Peter G. DeMaria
About Peter G. DeMaria
Peter G. DeMaria, CFA, is an independent Class III director of Safe and Green Development Corporation (SGD). He has 38+ years in banking and finance across middle-market and corporate clients, with senior roles at PNC Bank (Senior Managing Director/Group Manager, 2018–2022) and JPMorgan (Managing Director, 1984–2018). He holds a BS in Finance & Accounting from Lehigh University (1984), an MBA from NYU Stern (1991), and an Executive Management Certificate from Duke’s Fuqua School (1998) . Age 62; director since April 11, 2023; current term expires at the 2026 annual meeting . The board has determined he is independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| PNC Bank | Senior Managing Director/Group Manager (Middle-market & corporate banking) | Dec 2018 – May 2022 | Led advisory to middle market and large corporates in NJ/NYC regions |
| JPMorgan | Managing Director (Cash flow & ABL; capital markets; investment banking products) | Dec 1984 – Nov 2018 | Specialized in lending and capital markets; 34 years |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| None disclosed | — | — | No current public company directorships disclosed for DeMaria . |
Board Governance
- Class III director; director since 2023; term through 2026 .
- Independence: Board determined DeMaria is independent (Nasdaq standards) .
- Committee memberships:
- Audit Committee (member)
- Compensation Committee (member)
- Nominating & Governance Committee (member)
- Committee chairs: Audit—Christopher Melton; Compensation—John Scott Magrane Jr.; N&G—Jeffrey Tweedy (DeMaria is not chair) .
- Lead Independent Director: Christopher Melton; independent directors meet in executive session at least quarterly .
- Attendance: In FY2024, each incumbent director other than Blumenfeld and Tweedy attended at least 75% of board/committee meetings. Board met 8 times; Audit 5; Compensation 5; N&G 1 .
Fixed Compensation
Director compensation (FY2024):
| Element | Amount (USD) |
|---|---|
| Cash fees | $80,000 |
| Stock awards (fair value, ASC 718) | $64,535 |
| Total | $144,535 |
Non-employee director program (quarterly selection in 2024):
- Option A: $20,000 cash + 20,000 RSUs vesting after 3 months .
- Option B: $10,000 cash + 30,000 RSUs vesting after 3 months .
- Option C: 40,000 RSUs vesting after 3 months .
Performance Compensation
- No performance-based metrics disclosed for director equity; RSUs vest based on continued service (three months) .
RSU Grant Mechanics (Program-level; individual grant counts not itemized for DeMaria):
| Grant Type | Vesting | Notes |
|---|---|---|
| RSUs (20k/30k/40k per quarter depending on option) | 3 months of continued service | Grant-date fair value used for reported stock awards |
Other Directorships & Interlocks
| Company | Role | Committee Roles | Interlock/Conflict Notes |
|---|---|---|---|
| None disclosed | — | — | No other public boards disclosed; Board independence affirmed (no material relationships) . |
Expertise & Qualifications
- CFA charterholder; deep expertise in corporate lending, asset-based lending, capital markets, and investment banking .
- Financial literacy and managerial experience cited by the Board as key qualifications .
Equity Ownership
As of July 31, 2025 (record date for 2025 annual meeting):
| Holder | Shares Beneficially Owned | % Outstanding | Notes |
|---|---|---|---|
| Peter G. DeMaria | 4,125 | <1% | Beneficial ownership computed per SEC rules . |
Additional alignment policies and status:
- Anti-hedging and anti-pledging policy: prohibits hedging, short sales, public options, margin accounts, and pledging company stock .
- As of Dec 31, 2024, none of the directors owned outstanding unvested options or RSUs (point-in-time disclosure) .
- Stock ownership guidelines exist and are overseen by the Compensation Committee (specific multiples not disclosed) .
Related-Party Transactions & Conflicts
- Board independence review found no transactions or relationships involving independent directors (including DeMaria) that would impair independence .
- Company maintains a related person transaction policy; Audit Committee reviews and approves/ratifies such transactions .
- No DeMaria-specific related-party transactions disclosed in the proxy .
Governance Assessment
- Strengths:
- Independent director serving on Audit, Compensation, and N&G—supporting board effectiveness and oversight .
- Financial expertise (CFA; senior banking background)—valuable for audit/risk oversight .
- Attendance at or above 75% threshold in FY2024 (board/committee meetings) .
- Robust anti-hedging/pledging policy reduces misalignment risk .
- Watch items:
- Ownership alignment: 4,125 shares (<1%)—limited “skin in the game” relative to potential dilution from large capital actions (e.g., authorized share increase and financing proposals) .
- Board has materially expanded equity plan and authorized shares (indicative of future issuance capacity), increasing dilution risk for minority holders; while not director-specific, it heightens scrutiny on pay-for-performance and alignment across the board .
Overall, DeMaria appears independent and technically qualified with meaningful committee participation. The primary investor signal relates to low personal ownership versus the company’s elevated equity issuance capacity; continued monitoring of director equity accumulation and compensation mix is warranted .