How III was paid
$2.5M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Thomas A. Broughton, IIIPresident and Chief Executive Officer | $785,000 | $220,964 | $824,250 | $579,036 | $65,192 | $2,474,442 |
| Rodney E. RushingEVP and Chief Operating Officer | $490,000 | $91,831 | $245,000 | $258,169 | $33,300 | $1,118,300 |
| James H. HarperSVP and Chief Credit Officer | $186,667 | $187,000 | $213,240 | — | $21,073 | $607,980 |
| David A. SparacioEVP and Chief Financial Officer | $291,667 | $140,000 | $456,550 | — | $33,622 | $921,839 |
| Edison K. Woodie, IIIFormer Interim Chief Financial Officer | $225,000 | $50,625 | — | — | $24,135 | $299,760 |
| Henry F. AbbottFormer SVP and Chief Credit Officer | $179,200 | — | $63,392 | — | $21,073 | $263,665 |
What changed and why
- $2.5MChief executive officer total compensation increased to $2,474,442 in 2025 from $2,093,028 in 2024.
- 98.5%Stockholders approved the 2025 say-on-pay proposal with approximately 98.5% support.
- Annual incentive opportunities for named executive officers consisted of four performance factors plus a credit quality modifier.
- David A. Sparacio assumed the role of executive vice president and chief financial officer on March 3, 2025.
- James H. Harper was appointed senior vice president and chief credit officer on April 21, 2025.
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.