Angela Jackson
About Angela Jackson
Angela Jackson (age 49) is an independent director of NB Bancorp (director since 2023). She serves on the Audit Committee and the Nominating & Governance Committee. Dr. Jackson, Ed.L.D., is a lecturer at Harvard University focused on education, entrepreneurship and innovation, and is the CEO of Future Forward Strategies. She is recognized as an ESG expert, having advised 100+ enterprises on ESG strategy and oversight .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Harvard University | Lecturer (education, entrepreneurship, innovation) | Part-time roles since 2018; focused as lecturer since June 2022 | Academic expertise applied to innovation and human capital |
| Kapor Enterprises (family office) | Chief Ecosystem Investment Officer | Feb 2022 – Oct 2022 | ESG/impact investing leadership |
| New Profit (venture philanthropy) | Managing Partner, Economic Mobility Investments | Jun 2018 – Feb 2022 | Oversaw investments; ESG advisory to portfolio |
External Roles
| Organization | Role | Status | Notes |
|---|---|---|---|
| Future Forward Strategies | Chief Executive Officer | Current | ESG/strategy consultancy leadership |
| Various boards and organizations | Board member/consultant | Ongoing | Widely published and advisor to 100+ enterprises in ESG strategy and oversight |
Board Governance
- Independence: The Board determined all directors other than the CEO are independent; Jackson is listed as independent .
- Committee assignments: Audit Committee member (Chair: Susan Elliott) and Nominating & Governance Committee member (Chair: Mark Whalen) .
- Attendance and engagement: The Board met 11 times in 2024; no director attended fewer than 75% of Board and committee meetings; all directors attended the 2024 Annual Meeting of Stockholders .
- Lead Independent Director: Francis Orfanello (appointed 2024) with defined responsibilities to strengthen independent oversight; independent director executive sessions held periodically .
- Skills matrix: Jackson’s skills include Industry Expertise, Executive Leadership, International Business Experience, Risk Management, Human Capital Management, Marketing, and ESG Experience .
- Section 16(a) compliance note: Jackson filed one Form 4 late (subsequently filed) .
Board and Committee Activity (2024)
| Body | Meetings in 2024 |
|---|---|
| Board of Directors | 11 |
| Audit Committee | 8 |
| Enterprise Risk Management Committee | 8 |
| Compensation Committee | 4 |
| Nominating & Governance Committee | 10 |
Fixed Compensation
| Component | Amount/Policy | Source |
|---|---|---|
| Director cash fees (Angela Jackson, 2024) | $100,000 | |
| Annual Board retainer (paid monthly) | $75,000 | |
| Annual committee retainer (member) | $25,000 | |
| Committee chair additional fee | $10,000 | |
| From Jan 2025: Lead Independent Director premium | $25,000 | |
| From Jan 2025: Audit Committee Chair premium | +$5,000 (total $15,000 for chair) |
Performance Compensation
| Item | Details |
|---|---|
| Equity Plan (pending) | 2025 Equity Incentive Plan up for stockholder approval on Apr 23, 2025; effective upon approval . |
| Non-employee director awards | Self-executing grants the day after approval: each director to receive restricted stock valued at approx. $1,235,200; 65,772 shares per director; vests over five years, subject to continued service and certain accelerations (death, disability, qualifying CoC termination) . |
| Valuation reference | Illustrative value based on $18.78 closing price on Mar 5, 2025; actual grant value set on grant date . |
| Design features (plan-level) | - 1-year minimum vesting (up to 5% exceptions); double-trigger CoC vesting or if awards not assumed; no option repricing or cash buyouts without stockholder approval; dividends/dividend equivalents on unvested awards are deferred until vest; clawback applies; no hedging/pledging under company policy . |
Angela Jackson – Initial Equity Grant If Plan Approved
| Grant Date (expected) | Award Type | Shares | Illustrative Dollar Value |
|---|---|---|---|
| Day after stockholder approval (if approved Apr 23, 2025) | Restricted Stock | 65,772 | ~$1,235,200 (based on $18.78; actual depends on grant-date price) |
Implication: This one-time, time-vested director equity grant materially increases director equity exposure and alignment but may raise pay governance scrutiny given size; five-year vesting and double-trigger CoC provisions mitigate some risk .
Other Directorships & Interlocks
- No other public company directorships are disclosed for Jackson in the proxy; biography highlights academic and ESG advisory roles rather than public company boards .
Expertise & Qualifications
- ESG oversight and strategy expert; frequent lecturer and advisor to >100 enterprises on ESG .
- Executive leadership and risk management experience reflected in Board Skills Matrix; also international business, human capital, marketing; not identified as the audit committee financial expert (that designation is Susan Elliott) .
Equity Ownership
| Item | Detail |
|---|---|
| Total beneficial ownership | 3,616 shares; <1% of outstanding . |
| Shares outstanding reference | 41,842,641 as of Feb 28, 2025 . |
| Vested vs. unvested | Not disclosed (director-level equity grants contingent on 2025 plan approval) . |
| Pledged shares | Company policy prohibits pledging; Board may approve exceptions, but none have been approved . |
| Hedging | Prohibited for directors and officers . |
| Director stock ownership guidelines | Effective Jan 2025: directors to hold 4x cash retainer in company stock within five years; 50% holding requirement on vested shares until compliant . |
| Compliance status | Individual compliance status not disclosed; guidelines newly effective Jan 2025 . |
Governance Assessment
- Strengths:
- Independent director serving on key governance-focused committees (Audit; Nominating & Governance) with strong ESG and leadership skill set; Board reports robust risk oversight and independent leadership via Lead Independent Director .
- Solid attendance culture; all directors attended 2024 annual meeting; no director fell below 75% for meetings; Audit Committee affirmed financial reporting oversight .
- Shareholder-aligned policies: anti-hedging/anti-pledging, clawback, and new stock ownership guidelines for directors .
- Watch items / potential red flags:
- Late Section 16(a) filing (one Form 4) noted for Jackson; subsequently filed .
- Large one-time equity grant for directors under the 2025 Equity Plan (~$1.235M per director; five-year time vesting) may invite scrutiny on director independence and pay moderation, though structure includes double-trigger CoC and no dividends until vest .
- Related-party transactions policy disclosed; 2024 RPTs noted for another director’s law firm; no specific RPTs disclosed for Jackson .
Overall, Jackson brings ESG and innovation expertise with active committee roles and independent status; the sizable 2025 equity award, if approved, will heighten alignment but warrants ongoing monitoring for director pay governance optics .