How Lorey was paid
$1.1M 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.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Brandon C. LoreyPresident and Chief Executive Officer | $575,000 | $222,768 | $267,927 | $52,312 | $1,118,007 |
| Kathleen J. ChappellExecutive Vice President and Chief Financial Officer | $349,821 | $117,863 | $122,252 | $54,623 | $644,559 |
| Joseph T. ZmitrovichPresident and Chief Banking Officer, Bank of Clarke | $419,400 | $141,196 | $146,567 | $56,223 | $763,386 |
What changed and why
- $1.1MBrandon C. Lorey received total compensation of $1,118,007 in 2025, representing an increase from the prior year total of $1,033,801.
- 99%Shareholders approved the previous say-on-pay proposal with approximately 99% support, confirming current pay practices.
- 46.6%Annual incentive plan payouts reached 46.6% of base salary for the President and CEO based on performance goals.
- Stock awards include both restricted time-based and performance-based awards vesting over a multi-year period.
- Employment agreements for named executive officers include restrictive covenants and severance provisions.
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.