ISBC 2017 Form 10-K & 2018 Proxy Statement

57 Pension Benefits at or for the year ended December 31, 2017 The table below shows the present value of accumulated benefits payable to each of the Named Executive Officers, including the number of years of service credited to each such Named Executive Officer, under our pension plans determined using interest rate and mortality rate assumptions consistent with those used in Investors Bancorp’s financial statements. The Defined Benefit Plan and SERP II were frozen effective as of the close of business on December 31, 2016. For a narrative description of each applicable plan, please see “Compensation Discussion and Analysis” above. Name Plan Name Number of Years Credited Service($) (1) Present Value of Accumulated Benefit ($) (2) Payment During Last Year ($) Kevin Cummings Defined Benefit Plan 12.5 666,000 — SERP I and SERP II 12.5 17,963,000 — Domenick A. Cama Defined Benefit Plan 26.0 1,211,000 — SERP I and SERP II 26.0 9,277,000 — Richard S. Spengler Defined Benefit Plan 30.0 996,000 — SERP I and SERP II 30.0 2,860,000 — Paul Kalamaras Defined Benefit Plan 7.3 290,000 — SERP I and SERP II 7.3 3,128,000 — Sean Burke Defined Benefit Plan 0.9 24,000 — SERP I and SERP II — — — (1) The number of years of credited service represents all years of service, including years following the change in benefit formula for the Defined Benefit Plan on January 1, 2006. For Messrs. Cama and Spengler, credited service years include qualified years served at other financial institutions that participated in the Defined Benefit Plan, formerly known as the Financial Institutions Retirement Fund. (2) The figures shown are determined as of the plan’s measurement date of December 31, 2017 for purposes of Investors Bancorp’s audited financial statements. For discount rate and other assumptions used for this purpose, please refer to Note 10 to the audited financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2017. Nonqualified Deferred Compensation at or for the year ended December 31, 2017 The following table sets forth information with respect to the Supplemental ESOP portion of SERP I at and for the year ended December 31, 2017 for the Named Executive Officers. For a narrative description of SERP I, please see “Compensation Discussion and Analysis” above. Name Plan Name Executive Contributions in Last Year ($) Registrant Contributions in Last Year ($) (1) Aggregate Earnings in Last Year ($) Aggregate Withdrawals/ Distributions ($) Aggregate Balance at Last Year-End ($) (2) Kevin Cummings SERP I — 141,025 — — 2,065,723 Domenick A. Cama SERP I — 76,519 — — 1,034,636 Richard S. Spengler SERP I — 34,165 — — 381,795 Paul Kalamaras SERP I — 32,324 — — 276,645 Sean Burke SERP I — 31,156 — — 31,156 (1) The value of the non-qualified Supplemental ESOP contribution made pursuant to SERP I in calendar 2017 is based on the fair market value of Investors Bancorp common stock on December 31, 2017 of $13.88. These contributions are included in the Summary Compensation Table. (2) The aggregate balances reported for the Supplemental ESOP Plan are based on the market value of Investors Bancorp common stock on December 31, 2017 of $13.88. For Messrs. Cummings, Cama, Spengler and Kalamaras, $1,166,816, $591,208, $226,147 and $180,092, respectively, of their total aggregate balance was previously reported as compensation to them in our Summary Compensation Tables for previous years. PROXY STATEMENT