Name(1)
|
| |
Common
Stock Beneficially Owned |
| |
Exercisable Options
Included in Common Stock Beneficially Owned |
| |
Percentage
of Class |
| |||||||||
Directors
Morton A. Bender |
| | | | 750,097 | | | | | | — | | | | | | 5.38% | | |
Patricia A. Ferrick(2)
|
| | | | 196,027 | | | | | | 115,623 | | | | | | 1.39% | | |
L. Burwell Gunn
|
| | | | 122,810 | | | | | | 88,670 | | | | | | * | | |
Meena Krishnan
|
| | | | 15,020 | | | | | | — | | | | | | * | | |
Scott Laughlin
|
| | | | 176,843 | | | | | | 74,999 | | | | | | 1.26% | | |
Thomas L. Patterson
|
| | | | 208,520 | | | | | | 74,999 | | | | | | 1.49% | | |
David W. Pijor(2)
|
| | | | 618,740 | | | | | | 302,733 | | | | | | 4.34% | | |
Devin Satz
|
| | | | 177,879 | | | | | | 74,999 | | | | | | 1.27% | | |
Lawrence W. Schwartz
|
| | | | 115,815 | | | | | | 74,999 | | | | | | * | | |
Sidney G. Simmonds
|
| | | | 102,725 | | | | | | 74,999 | | | | | | * | | |
Daniel M. Testa
|
| | | | 227,333 | | | | | | 84,764 | | | | | | 1.62% | | |
Philip R. Wills III
|
| | | | 275,723 | | | | | | 74,999 | | | | | | 1.97% | | |
Steven M. Wiltse
|
| | | | 24,825 | | | | | | — | | | | | | * | | |
Named Executive Officers who are not Directors
William G. Byers |
| | | | 93,389 | | | | | | 71,483 | | | | | | * | | |
All directors and executive officers of the Company as a group (18 persons)
|
| | | | 3,329,613 | | | | | | 1,239,959 | | | | | | 21.94% | | |
Five percent shareholders | | | | | | | | | | | | | | | | | | | |
Nino R. Vaghi(3)
|
| | | | 785,494 | | | | | | — | | | | | | 5.64% | | |
Endeavor Capital Advisors, Inc.(4)
|
| | | | 830,865 | | | | | | — | | | | | | 5.96% | | |
Name
|
| |
Age
|
| |
Position
|
|
William G. Byers | | |
60
|
| | Chief Lending Officer and Executive Vice President of the Company and the Bank | |
Jennifer L. Deacon | | |
47
|
| | Chief Financial Officer and Executive Vice President of Company and the Bank | |
B. Todd Dempsey | | |
64
|
| | Chief Operating Officer and Executive Vice President of Company and the Bank | |
Sharon L. Jackson | | |
62
|
| | Chief Banking Officer and Executive Vice President of the Bank | |
Michael G. Nassy | | |
47
|
| | Chief Credit Officer and Executive Vice President of the Company and the Bank | |
|
Board Diversity Matrix(1) as of April 8, 2022
|
| | | |||||||||||||
|
Total Number of Directors
|
| | | | | | | |
13
|
| ||||||
| Part I: Gender Identify | | |
Female
|
| |
Male
|
| |
Did Not Disclose
Gender |
| | | ||||
|
Directors
|
| |
2
|
| |
9
|
| |
2
|
| | | ||||
| Part II: Demographic Background | | | | | | | | | | | | | ||||
|
Asian
|
| |
1
|
| | | | | | | | | ||||
|
White
|
| |
1
|
| |
9
|
| | | | | | ||||
|
Did Not Disclose Demographic Background
|
| | | | | | | |
2
|
| | |
Name
|
| |
Fees Earned
or Paid in Cash |
| |
Stock
Awards(1) |
| |
All Other
Compensation |
| |
Total
|
| ||||||||||||
Morton A. Bender
|
| | | $ | 53,117 | | | | | $ | 34,980 | | | | | $ | — | | | | | $ | 88,097 | | |
L. Burwell Gunn
|
| | | | 64,067 | | | | | | 34,980 | | | | | | — | | | | | | 99,047 | | |
Meena Krishnan(2)
|
| | | | 49,700 | | | | | | — | | | | | | — | | | | | | 49,700 | | |
Scott Laughlin
|
| | | | 58,167 | | | | | | 34,980 | | | | | | — | | | | | | 93,147 | | |
Thomas L. Patterson
|
| | | | 65,067 | | | | | | 34,980 | | | | | | — | | | | | | 100,047 | | |
Devin Satz
|
| | | | 54,867 | | | | | | 34,980 | | | | | | — | | | | | | 89,847 | | |
Lawrence W. Schwartz
|
| | | | 67,967 | | | | | | 34,980 | | | | | | — | | | | | | 102,947 | | |
Sidney G. Simmonds
|
| | | | 56,417 | | | | | | 34,980 | | | | | | — | | | | | | 91,397 | | |
Daniel M. Testa
|
| | | | 56,067 | | | | | | 34,980 | | | | | | — | | | | | | 91,047 | | |
Philip R. Wills, III
|
| | | | 58,167 | | | | | | 34,980 | | | | | | — | | | | | | 93,147 | | |
Steven M. Wiltse
|
| | | | 63,567 | | | | | | 34,980 | | | | | | — | | | | | | 98,547 | | |
Name and Principal Position
|
| |
Year
|
| |
Salary
|
| |
Bonus(1)
|
| |
Stock
Awards(2) |
| |
Option
Awards |
| |
All Other
Compensation(3) |
| |
Total
|
| |||||||||||||||||||||
David W. Pijor, Chief Executive Officer
|
| | | | 2021 | | | | | $ | 750,000 | | | | | $ | 790,000 | | | | | $ | 300,006 | | | | | $ | — | | | | | $ | 33,130 | | | | | $ | 1,873,136 | | |
| | | | | 2020 | | | | | | 691,667 | | | | | | 458,666 | | | | | | — | | | | | | — | | | | | | 39,955 | | | | | | 1,190,288 | | |
Patricia A. Ferrick, President
|
| | | | 2021 | | | | | | 451,667 | | | | | | 285,000 | | | | | | 199,998 | | | | | | — | | | | | | 19,130 | | | | | | 955,995 | | |
| | | | | 2020 | | | | | | 416,667 | | | | | | 165,120 | | | | | | — | | | | | | — | | | | | | 19,155 | | | | | | 600,942 | | |
William G. Byers, Executive Vice President & Chief Lending Officer
|
| | | | 2021 | | | | | | 341,250 | | | | | | 103,194 | | | | | | 122,430 | | | | | | — | | | | | | 19,330 | | | | | | 586,204 | | |
| | | | | 2020 | | | | | | 325,500 | | | | | | 94,500 | | | | | | — | | | | | | — | | | | | | 19,155 | | | | | | 439,155 | | |
Name
|
| |
Year
|
| |
Car
Allowance |
| |
Personal Use of
Company Owned Vehicle |
| |
Insurance
Premiums |
| |
401(k) Matching
Contributions |
| |
Total
|
| ||||||||||||||||||
David W. Pijor
|
| | | | 2021 | | | | | $ | 12,000 | | | | | $ | — | | | | | $ | 10,980 | | | | | $ | 10,150 | | | | | $ | 33,130 | | |
| | | | | 2020 | | | | | | 12,000 | | | | | | — | | | | | | 17,980 | | | | | | 9,975 | | | | | | 39,955 | | |
Patricia A. Ferrick
|
| | | | 2021 | | | | | | — | | | | | | 783 | | | | | | 9,180 | | | | | | 10,150 | | | | | | 20,133 | | |
| | | | | 2020 | | | | | | — | | | | | | — | | | | | | 9,180 | | | | | | 9,975 | | | | | | 19,155 | | |
William G. Byers
|
| | | | 2021 | | | | | | — | | | | | | — | | | | | | 9,180 | | | | | | 10,150 | | | | | | 19,330 | | |
| | | | | 2020 | | | | | | — | | | | | | — | | | | | | 9,180 | | | | | | 9,975 | | | | | | 19,155 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options Exercisable |
| |
Number of
Securities Underlying Unexercised Options Unexercisable |
| |
Option
Exercise Price |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock that Have Not Vested |
| |
Market Value
of Shares or Units of Stock that Have Not Vested(3) |
| ||||||||||||||||||
David W. Pijor
|
| | | | 48,827 | | | | | | — | | | | | $ | 6.91 | | | | | | 3/1/2022 | | | | | | 6,000(1) | | | | | $ | 118,080 | | |
| | | | | 68,358 | | | | | | — | | | | | | 7.17 | | | | | | 3/1/2023 | | | | | | 17,153(2) | | | | | | 337,571 | | |
| | | | | 78,125 | | | | | | — | | | | | | 6.95 | | | | | | 6/26/2024 | | | | | | | | | | | | | | |
| | | | | 78,125 | | | | | | — | | | | | | 8.56 | | | | | | 3/1/2025 | | | | | | | | | | | | | | |
| | | | | 78,125 | | | | | | — | | | | | | 11.52 | | | | | | 5/19/2026 | | | | | | | | | | | | | | |
Patricia A. Ferrick
|
| | | | 27,343 | | | | | | — | | | | | | 7.17 | | | | | | 3/1/2023 | | | | | | 4,500(1) | | | | | | 88,560 | | |
| | | | | 27,343 | | | | | | — | | | | | | 6.95 | | | | | | 6/26/2024 | | | | | | 11,435(2) | | | | | | 225,041 | | |
| | | | | 31,250 | | | | | | — | | | | | | 8.56 | | | | | | 3/1/2025 | | | | | | | | | | | | | | |
| | | | | 29,687 | | | | | | — | | | | | | 11.52 | | | | | | 5/19/2026 | | | | | | | | | | | | | | |
William G. Byers
|
| | | | 15,625 | | | | | | — | | | | | | 6.91 | | | | | | 3/1/2022 | | | | | | 3,000(1) | | | | | | 59,040 | | |
| | | | | 17,577 | | | | | | — | | | | | | 7.17 | | | | | | 3/1/2023 | | | | | | 7,000(2) | | | | | | 137,760 | | |
| | | | | 15,625 | | | | | | — | | | | | | 6.95 | | | | | | 6/26/2024 | | | | | | | | | | | | | | |
| | | | | 19,531 | | | | | | — | | | | | | 8.56 | | | | | | 3/1/2025 | | | | | | | | | | | | | | |
| | | | | 18,750 | | | | | | — | | | | | | 11.52 | | | | | | 5/19/2026 | | | | | | | | | | | | | | |
Year
|
| |
Options
Granted |
| |
Restricted
Stock Awards Granted |
| |
Restricted
Stock Units Granted(1) |
| |
Total
Shares Granted |
| |
Total
Shares Granted (Adjusted)(2) |
| |
Weighted
Average Shares Outstanding |
| |
Gross
Burn Rate |
| |||||||||||||||||||||
2021
|
| | | | — | | | | | | — | | | | | | 117,238 | | | | | | 117,238 | | | | | | 293,095 | | | | | | 13,649,659 | | | | | | 2.15% | | |
2020
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,541,550 | | | | | | 0.00% | | |
2019
|
| | | | — | | | | | | — | | | | | | 79,960 | | | | | | 79,960 | | | | | | 199,900 | | | | | | 13,816,997 | | | | | | 1.45% | | |
| | |
Three-year average
|
| | | | 1.20% | | |
|
Total shares underlying outstanding options
|
| | | | 1,544,893 | | |
|
Total shares underlying outstanding unvested restricted stock
|
| | | | — | | |
|
Total shares underlying outstanding unvested restricted stock units
|
| | | | 151,403 | | |
|
Total shares underlying all outstanding awards
|
| | | | 1,696,296 | | |
|
Weighted average exercise price of outstanding stock options
|
| | | $ | 8.31 | | |
|
Total shares available for grants of new awards
|
| | | | 50,295 | | |
|
Common stock outstanding as of December 31, 2021
|
| | | | 13,727,045 | | |
|
Market price of common stock as of December 31, 2021
|
| | | $ | 19.68 | | |
Plan Category
|
| |
Number of Securities to Be
Issued Upon Exercise of Outstanding Options, Warrants and Rights |
| |
Weighted Average
Exercise Price of Outstanding Options, Warrants and Rights |
| |
Number of Securities
Remaining Available for Future Issuance Under Equity Compensation Plans(1) |
| |||||||||
Equity Compensation Plans Approved by Shareholders:
|
| | | | | | | | | | | | | | | | | | |
Amended and Restated 2008 Stock Plan
|
| | | | 1,544,893 | | | | | $ | 8.31 | | | | | | 50,295 | | |
Equity Compensation Plans Not Approved
by Shareholders(2) |
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 1,544,893 | | | | | $ | 8.31 | | | | | | 50,295 | | |
| | |
FOR
|
| |
WITHHOLD
|
|
Nominees:
|
| | | | | | |
David W. Pijor | | |
☐
|
| |
☐
|
|
L. Burwell Gunn | | |
☐
|
| |
☐
|
|
Morton A. Bender | | |
☐
|
| |
☐
|
|
Patricia A. Ferrick | | |
☐
|
| |
☐
|
|
Meena Krishnan | | |
☐
|
| |
☐
|
|
Scott Laughlin | | |
☐
|
| |
☐
|
|
Thomas L. Patterson | | |
☐
|
| |
☐
|
|
Devin Satz | | |
☐
|
| |
☐
|
|
Lawrence W. Schwartz | | |
☐
|
| |
☐
|
|
Sidney G. Simmonds | | |
☐
|
| |
☐
|
|
Daniel M. Testa | | |
☐
|
| |
☐
|
|
Philip “Trey” R. Wills III | | |
☐
|
| |
☐
|
|
Steven M. Wiltse | | |
☐
|
| |
☐
|
|
| | | | | | |
FOR
|
| |
AGAINST
|
| |
ABSTAIN
|
|
| 2. | | |
Amendment to the Company’s Amended and Restated 2008 Stock Plan. The proposal to increase the number of shares available for issuance under the Plan by 200,000.
|
| |
☐
|
| |
☐
|
| |
☐
|
|
| 3. | | | Ratification of Independent Registered Public Accounting Firm. The proposal to ratify the appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the year ended December 31, 2022. | | |
☐
|
| |
☐
|
| |
☐
|
|
|
Signature
|
| |
Signature
|
|
|
Dated:
|
| |
Dated:
|
|