How Turner was paid
$6.6M 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 |
|---|---|---|---|---|---|
| M. Terry TurnerPresident and Chief Executive Officer | $1,256,000 | $3,273,598 | $1,961,829 | $120,027 | $6,611,454 |
| Robert A. McCabe, Jr.Chairman of the Board and Chairman of Tennessee | $1,193,000 | $3,110,484 | $1,863,656 | $119,781 | $6,286,921 |
| Richard D. Callicutt, IIChairman of the Carolinas and Virginia | $821,000 | $4,195,395 | $923,631 | $23,974 | $5,964,000 |
| Harold R. CarpenterChief Financial Officer | $644,000 | $935,333 | $724,266 | $34,180 | $2,337,779 |
| Charissa D. SumerlinChief Credit Officer | $517,500 | $1,577,645 | $388,125 | $13,071 | $2,496,341 |
What changed and why
- 94.4%94.4% of shareholders approved the 2025 say-on-pay proposal at the prior annual meeting.
- 35.4%GAAP FDEPS increased 35.4% to $8.07 per share for fiscal 2025.
- $6.6MCEO total compensation increased to $6,611,454 in fiscal 2025 compared to $6,188,319 in 2024.
- 125%Actual AIP payouts for 2025 equated to 125% of the target award amounts.
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.