ISBC 2017 Form 10-K & 2018 Proxy Statement

54 with respect to the stock options, the actual value, if any, realized by any Named Executive Officers will depend on the extent to which the market value of the Investors Bancorp common stock exceeds the exercise price of the stock option on the date of exercise. Accordingly, there is no assurance that the values realized by the Named Executive Officer will be at or near the amounts in the “Stock Awards” and “Option Awards” columns. All Other Compensation Name Calendar or Fiscal Year Perquisites and Other Personal Benefits ($) (1) Company Contribution for Medical and Insurance Benefits ($) Company Contributions to ESOP and 401(k) Plan and SERP I ($) Total ($) Kevin Cummings 2017 22,543 25,764 167,250 215,557 Domenick A. Cama 2017 25,227 22,094 102,744 150,065 Richard S. Spengler 2017 8,607 18,560 60,390 87,557 Paul Kalamaras 2017 20,784 3,360 58,549 82,693 Sean Burke 2017 — 18,617 57,381 75,998 (1) A detailed description of the perquisites included in this column is set forth in the table below. Perquisites Name Calendar or Fiscal Year Automobile Allowance ($) Long Term Care ($) Club Dues ($) Executive Health Exam ($) Total Perquisites and Other Personal Benefits ($) Kevin Cummings 2017 11,142 9,322 2,079 — 22,543 Domenick A. Cama 2017 8,136 13,090 1,231 2,770 25,227 Richard S. Spengler 2017 3,597 2,176 2,834 — 8,607 Paul Kalamaras 2017 6,809 12,262 1,713 — 20,784 Sean Burke 2017 — — — — — CEO Pay Ratio In accordance with the applicable provisions of Section 953 (b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402 (u) of Regulation S-K, we are providing the following information about the relationship of the median annual total compensation of all employees of the Company and the annual total compensation of our President and Chief Executive Officer. For 2017, our median annual total compensation for all employees other than our CEO was $56,883. The annual total compensation for our CEO for the same period was $5,706,647. The ratio of our CEO’s compensation to the median employee’s compensation was 100 to 1. We identified our median employee using our entire workforce as of October 26, 2017 of approximately 2,000 full-time and part-time employees. We used wages from our payroll records as reported to the Internal Revenue Service on Form W-2 for fiscal year 2017. We determined the compensation for our median employee by calculating total compensation for such employee for 2017 in accordance with the requirements of Item 402 (c)(2)(x) of Regulation S-K. With regard to the annual total compensation of our CEO, we used the amount reported in the “Total” column of our 2017 Summary Compensation Table included in this Proxy Statement. As the SEC rules for identifying the median employee and calculating the pay ratio allow companies to apply various methodologies, to apply certain exclusions, and to make reasonable estimates and assumptions, PROXY STATEMENT