ISBC 2017 Form 10-K & 2018 Proxy Statement

55 the pay ratio reported by Investors Bancorp may not be comparable to the pay ratio reported by other companies, as other companies may have different geographic profiles, different employee populations and compensation practices and may utilize different methodologies, conclusions, exclusions, estimates and assumptions in calculating their pay ratios. Grants of Plan-Based Awards in 2017 The following table sets forth certain information as to grants during calendar 2017 of plan-based awards to the Named Executive Officers under the Executive Officer Annual Incentive Plan. Estimated Payouts Under Non- Equity Incentive Plan Awards (1) All Other Stock Awards Number All Other Option Awards Number of Securities Underlying Exercise or Base Price of Option Grant Date Fair Value of Stock and Name Grant Date Threshold ($) Target ($) Maximum ($) of Shares of Units(#) Options (#) Awards ($/Sh) Option Awards ($) (2) Kevin Cummings 2/27/2017 1,311,500 1,730,750 2,150,000 — — $ — $ — Domenick A. Cama 2/27/2017 707,600 933,800 1,160,000 — — $ — $ — Richard S. Spengler 2/27/2017 376,650 467,325 558,000 — — $ — $ — 2/27/2017 — — — 60,000 — $ — $ 891,600 Paul Kalamaras 2/27/2017 364,500 452,250 540,000 — — $ — $ — 3/27/2017 — — — 60,000 — $ — $ 827,400 Sean Burke 2/27/2017 315,563 391,531 467,500 — — $ — $ — 2/27/2017 — — — 40,000 — $ — $ 594,400 (1) Amounts shown assume achievement of 100% of individual goals and objectives. The range of estimated possible payouts reflects payouts under the Executive Officer Annual Incentive Plan. (2) Represents the grant date fair value of the awards determined in accordance with FASB ASC Topic 718. For the year ended December 31, 2017, the Compensation and Benefits Committee granted awards to the individuals listed above to ensure the retention and continuity of these high-performing key executives going forward. For the year ended December 31, 2017, there were no equity grants to the CEO or COO. For a narrative description of the material factors necessary to an understanding of the information disclosed in the Summary Compensation Table and in the Grants of Plan-Based Awards Table for 2017, please see “Compensation Discussion and Analysis” above. PROXY STATEMENT