KENNETH J. MAHON - Corporate Board Profile

Dime Community Bancshares, Inc. /NY/

Filing Date	Source Excerpt
2021-04-16	Kenneth J. Mahon. Age 70; Director since 2021. Mr. Mahon was appointed to the Board of Directors of the Company and as Executive Chairman of the Board of Directors simultaneously with the closing of the merger with Legacy Dime on February 1, 2021.
2022-04-15	Mr. Mahon was named Executive Chairman of the Board of Directors simultaneously with the closing of the merger between Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. on February 1, 2021. He was a director of Legacy Dime and Dime Community Bank since 2002 and served as Chief Executive Officer beginning in 2017. He joined The Dime Savings Bank of Williamsburgh, predecessor to DCB, in 1980, as assistant comptroller. He was elected as a director in 1998. Mr. Mahon has served on the Board of the Federal Home Loan Bank of New York since 2017. Mr. Mahon’s extensive knowledge of the community banking industry, as well as his experience with Legacy Dime and DCB, provide valuable resources to the Board. For the period from February 1, 2021 to December 31, 2021, each outside (non-employee) director received an annual retainer fee of $130,000. The Executive Chairman of the Board of Directors received an additional annual retainer of $60,000. The Chairpersons of the Audit, Compensation, and Enterprise Risk Committees received an annual committee chair retainer of $25,000 and the Chairpersons of the Compliance Risk, Corporate Governance, and Credit Risk Committees received an annual committee chair retainer of $15,000. All retainers are paid 55% in cash and 45% in Common Stock. Director Summary Compensation Table shows Mr. Mahon received $95,792 in fees earned or paid in cash and $78,370 in stock awards, totaling $174,162.
2023-04-13	Mr. Mahon was named Executive Chairman of the Board of Directors of the Company in 2021. He was a director of Dime Community Bancshares, Inc. ("Legacy Dime") and Dime Community Bank ("DCB") since 2002 and served as Chief Executive Officer beginning in 2017. He joined The Dime Savings Bank of Williamsburgh, predecessor to DCB, in 1980, as assistant comptroller. He was elected as a director in 1998. Mr. Mahon has served on the Board of the Federal Home Loan Bank of New York since 2017. Mr. Mahon’s extensive knowledge of the community banking industry, as well as his experience with Legacy Dime and DCB, provide valuable insight and advice to the Board.
2024-04-10	Mr. Mahon is Chairman of the Board of Directors of the Company and the Bank. He was Executive Chair for an initial three-year period after the closing of the merger of Dime Community Bancshares, Inc. and Bridge Bancorp, Inc. in February 2021. For fiscal year 2023, the Chairman of the Board of Directors received an additional annual retainer of $60,000. All members of the Board of Directors of the Company also serve on the Board of the Bank. For fiscal year 2023, each outside non-employee director received an annual retainer fee of $130,000. The Chairman of the Board of Directors received an additional annual retainer of $60,000. The Chairpersons of the Audit, Compensation, and Enterprise Risk Committees received an annual Committee chair retainer of $25,000 and the Chairperson of the Corporate Governance Committee received an annual Committee chair retainer of $15,000. No Committee chair retainer was paid if the chair was also the Lead Director. Retainers for the compliance risk, credit risk and strategic planning Committees were eliminated in 2023.
2025-04-07	Mr. Mahon is Chairman of the Board of Directors of the Company and the Bank. He was Executive Chairman for a three year period following the closing of the merger of Dime Community Bancshares, Inc. and Bridge Bancorp, Inc. in 2021 and until 2024. For fiscal year 2024, each outside non-employee director received an annual retainer fee of $130,000. The Chairman of the Board of Directors received an additional annual retainer of $60,000. The Chairpersons of the Audit, Compensation, and Enterprise Risk Committees received an annual Committee chair retainer of $25,000 and the Chairperson of the Corporate Governance Committee received an annual Committee chair retainer of $15,000. All retainers were paid 55% in cash and 45% in Common Stock. The Company’s 2021 Equity Incentive Plan limits compensation to a non-employee director to $250,000 per year.