Sterling Bancorp Executive Compensation (FY23)

SBT · Executive and director compensation, fiscal 2022 to 2023
Chief executive, fiscal 2023
◇
Thomas O'Brien
Latest say-on-pay support
=
May 17, 2023
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Data as of October 16, 2026Latest filing (DEF 14A): April 4, 2024
5 filings cited on this page
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117 figures on this page: 113 cited to the filing that reported them, 4 calculated from figures it prints. See the citations

More on Sterling Bancorp

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2022 to fiscal 2023
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Thomas O'Brien: $3,048,707 → $4,064,239 (33.3% higher)
Say-on-pay support: 85.0% → 78.9% (6.1 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Sterling Bancorp's chief executive and what were they paid?
Total compensation for Thomas O'Brien, Chief Executive Officer, came to $4,064,239 in fiscal 2023. O'Brien's total was 33.3% higher than the $3,048,707 reported for fiscal 2022.
What was Sterling Bancorp's say-on-pay result?
For fiscal 2022, shareholders backed the say-on-pay proposal with 78.9% of votes cast for or against in favor at the meeting held May 17, 2023.
Which companies are in Sterling Bancorp's peer group?
The disclosed peer group names Banc of California, Inc., Bank of Marin Bancorp, Banner Corporation, Brookline Bancorp Inc. and Central Pacific Financial Corp., among others.

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
Thomas O'Brien
Chief Executive Officer
◇—————◇◇
Karen Knott
Chief Financial Officer
◇◇◇———◇◇
Christine Meredith
Senior Executive Vice President and Chief Risk Officer
◇◇◇———◇◇
Colleen Kimmel
Former Executive Vice President, General Counsel and Corporate Secretary
◇◇◇———◇◇
Elizabeth Keogh
Chief Legal Officer
◇—————◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas O'Brien
Chief Executive Officer
◇—◇———◇◇
Christine Meredith
Senior Executive Vice President and Chief Risk Officer
◇◇◇———◇◇
Elizabeth Keogh
Chief Legal Officer
◇◇◇———◇◇
Karen Knott
Chief Financial Officer
◇◇◇———◇◇
Colleen Kimmel
Former Executive Vice President, General Counsel and Corporate Secretary
Departed during or after this year
◇◇————◇◇
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 2023
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christine MeredithRSU◇——◇——◇
Elizabeth M. KeoghOTHER◇——◇——◇
Karen KnottRSU◇——◇——◇
Thomas M. O’BrienRSU◇——◇——◇
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 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Christine MeredithRSU◇◇——
RSU◇◇——
RSU◇◇——
Elizabeth KeoghRSU◇◇——
Thomas O'BrienRSU◇◇——
Karen KnottRSU◇◇——
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 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Denny Kim
◇◇————◇
Tracey Dedrick
Lead independent director
◇◇————◇
Peggy Daitch
◇◇————◇
Michael Donahue
◇◇————◇
Steven E. Gallotta
◇◇————◇
Benjamin Wineman
◇◇————◇
Lyle Wolberg
◇◇————◇
Eboh Duke Okorie
◇◇————◇
Christine Meredith and Thomas M. O'Brien served on the board in fiscal 2023 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
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◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2023
  • Banc of California, Inc. BANC
  • Bank of Marin Bancorp BMRC
  • Banner Corporation BANR
  • Brookline Bancorp Inc. BRKL
  • Central Pacific Financial Corp. CPF
  • CVB Financial Corp. CVBF
  • First Foundation Inc. FFWM
  • Flushing Financial Corp FFIC
  • Hanmi Financial Corporation HAFC
  • Heritage Commerce Corp HTBK
  • Heritage Financial Corporation HFWA
  • Lakeland Bancorp Inc. LBAI
  • Luther Burbank Corporation LBC
  • Mercantile Bank Corporation MBWM
  • National Bank Holdings Corporation NBHC
  • Northfield Bancorp, Inc. NFBK
  • Peapack-Gladstone Financial Corporation PGC
  • RBB Bancorp RBB
  • TriCo Bancshares TCBK
  • Washington Federal, Inc. symbol not shown
  • Waterstone Financial, Inc. WSBF

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2022May 17, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 27, 2021=◇◇◇
2019December 4, 2020=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Thomas O'Brien (Chief Executive Officer), FY2023 total compensation $4,064,239 (base salary $2,014,423) [exec_comp, SEC accession 0001140361-24-017813, filed 2024-04-04]

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What this page does not include

Everything above is a fact Sterling Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Sterling 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.
117 figures on this page: 113 cited to the filing that reported them, 4 calculated from figures it prints.
113 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001140361-24-017813
    Director Compensation · Grants of Plan-Based Awards
  2. 0001104659-23-062126
    Item 5.07 Submission of Matters to a Vote of Security Holders
  3. 0001104659-22-063478
    Proposal 2 Advisory, Non-Binding Vote to Approve the Compensation of Named Executive Officers for 2021
  4. 0001104659-21-073843
    Proposal 2 Advisory, Non-Binding Vote to Approve the Compensation of Named Executive Officers for 2020
  5. 0001104659-20-132911
    Proposal 3 Approval of Sterling Bancorp, Inc. 2020 Omnibus Equity Incentive Plan
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Sterling Bancorp executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/SBT (accessed 2026).
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The paid brief for Sterling Bancorp

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
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 Sterling Bancorp discloses

The companies named in SBT'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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