◇—◇◇◇◇◇◇
Maureen Gillan-Myer
EVP and Chief Human Resources Officer
◇—◇◇◇◇◇◇
Jeffrey Levy
SVP and President, Commercial Banking (Chief Banking Officer as of 1/1/2024)
◇—◇◇◇◇◇◇
Mark Tryniski
President, Chief Executive Officer and Director (retired 12/31/2023)
◇—◇◇◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Tryniski
President, Chief Executive Officer and Director (retired 12/31/2023)
◇—◇◇◇◇◇◇
Dimitar Karaivanov
President, Chief Executive Officer and Director
◇—◇◇◇◇◇◇
Joseph Sutaris
Retired EVP and Chief Financial Officer
◇—◇◇◇◇◇◇
Maureen Gillan-Myer
EVP and Chief Administration and Human Resources Officer
◇—◇◇◇◇◇◇
Jeffrey Levy
Retired SVP and Chief Banking Officer
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dimitar Karaivanov
President, Chief Executive Officer and Director
◇—◇◇◇◇◇◇
Joseph Sutaris
EVP and Chief Financial Officer
◇—◇◇◇◇◇◇
Jeffrey Levy
SVP and Chief Banking Officer
◇—◇◇◇◇◇◇
Maureen Gillan-Myer
EVP and Chief Administration and Human Resources Officer
◇—◇◇◇◇◇◇
Michael Abdo
EVP and General Counsel
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dimitar Karaivanov
President, Chief Executive Officer and Director
◇—◇◇◇◇◇◇
Jeffrey Levy
Retired SVP and Chief Banking Officer
Departed during or after this year
◇—◇◇◇◇◇◇
Joseph Sutaris
Retired EVP and Chief Financial Officer
Departed during or after this year
◇—◇◇—◇◇◇
Maureen Gillan-Myer
EVP and Chief Administration and Human Resources Officer
◇—◇◇◇◇◇◇
Michael Abdo
EVP and General Counsel
◇—◇◇◇◇◇◇
Marya Burgio Wlos
EVP and Chief Financial Officer
◇—◇—◇◇◇◇
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
Marya Burgio WlosRSU◇——◇——◇
Fiscal 2023, 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
Michael AbdoOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
Option◇—◇—
PSU◇◇——
Jeffrey LevyOption◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
Option◇—◇—
RSU◇◇——
Option◇—◇—
Maureen Gillan-MyerOption◇—◇—
Option◇—◇—
RSU◇◇——
Option◇—◇—
PSU◇◇——
Option◇—◇—
Dimitar KaraivanovOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
PSU◇◇——
Option◇—◇—
Marya Burgio WlosRSU◇◇——
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.
Dimitar Karaivanov
President, Chief Executive Officer and Director · Employment agreement · citing a 2023 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Excise tax treatment◇
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
Eric E. Stickels
Board chair
◇◇————◇
Kerrie D. MacPherson
Lead independent director
◇◇————◇
Michele P. Sullivan
◇◇————◇
John F. Whipple, Jr
◇◇————◇
Neil E. Fesette
◇◇————◇
Mark J. Bolus
◇◇————◇
Jeffery J. Knauss
◇◇————◇
John Parente
◇◇————◇
Raymond C. Pecor, III
◇◇————◇
Savneet Singh
◇◇————◇
Sally A. Steele
◇◇————◇
Susan E. Skerritt
◇◇————◇
John A. Vaccaro
◇—————◇
Brenda M. Hall and Dimitar A. Karaivanov 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◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Associated Banc-Corp ASB
  • F.N.B. Corporation FNB
  • FB Financial Corporation FBK
  • First Busey Corp. BUSE
  • First Commonwealth Financial Corporation FCF
  • First Financial Bancorp. FFBC
  • Fulton Financial Corporation FULT
  • NBT Bancorp, Inc. NBTB
  • Northwest Bancshares, Inc. NWBI
  • Old National Bancorp ONB
  • Park National Corporation PRK
  • Pinnacle Financial Partners, Inc. PNFP
  • Provident Financial Services, Inc. PFS
  • TowneBank TOWN
  • Trustmark Corporation TRMK
  • WesBanco, Inc. WSBC
  • WSFS Financial Corporation WSFS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 21, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 20, 2020=◇◇◇
2018May 15, 2019=◇◇◇
2017May 16, 2018=◇◇◇
2016May 17, 2017=◇◇◇
2015May 18, 2016=◇◇◇

Chief executive pay ratio

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

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- Dimitar Karaivanov (President, Chief Executive Officer and Director), FY2025 total compensation $2,793,781 (base salary $900,000) [exec_comp, SEC accession 0001140361-26-011565, filed 2026-03-27]

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What this page does not include

Everything above is a fact Community Financial System disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Community Financial System 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.
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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.
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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.
307 figures on this page: 296 cited to the filing that reported them, 11 calculated from figures it prints.
296 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-065800
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-011565
    COMPENSATION OF DIRECTORS · DIRECTOR COMPENSATION · Grants of Plan-Based Awards · PAY RATIO · and 1 more section
  3. 0001104659-25-052458
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-010845
    SUMMARY COMPENSATION TABLE for Fiscal Years Ended December 31, 2024, 2023 and 2022
  5. 0001104659-24-063079
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001140361-24-016502
    SUMMARY COMPENSATION TABLE for Fiscal Years Ended December 31, 2023, 2022 and 2021 · Summary Compensation Table
  7. 0001104659-23-062741
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-22-063429
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001104659-21-068912
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104659-20-065452
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001144204-19-027113
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001144204-18-029869
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000723188-17-000035
  14. 0001140361-16-066473
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001104659-23-078194
    EX-10.4
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Velarion, “Community Financial System executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CBU (accessed 2026).
Short form: data: Velarion

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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Banking rankings

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

Peers Community Financial System discloses

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

Associated Banc-CorpF.N.B. CorporationFB Financial CorporationFirst Busey Corp.First Commonwealth Financial CorporationFirst Financial Bancorp.Fulton Financial CorporationNBT Bancorp, Inc.Northwest Bancshares, Inc.Old National BancorpPark National CorporationPinnacle Financial Partners, Inc.Provident Financial Services, Inc.TowneBankTrustmark CorporationWesBanco, Inc.WSFS Financial Corporation

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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