Provident New York Bancorp (PBNY) has set some lofty growth targets for the New York City market and a good chunk of its chief executive's compensation is riding on the outcome.

Starting this year, CEO Jack Kopnisky and other top executives of the Montebello company will receive a portion of their pay in so-called performance shares. Unlike with stock options, the performance shares can only be collected by the bosses if Provident meets certain profit targets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.