How Westbrook was paid
$1.5M in total for FY 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|
| C. Hunter WestbrookPresident and Chief Executive Officer of the Company and the Bank | $675,769 | $349,400 | $422,530 | — | $39,492 | $1,487,191 |
| Tony J. VunCannonExecutive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer | $349,231 | $142,959 | $178,670 | $2,906 | $31,782 | $705,548 |
| Kristin Y. PowellExecutive Vice President, Consumer and Business Banking Executive | $318,385 | $132,397 | $176,511 | — | $31,835 | $659,128 |
| John F. Sprink, IIExecutive Vice President, Commercial Banking Group Executive | $307,815 | $128,248 | $170,095 | — | $30,431 | $636,589 |
| Megan PelletierExecutive Vice President, Chief Operations and People Officer | $318,385 | $99,468 | $118,067 | — | $31,231 | $567,151 |
What changed and why
- $1.5MCEO total compensation increased to $1,487,191 for fiscal 2025 compared to $1,374,862 for fiscal 2024.
- $64.4MNet income rose to $64.4 million for fiscal 2025 from $54.8 million for fiscal 2024.
- Base salary increases for named executive officers were generally merit-based and targeted at the 50th percentile.
- Short-term incentive cash awards were based on corporate financial performance metrics.
- 97%Stockholders expressed strong support with approximately 97% of votes cast in favor at the 2025 say-on-pay vote.
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.