How Champi was paid
$639,211 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 | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Gerard A. ChampiChief Executive Officer | $557,000 | $162,400 | $204,020 | $112,500 | $32,403 | $1,068,323 | $1,068,323 |
| Thomas P. TulaneyFormer President | $373,000 | $146,625 | $97,585 | — | $35,056 | $652,266 | $652,266 |
| Jeffrey A. DrobinsExecutive Vice President, Chief Lending Officer | $310,000 | $609,650 | $81,100 | $10,985 | $32,622 | $1,044,357 | $1,044,357 |
| Timothy H. KirtleyExecutive Vice President, Chief Risk Officer | $287,000 | $250,375 | $75,085 | $25,000 | $24,892 | $662,352 | $662,352 |
| James M. Bone, Jr., CPAExecutive Vice President, Chief Financial Officer | $344,000 | $74,750 | $90,000 | $72,500 | $31,115 | $612,365 | $612,365 |
| John R. Anderson IIIExecutive Vice President, Former Chief Financial Officer | $292,000 | $104,250 | $76,400 | $41,775 | $31,284 | $545,709 | $545,709 |
What changed and why
- $59.2MNet income increased to $59.2 million for fiscal 2025 due to combined operations following the FNCB merger.
- 3%Base salaries for named executive officers were adjusted through a 3% merit increase and June market adjustments.
- 104%A new balanced incentive scorecard was implemented, resulting in an average payout of 104% of target.
- A long-term equity incentive plan consisting of RSUs and PRSUs was introduced in March 2025.
- A Change in Control/Severance Plan was implemented for executive team members without employment agreements.
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.