How Carter 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 |
|---|---|---|---|---|---|
| Fred L. DrakeExecutive Chairman | $350,000 | $140,000 | $208,726 | $2,235 | $700,961 |
| J. Lance CarterPresident, Chief Executive Officer and Director | $570,686 | $278,600 | $427,815 | $17,699 | $1,294,800 |
| Peter R. ChapmanExecutive Vice President and Chief Financial Officer | $346,856 | $134,400 | $208,392 | $14,065 | $703,713 |
| Lawrence J. HorvathExecutive Vice President and Chief Lending Officer | $342,208 | $99,850 | $154,061 | $17,359 | $613,478 |
| Mark W. ScheirerExecutive Vice President and Chief Credit Officer | $277,205 | $79,950 | $125,131 | $20,495 | $502,781 |
What changed and why
- $1.3MCEO total compensation rose to $1,294,800 in 2025 from $1,218,259 in 2024.
- Short-term incentive cash bonuses for 2025 performance were paid in March 2026.
- Stock awards consisted of time-based RSUs and performance-based PRSUs granted under the omnibus plan.
- 99%At the 2025 annual meeting, the say-on-pay proposal received approximately 99 percent support from shareholders.
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.