HarborOne Bancorp Executive Compensation (FY24)

HONE · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024
◇
Joseph Casey
Median of the other named officers
$541,912
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 13, 2025
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 14, 2025
5 filings cited on this page
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244 figures on this page: 240 cited to the filing that reported them, 4 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 — Joseph Casey: $2,873,564 → $1,996,521 (30.5% lower)
Say-on-pay support: 72.9% → 92.9% (20.0 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is HarborOne Bancorp's chief executive and what were they paid?
Total compensation for Joseph Casey, President and Chief Executive Officer, came to $1,996,521 in fiscal 2024. Casey's total moved 30.5% lower from the $2,873,564 reported for fiscal 2023.
What was HarborOne Bancorp's say-on-pay result?
For fiscal 2024, shareholders backed the say-on-pay proposal with 92.9% of votes cast for or against in favor at the meeting held May 13, 2025.
Which companies are in HarborOne Bancorp's peer group?
Companies named in the disclosed peer group include Arrow Financial Corporation, Bar Harbor Bankshares, Brookline Bancorp, Inc., Cambridge Bancorp and Camden National Corporation, among others.
What is HarborOne Bancorp's chief executive pay ratio?
The company reported a chief executive pay ratio of 21:1 for fiscal 2024, against median employee compensation of $94,882.

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
Joseph Casey
President and Chief Executive Officer
◇—◇—◇◇◇◇
H. Scott Sanborn
Executive Vice President, Chief Lending Officer
◇—◇—◇—◇◇
Inez Friedman-Boyce
Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Casey
President and Chief Executive Officer
◇—◇—◇◇◇◇
H. Scott Sanborn
Executive Vice President, Chief Lending Officer
◇—◇—◇—◇◇
Inez Friedman-Boyce
Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretary
◇—◇—◇—◇◇
Jean Levesque
Former Interim Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Casey
President and Chief Executive Officer
◇—◇—◇◇◇◇
H. Scott Sanborn
Executive Vice President, Chief Lending Officer
◇—◇—◇—◇◇
Inez Friedman-Boyce
Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretary
◇—◇—◇—◇◇
Joseph McQuade
Executive Vice President, Chief Risk Officer
◇—◇—◇—◇◇
Stephen Finocchio
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Jean Levesque
Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇—◇—◇—◇◇
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
H. Scott SanbornRSU◇——◇——◇
H. Scott SanbornPSU◇◇◇—◇—◇
Inez H. Friedman-BoyceRSU◇——◇——◇
Inez H. Friedman-BoycePSU◇◇◇—◇—◇
Jean M. LevesqueRSU◇——◇——◇
Jean M. LevesquePSU◇◇◇—◇—◇
Joseph E. McQuadeRSU◇——◇——◇
Joseph E. McQuadePSU◇◇◇—◇—◇
Joseph F. CaseyRSU◇——◇——◇
Joseph F. CaseyPSU◇◇◇—◇—◇
Stephen W. FinocchioRSU◇——◇——◇
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
H. Scott SanbornPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇—
Jean LevesqueRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Joseph CaseyOption◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Stephen FinocchioRSU◇◇——
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.
H. Scott Sanborn
Chief Credit Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Inez Friedman-Boyce
Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Joseph Casey
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Joseph McQuade
Executive Vice President, Chief Risk Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Stephen Finocchio
Executive Vice President, Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael J. Sullivan, Esq
Board chair
◇◇———◇◇
Joseph F. Barry
◇◇——◇◇◇
David P. Frenette, Esq
◇◇——◇◇◇
Barry R. Koretz
◇◇——◇◇◇
Andreana Santangelo
◇◇———◇◇
Dr. Timothy R. Lynch
◇◇——◇◇◇
Mandy Lee Berman
◇◇———◇◇
Damian W. Wilmot, Esq
◇◇———◇◇
William A. Payne
◇◇———◇◇
Anne H. Margulies
◇◇———◇◇
Gordon Jezard
◇◇——◇◇◇
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◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • Arrow Financial Corporation AROW
  • Bar Harbor Bankshares BHB
  • Brookline Bancorp, Inc. BRKL
  • Cambridge Bancorp CATC
  • Camden National Corporation CAC
  • CNB Financial Corporation CCNE
  • ConnectOne Bancorp, Inc. CNOB
  • Enterprise Bancorp, Inc. EBTC
  • Farmers National Banc Corp. FMNB
  • Financial Institutions, Inc. FISI
  • Flushing Financial Corporation FFIC
  • Kearny Financial Corp. KRNY
  • Mid Penn Bancorp, Inc. MPB
  • Northfield Bancorp, Inc. NFBK
  • Orrstown Financial Services, Inc. ORRF
  • Peapack-Gladstone Financial Corporation PGC
  • Peoples Financial Services Corp. PFIS
  • The First of Long Island Corporation FLIC
  • Univest Financial Corporation UVSP
  • Washington Trust Bancorp, Inc. WASH

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024May 13, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 18, 2022=◇◇◇

Chief executive pay ratio

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

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Sample answer — “What is the CEO’s total compensation?”
- Joseph Casey (President and Chief Executive Officer), FY2024 total compensation $1,996,521 (base salary $740,385) [exec_comp, SEC accession 0001558370-25-004227, filed 2025-04-01]

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What this page does not include

Everything above is a fact HarborOne Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where HarborOne Bancorp 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.
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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.
244 figures on this page: 240 cited to the filing that reported them, 4 calculated from figures it prints.
240 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001558370-25-007771
    3,309,619 634,846 23,881 0 3. Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers: For Against Abstain Broker Non-Vote
  2. 0001558370-25-004227
    CEO Pay Ratio · Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Outstanding Equity Awards at Year End
  3. 0001558370-24-008417
    6,019,466 254,394 52,752 0 3. Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers: For Against Abstain Broker Non-Vote
  4. 0001558370-23-010188
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001558370-22-009207
    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, “HarborOne Bancorp executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/HONE (accessed 2026).
Short form: data: Velarion

The HarborOne Bancorp 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.
5 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 HarborOne Bancorp discloses

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

Terms on this page

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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