How Nigro was paid
$1.3M 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 |
|---|---|---|---|---|---|
| Edward M. NigroExecutive Chairman and Chief Executive Officer | $250,000 | $281,250 | $730,200 | $27,887 | $1,289,337 |
| Jeffery E. WhickerChief Financial Officer | $305,451 | $141,500 | $133,771 | $18,703 | $599,425 |
| Nancy M. DeCouEVP & Chief SBA Officer of the Bank | $248,099 | — | $726,600 | $3,261,901 | $4,236,600 |
| T. Ryan SullivanFormer President and Chief Executive Officer | $300,000 | $131,250 | — | $631,336 | $1,062,586 |
What changed and why
- $1.3MEdward M. Nigro received total compensation of $1,289,337 for fiscal 2025, an increase from $829,393 in the prior year.
- 9%Jeffery E. Whicker received a base salary increase of approximately 9% in fiscal 2025.
- $4.2MNancy M. DeCou received total compensation of $4,236,600, which included $3,247,478 in total commissions.
- 75%Short-term cash incentive payouts under the AIP were determined at 75% of the target bonus payable based on performance.
- $525KT. Ryan Sullivan resigned as President and CEO effective September 30, 2025, and received $525,000 in severance.
Other GBank Financial Holdings proxy statements
- 2025 proxy statement
T. Ryan Sullivan paid $1M (-17% on the year).
Filed Jul 02, 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.