Virginia National Bankshares (VABK) executive compensation, 2026 proxy

Glenn W. Rust, President and Chief Executive Officer, was paid $1M in 2025, up 2% from $1M the year before.

Filed
April 30, 2026
Annual meeting
June 25, 2026
Pay year
2025
Named executives
3
CEO total pay
$1M+2% vs prior year
CEO pay in equity
32%$325,000 in awards
CEO Salary
$500,000Unchanged from prior year
CEO Bonus
$100,000Unchanged from prior year
2025 Net Income
$19,260,428Company net income

How Rust 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.

Salary49%Bonus10%Stock awards32%All other compensation10%

Named executive officers

ExecutiveTotal
Glenn W. RustPresident and Chief Executive Officer$1,029,693
Virginia R. BayesChief Banking Officer, Executive Vice President and Corporate Secretary$450,923
Larry K. PitchfordChief Human Resources and Executive Vice President$375,738

What changed and why

  • $1MCEO total compensation increased to $1,029,693 for 2025 compared to $1,007,824 for 2024.
  • $325KStock awards for the CEO remained flat at $325,000 for both 2025 and 2024.
  • $19.3MNet income for the company was $19,260,428 in fiscal 2025.
  • $121.77Total shareholder return represented a value of $121.77 on an initial $100 investment.

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.