Banking
Carver Bancorp Executive Compensation (FY25)
CARV · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Donald Felix | Latest say-on-pay support = December 12, 2024 |
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Data as of November 12, 2026Latest filing (10-K/A): July 29, 2025
4 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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79 figures on this page: 78 cited to the filing that reported them, 1 calculated from figures it prints. See the citations
Carver Bancorp does not file an annual proxy statement (DEF 14A). Its executive compensation is disclosed directly in its Form 10-K (Part III), which is the filing cited throughout this document. A Form 10-K does not carry a disclosed compensation peer group; those sections are absent from this document for that reason, not from a data gap.
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 of record: Michael Pugh → Donald Felix
Frequently asked questions
Answers drawn from the data on this page.
Who is Carver Bancorp's chief executive and what were they paid?
Total compensation for Donald Felix, President and Chief Executive Officer, came to $455,768 in fiscal 2025.
What was Carver Bancorp's say-on-pay result?
For fiscal 2024, shareholders backed the say-on-pay proposal with 35.0% of votes cast including abstentions in favor at the meeting held December 12, 2024.
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 |
|---|---|---|---|---|---|---|---|---|
Michael Pugh President and Chief Executive Officer | ◇ | — | — | — | — | — | ◇ | ◇ |
First Christina L. Maier Senior Vice President and Chief Financial Officer | ◇ | — | — | — | — | — | ◇ | ◇ |
Isaac Torres Senior Vice President General Counsel & Corporate Secretary | ◇ | — | — | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Pugh Former President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Christina Maier First Senior Vice President and Chief Financial Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Isaac Torres Senior Vice President General Counsel & Corporate Secretary | ◇ | — | ◇ | — | — | — | ◇ | — not reconciled |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Pugh Former President and Chief Executive Officer Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Marc Winkler Senior Vice President and Chief Administrative Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Christina Maier First Senior Vice President and Chief Financial Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Craig MacKay Interim President and Chief Executive Officer Served on an interim basis | ◇ | — | — | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Craig MacKay Former Interim President and Chief Executive Officer (2) Departed during or after this year Served on an interim basis | ◇ | — | — | — | — | — | ◇ | ◇ |
Donald Felix President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | — | ◇ |
Marc Winkler Senior Vice President and Chief Administrative Officer (4) | ◇ | — | — | — | — | — | ◇ | ◇ |
Christina Maier First Senior Vice President 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 2024
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Christina Maier | OTHER | — | — | — | — | — | — | ◇ |
| Marc Winkler | OTHER | — | — | — | — | — | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Donald Felix | RSU | ◇ | ◇ | — | — |
| Marc Winkler | RSU | ◇ | ◇ | — | — |
| Christina Maier | 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 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Lewis P. Jones III Board chair | ◇ | — | — | — | — | — | ◇ |
Pazel G. Jackson Jr | ◇ | — | — | — | — | — | ◇ |
Colvin W. Grannum | ◇ | — | — | — | — | — | ◇ |
Kenneth J. Knuckles | ◇ | — | — | — | — | — | ◇ |
Robin L. Nunn | ◇ | — | — | — | — | — | ◇ |
Jillian E. Joseph | ◇ | — | — | — | — | — | ◇ |
Craig C. MacKay | ◇ | — | — | — | — | — | ◇ |
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 chair premium | ◇ |
| Audit committee chair | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | December 12, 2024 | = | ◇ | ◇ | ◇ |
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Craig MacKay (Former Interim President and Chief Executive Officer (2)), FY2025 total compensation $493,951 (base salary $491,874) [exec_comp, SEC accession 0001104659-25-071731, filed 2025-07-29]What this page does not include
Everything above is a fact Carver Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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 — $299Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $299Realizable 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 IntelligenceSay-on-pay responsiveness
Carver Bancorp recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysisAdviser 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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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
79 figures on this page: 78 cited to the filing that reported them, 1 calculated from figures it prints.
78 cited to the filing
1 calculated from the filing
Documents cited
- 0001104659-25-071731
- 0001104659-24-113051
- 0001104659-23-085255SUMMARY COMPENSATION TABLE AT MARCH&
- 0000943374-24-000489
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Carver Bancorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CARV (accessed 2026).
Short form: data: Velarion
The Carver Bancorp brief, $299
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $449.
4 filings cited on this page
Method: intel.velarion.ai/methodology
If a report fails to generate we keep working until you have it. No refunds on one-time reports.
Published by Velarion Company Intelligence
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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}
}