BayFirst Financial (BAFN) executive compensation, 2026 proxy

Thomas G. Zernick, Former CEO, was paid $428,085 in 2025, down 20% from $533,374 the year before.

Filed
August 19, 2026
Annual meeting
September 22, 2026
Pay year
2025
Named executives
3
CEO total pay
$428,085-20% vs prior year
CEO pay in equity
11%$47,790 in awards
Oliver total compensation
$394,7872025 Summary Compensation Table
McKim total compensation
$346,3852025 Summary Compensation Table
Oliver stock awards
$35,8432025 award value
McKim stock awards
$23,8952025 award value
Oliver bonus maximum
70%Percentage of base salary
McKim bonus maximum
50%Percentage of base salary

How Zernick was paid

$428,085 in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary84%Stock awards11%All other compensation5%

Named executive officers

ExecutiveTotal
Thomas G. ZernickFormer CEO$428,085
Robin L. OliverCOO$394,787
Scott J. McKimEVP and CFO$346,385

What changed and why

  • $428K$428,085 was the former CEO’s 2025 total compensation, versus $533,374 in 2024.
  • $47,790$47,790 of the former CEO’s 2025 compensation consisted of stock awards.
  • $359K2025 salary was $358,827 for Zernick, $322,408 for Oliver, and $291,200 for McKim.
  • 70%The Annual Incentive Plan permits cash bonuses of up to 70% of salary for Oliver and 50% for McKim.
  • The ESOP was terminated effective September 30, 2025.
  • Board fees were suspended in July 2025.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.