Louis C. DiFabio
Vice President of the Corporation (2015 - current) and Executive Vice President of the Bank responsible for Business Client Services (2015 - current); Executive Vice President of the Bank (2011 - 2015) responsible for Retail Client Services. Mr. DiFabio has been with the Bank since 1987.
Personal wealth note: Equibles reports source-backed professional activity and disclosed compensation; it does not estimate personal net worth.
Affiliation history
Recorded current and former roles; source labels appear when available.
-
Chemung Financial Corp (CHMG)
Proxy statement
Start not stated–2020-12-31
Company network
Recorded roles and earnings-call appearances connecting this person to public companies.
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2020 | Chemung Financial Corp (CHMG) | Executive Vice President Lending Services The amounts shown for salary and bonus represent amounts earned in 2020, 2019 and 2018. The amounts shown for Mr. Tomson were made under the terms of the Incentive Compensation Plan. The awards are fully vested upon grant and reflect the grant date fair value. The stock award granted to Mr. Tomson in 2020, 2019 and 2018 includes director fees in the amounts of 26,258, 22,653 and 24,886, respectively. The amounts shown for Messrs. Krebs, Cole, Cosgrove and DiFabio represent shares granted under the Restricted Stock Plan and reflect the grant date fair value as reported in Note 15 of the Corporation’s audited consolidated financial statements contained in the Corporation’s Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown represent the aggregate change, during the respective year, in the present value of the NEO’s accumulated pension benefit from the Pension Plan. The Board approved a total “freeze” of the Pension Plan effective January 1, 2017. For more information on the Pension Plan, see the “Elements of Compensation” section. Mr. DiFabio was the only NEO that participated in the Pension Plan. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles, gas reimbursement, mileage reimbursement (“Automobile Allowance/Usage”) and club memberships. Mr. Cosgrove joined the Bank in August 2019. Mr. DiFabio retired on December 31, 2020. | $225,017 | $515,770 |
| 2019 | Chemung Financial Corp (CHMG) | Executive Vice President Lending Services The amounts shown for salary and bonus represent amounts earned in 2020, 2019 and 2018. The amounts shown for Mr. Tomson were made under the terms of the Incentive Compensation Plan. The awards are fully vested upon grant and reflect the grant date fair value. The stock award granted to Mr. Tomson in 2020, 2019 and 2018 includes director fees in the amounts of 26,258, 22,653 and 24,886, respectively. The amounts shown for Messrs. Krebs, Cole, Cosgrove and DiFabio represent shares granted under the Restricted Stock Plan and reflect the grant date fair value as reported in Note 15 of the Corporation’s audited consolidated financial statements contained in the Corporation’s Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown represent the aggregate change, during the respective year, in the present value of the NEO’s accumulated pension benefit from the Pension Plan. The Board approved a total “freeze” of the Pension Plan effective January 1, 2017. For more information on the Pension Plan, see the “Elements of Compensation” section. Mr. DiFabio was the only NEO that participated in the Pension Plan. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles, gas reimbursement, mileage reimbursement (“Automobile Allowance/Usage”) and club memberships. Mr. Cosgrove joined the Bank in August 2019. Mr. DiFabio retired on December 31, 2020. | $211,714 | $485,309 |
| 2018 | Chemung Financial Corp (CHMG) | Executive Vice President Lending Services The amounts shown for salary and bonus represent amounts earned in 2020, 2019 and 2018. The amounts shown for Mr. Tomson were made under the terms of the Incentive Compensation Plan. The awards are fully vested upon grant and reflect the grant date fair value. The stock award granted to Mr. Tomson in 2020, 2019 and 2018 includes director fees in the amounts of 26,258, 22,653 and 24,886, respectively. The amounts shown for Messrs. Krebs, Cole, Cosgrove and DiFabio represent shares granted under the Restricted Stock Plan and reflect the grant date fair value as reported in Note 15 of the Corporation’s audited consolidated financial statements contained in the Corporation’s Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown represent the aggregate change, during the respective year, in the present value of the NEO’s accumulated pension benefit from the Pension Plan. The Board approved a total “freeze” of the Pension Plan effective January 1, 2017. For more information on the Pension Plan, see the “Elements of Compensation” section. Mr. DiFabio was the only NEO that participated in the Pension Plan. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles, gas reimbursement, mileage reimbursement (“Automobile Allowance/Usage”) and club memberships. Mr. Cosgrove joined the Bank in August 2019. Mr. DiFabio retired on December 31, 2020. | $194,327 | $338,632 |
Recent activity
No earnings-call appearances or filed executive changes recorded yet.