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Flushing Financial Executive Compensation (FY24)

FFIC · Executive and director compensation, fiscal 2022 to 2024
Data as of September 7, 2026Latest filing (8-K): May 29, 2025
267 figures on this page: 257 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
John Buran, President and Chief Executive Officer, received $2,433,701 in total compensation for fiscal 2024, and Buran's total moved 19.1% higher from the $2,042,655 reported for fiscal 2023. For fiscal 2024, the company reported a chief executive pay ratio of 30:1, against median employee compensation of $80,472. For fiscal 2024, shareholders backed the say-on-pay proposal with 89.1% of votes cast for or against in favor at the meeting held May 28, 2025. The disclosed peer group includes Berkshire Hills Bancorp, Inc., Brookline Bancorp, Inc., Columbia Financial Inc., Community Bank System, Inc. and ConnectOne Bancorp, Inc., among others.
Chief executive, fiscal 2024
◇
John Buran
Latest say-on-pay support
=
May 28, 2025
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — John Buran: $2,042,655 → $2,433,701 (19.1% higher)
Say-on-pay support: 92.3% → 89.1% (3.2 points lower)
CEO pay ratio: 27:1 → 30:1 (11.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Flushing Financial's chief executive and what were they paid?
John Buran, President and Chief Executive Officer, received $2,433,701 in total compensation for fiscal 2024. Buran's total moved 19.1% higher from the $2,042,655 reported for fiscal 2023.
What was Flushing Financial's say-on-pay result?
For fiscal 2024, shareholders backed the say-on-pay proposal with 89.1% of votes cast for or against in favor at the meeting held May 28, 2025.
Which companies are in Flushing Financial's peer group?
The disclosed peer group includes Berkshire Hills Bancorp, Inc., Brookline Bancorp, Inc., Columbia Financial Inc., Community Bank System, Inc. and ConnectOne Bancorp, Inc., among others.
What is Flushing Financial's chief executive pay ratio?
For fiscal 2024, the company reported a chief executive pay ratio of 30:1, against median employee compensation of $80,472.

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
John Buran
President and Chief Executive Officer of the Company and the Bank
◇—◇—◇—◇◇
Maria Grasso
Senior Executive Vice President and Chief Operating Officer of the Company and the Bank, and Corporate Secretary
◇—◇—◇—◇◇
Francis Korzekwinski
Senior Executive Vice President and Chief of Real Estate Lending of the Company and the Bank
◇—◇—◇—◇◇
Susan Cullen
Senior Executive Vice President, Treasurer and Chief Financial Officer of the Company, and the Bank
◇—◇—◇—◇◇
Michael Bingold
Senior Executive Vice President and Chief Retail and Client Development Officer of the Company and the Bank
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Buran
President and Chief Executive Officer
◇—◇—◇◇◇◇
Maria Grasso
Senior Executive Vice President, Chief Operating Officer and Corporate Secretary
◇—◇—◇—◇◇
Francis Korzekwinski
Senior Executive Vice President and Chief of Real Estate Lending
◇—◇—◇◇◇◇
Susan Cullen
Senior Executive Vice President, Treasurer and Chief Financial Officer
◇—◇—◇—◇◇
Michael Bingold
Senior Executive Vice President/Chief Retail and Client Development Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Buran
President and Chief Executive Officer
◇—◇—◇◇◇◇
Maria Grasso
Senior Executive Vice President, Chief Operating Officer and Corporate Secretary
◇—◇—◇—◇◇
Francis Korzekwinski
Senior Executive Vice President and Chief of Real Estate Lending
◇—◇—◇—◇◇
Susan Cullen
Senior Executive Vice President, Treasurer and Chief Financial Officer
◇—◇—◇—◇◇
Michael Bingold
Senior Executive Vice President/Chief Retail and Client Development 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 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Francis W. KorzekwinskiPSU◇◇◇—◇—◇
Francis W. KorzekwinskiRSU◇——◇——◇
John R. BuranPSU◇◇◇—◇—◇
John R. BuranRSU◇——◇——◇
Maria A. GrassoPSU◇◇◇—◇—◇
Maria A. GrassoRSU◇——◇——◇
Michael BingoldRSU◇——◇——◇
Michael BingoldPSU◇◇◇—◇—◇
Susan K. CullenPSU◇◇◇—◇—◇
Susan K. CullenRSU◇——◇——◇
Fiscal 2023 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 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Maria GrassoPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Francis KorzekwinskiRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Susan CullenRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Michael BingoldRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John BuranRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alfred A. DelliBovi
Board chair
◇◇————◇
Louis C. Grassi
◇◇————◇
Steven J. D'Iorio
◇◇————◇
Douglas C. Manditch
◇◇————◇
John J. McCabe
◇◇————◇
Sam S. Han
◇◇————◇
Caren C. Yoh
◇◇————◇
Donna M. O'Brien
◇◇————◇
Michael A. Azarian
◇◇————◇
James D. Bennett
◇◇————◇
John R. Buran served on the board in fiscal 2024 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◇
Compensation committee chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5,000 shares

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • Berkshire Hills Bancorp, Inc. BBT
  • Brookline Bancorp, Inc. BRKL
  • Columbia Financial Inc. CLBK
  • Community Bank System, Inc. CBU
  • ConnectOne Bancorp, Inc. CNOB
  • Dime Community Bancshares, Inc. DCOM
  • Eagle Bancorp, Inc. EGBN
  • First Commonwealth Financial Corporation FCF
  • First of Long Island Corporation FLIC
  • Kearny Financial Corporation KRNY
  • Lakeland Bancorp, Inc LBAI
  • NBT Bancorp Inc. NBTB
  • Northfield Bancorp, Inc. NFBK
  • Northwest Bancshares, Inc. NWBI
  • OceanFirst Financial Corporation OCFC
  • Peapack-Gladstone Financial Corp. PGC
  • Provident Financial Services, Inc. PFS
  • S&T Bancorp, Inc. STBA
  • Sandy Springs Bancorp, Inc SASR
  • Tompkins Financial Corporation TMP
  • TrustCo Bank Corp NY TRST
  • Washington Trust Bancorp, Inc. WASH

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024May 28, 2025=◇◇◇
2023May 29, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 18, 2021=◇◇◇
2019May 26, 2020=◇◇◇
2018May 29, 2019=◇◇◇
2017May 30, 2018=◇◇◇
2016May 31, 2017=◇◇◇
2015May 17, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Flushing Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Flushing Financial 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 — $1,200
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.
267 figures on this page: 257 cited to the filing that reported them, 10 calculated from figures it prints.
257 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000923139-25-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-25-083786
    CEO Pay Ratio · DIRECTOR COMPENSATION · Director Compensation Table · Grants of Plan Based Awards in 2024 · and 2 more sections
  3. 0000923139-24-000019
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-24-100269
    Summary Compensation Table
  5. 0000923139-23-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-23-093384
    Summary Compensation Table
  7. 0000923139-22-000034
  8. 0000923139-21-000020
  9. 0001558370-20-007020
  10. 0001171843-19-003778
  11. 0001171843-18-004394
  12. 0001171843-17-003416
  13. 0001171843-16-010142
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Velarion, “Flushing Financial executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/FFIC (accessed 2026).
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Banking rankings

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

Peers Flushing Financial discloses

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

Berkshire Hills Bancorp, Inc.Columbia Financial Inc.Community Bank System, Inc.ConnectOne Bancorp, Inc.Dime Community Bancshares, Inc.Eagle Bancorp, Inc.First Commonwealth Financial CorporationKearny Financial CorporationNBT Bancorp Inc.Northfield Bancorp, Inc.Northwest Bancshares, Inc.OceanFirst Financial CorporationPeapack-Gladstone Financial Corp.Provident Financial Services, Inc.S&T Bancorp, Inc.Tompkins Financial CorporationTrustCo Bank Corp NYWashington Trust Bancorp, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy