Jeffrey Tengel Salary and Compensation - INDEPENDENT BANK CORP CEO Pay 2025

In fiscal year 2025, Jeffrey Tengel, CEO and President of INDEPENDENT BANK CORP (INDB), received total compensation of $3.6 million.

Jeffrey Tengel's compensation breakdown includes: base salary of $1.1 million, stock awards valued at $1.1 million, non-equity incentive compensation of $1.1 million, and other compensation of $292K.

Compared to fiscal year 2024, Jeffrey Tengel's total compensation increased 23% from $2.9 million to $3.6 million.

INDEPENDENT BANK CORP (INDB) Executive Pay 2025

INDEPENDENT BANK CORP's top 5 named executive officers received combined total compensation of $8.8 million in fiscal year 2025.

The named executive officers disclosed in INDEPENDENT BANK CORP's 2025 proxy statement are:Jeffrey Tengel (CEO and President) with total compensation of $3.6 million, Mark Ruggiero (CFO and EVP of Consumer Lending) with total compensation of $1.7 million, Lee Powlus (EVP and Chief Administrative Officer) with total compensation of $1.2 million, Patricia Natale (EVP and General Counsel and Corporate Secretary) with total compensation of $1.1 million, and James Rizzo (EVP and Chief Commercial Banking Officer) with total compensation of $1.1 million.