Pamela Carlton
EvercoreAbout Pamela G. Carlton
Pamela G. Carlton (age 70) is an independent director of Evercore Inc., serving since 2019. She spent 22 years in investment banking at Morgan Stanley (corporate finance, capital markets; Co-Director of U.S. & Latin America Equity Research) and later at JPMorgan Chase (Managing Director; Associate Director of U.S. Equity Research; Director of U.S. Equity Research for Chase Asset Management). She founded and has been President of Springboard – Partners in Cross Cultural Leadership, LLC since 2003. Carlton holds a B.A. from Williams College, a J.D. from Yale Law School, and an M.B.A. from Yale School of Management .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Springboard – Partners in Cross Cultural Leadership, LLC | President | 2003–present | Advises organizations on inclusive leadership and diversity |
| JPMorgan Chase | Managing Director; Associate Director of U.S. Equity Research | Through May 2003 | Led equity research; prior leadership at Chase Asset Management (1996–1999) |
| Morgan Stanley | Investment banker (corporate finance, capital markets); Co-Director of U.S. & Latin America Equity Research | 14 years | Senior leadership across banking and research |
| Cleary Gottlieb Steen & Hamilton | Corporate attorney | Early career | Corporate law foundation |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Columbia Mutual Fund complex and two Columbia closed-end funds | Director/Trustee; Chair of the Board | Current | Board leadership at fund complex |
| Apollo Commercial Real Estate Finance, Inc. | Director | Current | Chairs Nominating & Corporate Governance Committee |
| DR Bank | Director | Current | Chairs Audit Committee |
| NewYork-Presbyterian Hospital | Director | Current | Governance role at major nonprofit |
| Women’s Forum of New York | Member | Current | Professional network engagement |
| Yale SOM & Yale Law | Board of Visitors | Prior | Advisory roles |
| Williams College | Trustee (prior) | Prior | Institutional governance |
Board Governance
- Independence: The Board affirmatively determined Carlton is independent under NYSE rules and Evercore’s categorical standards; all committee members are independent .
- Committees: Audit Committee (member) and Nominating & Corporate Governance Committee (member) .
- Attendance: Board met 5 times in 2024; committees held 14 meetings (Audit 7, Compensation 5, Nominating 2). Each director attended over 80% of Board and applicable committee meetings .
- Lead independent director: Gail B. Harris presides over executive sessions; Board/Committee annual self-evaluations; executive sessions held regularly .
| Committee | Role | 2024 Meetings |
|---|---|---|
| Audit | Member | 7 |
| Nominating & Corporate Governance | Member | 2 |
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual Cash Retainer | $125,000 | Directors can elect cash/RSUs mix; Carlton received cash retainer |
| Annual RSU Grant | $125,000 value; 639 RSUs deliver on 1st anniversary | RSUs from June 18, 2024 grant deliver June 18, 2025 |
| Committee Chair Fees | $30,000 (for chairs) | Not applicable (Carlton is not a chair at EVR) |
| 2024 Total Director Compensation | $254,762 (Fees $125,000; Stock Awards $129,762) | Stock award fair value per FASB ASC 718 |
Performance Compensation
- Structure: Non-employee directors receive fixed retainers and time-based RSUs; no performance-conditioned metrics disclosed for director pay. Anti-hedging and anti-pledging policies apply to directors; clawback policy covers executive incentive-based compensation .
| Performance Metric | Target/Definition | Weighting | Status |
|---|---|---|---|
| None disclosed for directors | — | — | RSUs are time-based only |
Other Directorships & Interlocks
- Current public company boards: Apollo Commercial Real Estate Finance, Inc. (chairs Nominating & Corporate Governance); Columbia fund complex (Chair of Board); DR Bank (Audit Chair) .
- Potential interlocks: No related-party transactions disclosed involving Carlton; Board independence review covered director relationships and found Carlton independent .
Expertise & Qualifications
- Deep investment banking and equity research leadership (Morgan Stanley; JPMorgan) .
- Corporate governance and audit oversight experience (chairs at ARI, DR Bank; Chair at Columbia funds) .
- Education: B.A. Williams; J.D. Yale Law; M.B.A. Yale SOM .
- Board qualifications emphasized by EVR: experience in financial markets, inclusive leadership, and service on other boards .
Equity Ownership
| Holding | Amount | % of Class A | Notes |
|---|---|---|---|
| Class A common stock (beneficially owned) | 2,507 shares | <1% | As of April 14, 2025; no Voting Units |
| Unvested director RSUs (2024 grant) | 639 RSUs (deliver 6/18/2025) | — | Standard annual director RSU grant |
| Ownership guidelines | 3× most recent annual retainer | — | Directors must retain RSU-delivered shares until guideline met |
| Hedging/Pledging | Prohibited without Committee approval | — | Firm-wide anti-hedging and anti-pledging policies |
Insider Trades (Form 4)
| Date | Transaction | Shares | Price | Value | Source |
|---|---|---|---|---|---|
| Jul 29, 2024 | Sale | 534 | $247.07 | $131,935 | |
| Jun 18–20, 2024 | Stock award grant (annual RSUs) | 639 RSUs | — | — |
Note: Aggregators show subsequent administrative entries; the definitive proxy confirms the annual RSU grant of 639 units for non-employee directors re-elected on June 18, 2024 .
Governance Assessment
-
Strengths:
- Independent director with deep financial markets expertise and significant governance experience on external boards (chairs at ARI, DR Bank, and Columbia funds) .
- Active committee member on Audit and Nominating & Corporate Governance; high attendance (over 80%) in 2024 .
- Alignment mechanisms: annual director RSUs; equity ownership guidelines; anti-hedging/pledging policies .
-
Potential Risks/Red Flags:
- None disclosed specific to Carlton in related-party transactions; Board independence reaffirmed .
- Multi-board commitments require monitoring for time allocation, but attendance thresholds were met in 2024 .
-
Investor Confidence Signals:
- Board and committee independence (100% independent committees); majority voting policy; regular executive sessions; robust shareholder engagement .
- Transparent director pay structure with balanced cash/equity, standard one-year RSU delivery .