How Trager was paid
$1M 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 | Bonus | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Steven E. TragerChair/CEO | $473,848 | — | — | — | $500,000 | $50,019 | $1,023,867 |
| Logan M. PichelCEO/Bank | $698,174 | — | $401,048 | $197,291 | $500,000 | $22,829 | $1,819,342 |
| Kevin D. SipesCFO | $389,232 | $50,000 | $74,007 | $49,315 | $175,000 | $26,429 | $763,983 |
| William R. NelsonPres/RPG | $427,000 | — | $71,866 | $49,315 | $375,000 | $16,670 | $939,851 |
| Jeffrey A. StarkeCIOO | $399,308 | $50,000 | $83,633 | $61,644 | $175,000 | $13,054 | $782,639 |
What changed and why
- $1MSteven E. Trager total compensation increased to $1,023,867 for fiscal 2025 from $907,530 in fiscal 2024.
- 99%Shareholders strongly supported executive compensation with over 99% voting in favor at the prior say-on-pay vote.
- $50,000Discretionary bonuses of $50,000 were awarded to the CFO and CIOO for their work on the Bank's core processing system conversion.
- The ratio of the Chair/CEO annual total compensation to the median employee annual total compensation was 16 to 1.
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.