How Harvard was paid
$923,316 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 |
|---|---|---|---|---|---|
| Scott C. HarvardPresident & Chief Executive Officer | $509,520 | $137,756 | $257,610 | $18,430 | $923,316 |
| Dennis A. DysartSr. Executive Vice President & Chief Operating Officer | $331,613 | $61,804 | $107,079 | $14,242 | $514,738 |
| Brad E. SchwartzExecutive Vice President & Chief Financial Officer | $213,462 | $112,200 | $90,000 | $11,150 | $426,812 |
What changed and why
- $923KScott C. Harvard received total compensation of $923,316 in fiscal year 2025, down from $1,291,377 in 2024.
- Executive incentive plan payouts were based on financial goals including earnings per share, efficiency ratio, and new deposit sales.
- 100%The board determined blended performance equaled 100% of targeted performance for the 2025 fiscal year.
- Brad E. Schwartz joined the company as Executive Vice President and Chief Financial Officer on March 31, 2025.
- Long-term equity incentives were granted in the form of restricted stock units under the 2023 Stock Incentive Plan.
- A clawback policy adopted in 2023 requires mandatory reimbursement of excess incentive compensation following financial restatements.
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.