Banking
Flushing Financial Executive Compensation (FY24)
FFIC · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024 ◇ John Buran | Latest say-on-pay support = May 28, 2025 | Chief executive pay ratio ◇ To the median employee |
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Data as of October 19, 2026Latest filing (8-K): May 29, 2025
11 filings cited on this page
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314 figures on this page: 304 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
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 of the Company and the Bank, 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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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 | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Francis W. Korzekwinski | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Francis W. Korzekwinski | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| John R. Buran | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| John R. Buran | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Maria A. Grasso | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Maria A. Grasso | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Michael Bingold | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael Bingold | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Susan K. Cullen | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Susan K. Cullen | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Francis Korzekwinski | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Susan Cullen | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| John Buran | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Maria Grasso | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Michael Bingold | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| 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.
Severance and change in control
The terms as written in the agreements.
John Buran
President and Chief Executive Officer of the Company and the Bank · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Maria Grasso
Senior Executive Vice President and Chief Operating Officer of the Company and the Bank, and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance cash amount | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Excise tax treatment | ◇ |
Michael Bingold
Senior Executive Vice President and Chief Retail and Client Development Officer of the Company and the Bank · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Change-in-control trigger | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation | ◇ |
| Excise tax treatment | ◇ |
Susan Cullen
Senior Executive Vice President, Treasurer and Chief Financial Officer of the Company, and the Bank · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance cash amount | ◇ |
| Change-in-control multiple | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Excise tax treatment | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2024
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Alfred A. DelliBovi Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Louis C. Grassi | ◇ | ◇ | — | — | — | — | ◇ |
Steven J. D'Iorio | ◇ | ◇ | — | — | — | — | ◇ |
Douglas C. Manditch | ◇ | ◇ | — | — | — | — | ◇ |
John J. McCabe | ◇ | ◇ | — | — | — | — | ◇ |
Sam S. Han | ◇ | ◇ | — | — | — | — | ◇ |
Michael A. Azarian | ◇ | ◇ | — | — | — | — | ◇ |
Donna M. O'Brien | ◇ | ◇ | — | — | — | — | ◇ |
Caren C. Yoh | ◇ | ◇ | — | — | — | — | ◇ |
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 | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Equity is delivered as restricted stock units.
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. BHLB
- 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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | May 28, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 29, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 16, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 17, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 18, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 26, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 29, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 30, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 31, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 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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- John Buran (President and Chief Executive Officer of the Company and the Bank), FY2024 total compensation $2,433,701 (base salary $1,160,500) [exec_comp, SEC accession 0001193125-25-083786, filed 2025-04-17]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 — $1,500Written 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 — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable 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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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
314 figures on this page: 304 cited to the filing that reported them, 10 calculated from figures it prints.
304 cited to the filing
10 calculated from the filing
Documents cited
- 0000923139-25-000024Douglas C. Manditch 24,898,551 1,829,541 14,828 3,099,103 Advisory approval of executive compensation
- 0001193125-25-083786CEO Pay Ratio · Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Grants of Plan Based Awards in 2024 · and 2 more sections
- 0000923139-24-0000193,132,261 Sam S. Han 21,142,230 1,243,669 92,507 3,132,261 Advisory approval of executive compensation
- 0000923139-23-000024Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000923139-22-000034
- 0000923139-21-000020
- 0001558370-20-007020
- 0001171843-19-003778
- 0001171843-18-004394
- 0001171843-17-003416
- 0001171843-16-010142
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Velarion, “Flushing Financial executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/FFIC (accessed 2026).
Short form: data: Velarion
The Flushing Financial 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.
11 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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Peers Flushing Financial discloses
The companies named in FFIC's own disclosed peer group.
Berkshire Hills Bancorp, Inc.Brookline Bancorp, Inc.Columbia Financial Inc.Community Bank System, Inc.ConnectOne Bancorp, Inc.Dime Community Bancshares, Inc.Eagle Bancorp, Inc.First Commonwealth Financial CorporationFirst of Long Island CorporationKearny Financial CorporationLakeland Bancorp, IncNBT Bancorp Inc.Northfield Bancorp, Inc.Northwest Bancshares, Inc.OceanFirst Financial CorporationPeapack-Gladstone Financial Corp.Provident Financial Services, Inc.S&T Bancorp, Inc.Sandy Springs Bancorp, IncTompkins Financial CorporationTrustCo Bank Corp NYWashington Trust Bancorp, Inc.
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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}
}