Posted: 05/06/2025 03:50 am
John Marshall Bancorp, Inc. (NASDAQ: JMSB), a prominent player in the state commercial banking sector, has recently disclosed executive compensation data that sheds light on the company's strategic remuneration decisions amidst fluctuating market conditions. The compensation packages of key executives offer insights into the bank's prioritization of talent retention and performance incentives.
In 2024, Andrew J. Peden, the Senior Executive Vice President and Chief Banking Officer, received total compensation amounting to $589,698. This package includes a base salary of $360,000, a bonus of $130,000, and stock awards worth $64,638. Notably, Peden's compensation does not include any option awards or incentive plan compensation, yet he receives $35,060 classified as "all other compensation." This approach suggests a focus on fixed remuneration and a moderate reliance on stock-based incentives to align Peden's interests with the company's long-term goals.¹
Comparatively, in 2023, Christopher W. Bergstrom, then President & Chief Executive Officer, received a total compensation package of $1,410,062. His compensation structure was significantly weighted towards cash payments, comprising a $740,000 salary and a substantial $500,000 bonus. In marked contrast to 2024, Bergstrom's compensation did not include stock or option awards. Despite this, the "all other compensation" segment accounted for $170,062, indicating supplementary benefits or retirement contributions as critical facets of Bergstrom's package.²
A look back at 2021 reveals Bergstrom's total compensation then reached $1,775,437. This was buoyed by a salary of $650,000 and an impressive bonus of $685,000. The year also included stock awards valued at $150,018 and a significant $290,419 in "all other compensation." The higher levels of stock awards in this period reflect a strategy to incentivize through potential equity gains, encouraging stewardship behavior aligned with shareholder interests.³⁴
The current financial landscape for John Marshall Bancorp provides additional context to these compensation strategies. With the stock price at $16.90, reflecting a year-over-year decline of approximately 3.26%, and a price-earnings ratio of 13.63, the financial environment presents challenges for continued profitability and growth in shareholder value. The compensation strategies implemented may support bolstering executive performance through financial stability and accountability during market volatility.⁵
In summary, John Marshall Bancorp's executive compensation plans from 2021 to 2024 illustrate a dynamic shift in priorities—from relying heavily on cash incentives to a more balanced approach integrating stock awards. These compensation strategies underscore the company’s efforts to navigate between immediate performance goals and long-term organizational health.
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1. John Marshall Bancorp, Inc. SEC Filing, 2024 Compensation. [SEC Archive](https://www.sec.gov/Archives/edgar/data/1710482/000155837025005745/0001558370-25-005745-index.htm).
2. John Marshall Bancorp, Inc. SEC Filing, 2023 Compensation. [SEC Archive](https://www.sec.gov/Archives/edgar/data/1710482/000155837024006017/0001558370-24-006017-index.htm).
3. John Marshall Bancorp, Inc. SEC Filing, 2021 Compensation. [SEC Archive](https://www.sec.gov/Archives/edgar/data/1710482/000155837023007171/0001558370-23-007171-index.htm).
4. John Marshall Bancorp, Inc. SEC Filing, 2021 Compensation. [SEC Archive](https://www.sec.gov/Archives/edgar/data/1710482/000110465922056797/0001104659-22-056797-index.htm).
5. John Marshall Bancorp, Inc. Stock Price and Market Data. [MarketWatch].
