John Antalek
About John Antalek
John Antalek is Executive Vice President and Chief Lending Officer of Greene County Bancorp, Inc. (GCBC) and The Bank of Greene County, serving in this role since 2021; he joined the Bank in 2018 and has over 30 years in banking with 20+ years of commercial lending experience . He is 50 years old per the 2025 proxy’s beneficial ownership table . Company performance context during his NEO tenure shows Net Income of $30,785k (FY2023), $24,769k (FY2024), and $31,138k (FY2025), with cumulative TSR value of $101.58 for an initial $100 invested on June 30, 2022 (no equity awards outstanding at fiscal year-end 2023–2025, so “Compensation Actually Paid” equals SCT totals) . The proxies report no late Section 16 ownership filings for officers in FY2024 and FY2025, indicating procedural compliance .
Past Roles
| Organization | Role | Years |
|---|---|---|
| The Bank of Greene County | VP, Commercial Lending & Business Development | 2018 |
| The Bank of Greene County | EVP, Chief Lending Officer | 2021–present |
External Roles
No external directorships or public-company board roles are disclosed in the executive biographies in the 2024 and 2025 proxies .
Fixed Compensation
| Metric | FY2024 | FY2025 |
|---|---|---|
| Salary ($) | 294,000 | 314,000 |
| Bonus ($) | 81,000 | 82,600 |
| All Other Compensation ($) | 80,400 | 78,400 |
| Total ($) | 544,000 | 571,800 |
- All Other Compensation components include: 401(k) match ($15,100 in FY2024; $14,400 in FY2025), ESOP allocation ($6,900 in FY2024; $4,000 in FY2025), and SERP contributions (see Employment Terms section) .
Performance Compensation
| Metric | FY2024 | FY2025 |
|---|---|---|
| Non-Equity Incentive Plan Compensation ($) | 88,600 | 96,800 |
- Non-Equity Incentive Plan compensation reflects payouts after three years of vesting under the Phantom Stock Option and Long-Term Incentive Plan; the proxy does not specify the precise performance metrics or weightings used in the plan .
- The Pay Versus Performance tables state no equity awards were outstanding at fiscal year-end 2023–2025, implying limited equity-based vesting events during the period and that “Compensation Actually Paid” equals reported SCT totals .
Equity Ownership & Alignment
| Item | Value |
|---|---|
| Beneficially owned shares | 7,690 |
| Ownership % of class | 0.0% |
| ESOP shares | 1,023 |
| 401(k) shares | 6,067 |
- The proxy footnotes specify Antalek’s holdings via ESOP and 401(k) and do not include any pledging notation for his shares; pledging footnotes are provided for certain directors when applicable .
- Section 16(a) beneficial ownership reporting compliance disclosures indicate no late filings by officers for FY2024 and FY2025 .
Employment Terms
- SERP design and vesting: The Bank makes annual contributions (first business day of July) and permits deferrals up to 50% of base salary and 100% of annual bonus; Bank contributions vest after 10 years of service (participants on/after June 21, 2016 measured from initial participation), with vesting and acceleration upon death, disability, or change in control; involuntary termination or resignation for good reason following a change in control accelerates the present value of all remaining Bank contributions (subject to 280G cutback), with lump-sum payout if termination occurs within two years after a change in control; retirement or other termination generally pays benefits in 10 annual installments .
- SERP contributions for Antalek: Base and discretionary amounts totaled $60,000 in both FY2024 and FY2025 .
| SERP Contributions ($) | FY2024 | FY2025 |
|---|---|---|
| Base contribution | 20,000 | 20,000 |
| Discretionary contribution | 40,000 | 40,000 |
| Total contributions | 60,000 | 60,000 |
- Employment Agreements: The proxy states salaries for Named Executive Officers are paid pursuant to employment agreements; detailed severance/change-in-control cash multiples are disclosed for the CEO (3x salary+highest bonus) but Antalek-specific severance multiples are not provided in the cited sections .
Investment Implications
- Pay mix and selling pressure: Antalek’s compensation is primarily cash salary, annual bonus, and non-equity long-term incentive (phantom) payouts with three-year vesting, and the proxies indicate no equity awards outstanding at FYE 2023–2025—suggesting limited near-term equity vesting-driven selling pressure compared to companies with RSUs/options .
- Alignment and retention: He has modest direct beneficial ownership (0.0% of class), but ongoing ESOP/401(k) holdings and annual SERP contributions with long vesting, acceleration protections, and the ability to defer compensation indicate a retention-oriented incentive structure; change-in-control provisions could increase exit economics and retention value .
- Performance backdrop: Company Net Income rebounded from $24,769k (FY2024) to $31,138k (FY2025), while cumulative TSR value based on an initial $100 investment declined from $152.17 (FY2024) to $101.58 (FY2025), framing mixed shareholder outcomes during the period that informs the pay-for-performance assessment for Non-PEO NEOs, including Antalek .