Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses BAFN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BAFN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Thomas Zernick | $358,827 | $0 | $47,790 | $0 | $0 | $0 | $21,468 | $428,085 |
| Former CEO | ||||||||
| Robin Oliver | 322,408 | 0 | 35,843 | 0 | 0 | 0 | 36,536 | 394,787 |
| COO | ||||||||
| Scott McKim | 291,200 | 0 | 23,895 | 0 | 0 | 0 | 31,290 | 346,385 |
| EVP and CFO | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Thomas Zernick | $428,085 | $533,374 | $612,342 | −105,289 |
| Robin Oliver | 394,787 | 451,231 | 473,305 | −56,444 |
| Scott McKim | 346,385 | 343,970 | 161,023 | +2,415 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Thomas Zernick | RSU | 3,000 | — | $47,790 |
| Scott McKim | RSU | 1,500 | — | 23,895 |
| Scott McKim | RSU | 14,970,879 | — | 175,159,284 |
| Robin Oliver | RSU | 12,091 | — | 192,612 |
| Robin Oliver | RSU | 800 | — | 17,160 |
| Robin Oliver | RSU | 2,400 | — | 43,920 |
| Robin Oliver | RSU | 2,250 | — | 35,843 |
| Robin Oliver | RSU | 1,800 | — | 21,060 |
| Scott McKim | RSU | 1,000 | — | 11,700 |
| Robin Oliver | Option | 1,125 | 14.67 | — |
The Compensation Committee determines executive compensation based on individual performance, duties and responsibilities, and the performance of BayFirst and the Bank, utilizing peer group analysis and independent consulting advice to ensure alignment with corporate objectives.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer & Partners, LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Anthony N. LeoEmployee director · Compensation · Corporate Social Responsibility | $162,500 | $9,500 | — | — | $23,712 | $220,712 |
| Anthony SaravanosIndependent · Audit and Risk Management · Compensation · Corporate Social Responsibility | 50,500 | 9,500 | — | — | — | 60,000 |
| Barbara J. ZipperianIndependent · Executive (Chair) · Corporate Social Responsibility | 37,000 | 6,840 | — | — | — | 43,840 |
| Christos Politis, M.DIndependent · Audit and Risk Management (Chair) · Corporate Social Responsibility | 33,250 | 6,840 | — | — | — | 40,090 |
| Bradly W. SpoorIndependent · Corporate Social Responsibility · Executive | 30,250 | 6,840 | — | — | — | 37,090 |
| Dennis R. DeLoach IIIIndependent · Corporate Social Responsibility (Chair) · Compensation (Chair) | 26,000 | 6,840 | — | — | — | 32,840 |
| Derek S. BersetIndependent · Audit and Risk Management · Compensation | 26,000 | 6,840 | — | — | — | 32,840 |
| Alexander HarrisIndependent · Audit and Risk Management | 23,500 | 6,840 | — | — | — | 30,340 |
| Sheryl WuDunnIndependent · Corporate Social Responsibility · Executive | 23,500 | 6,840 | — | — | — | 30,340 |
| Robin L. OliverEmployee director | — | — | — | — | — | 0 |
| Thomas G. ZernickEmployee director · Departed during FY | — | — | — | — | — | 0 |
| Annual cash retainer | $0 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $1,500 |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 10,000 / 10,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $412,500 |
| Equity awards (grant-date value) | $66,880 |
| All other compensation | $23,712 |
| Total cost of the board | $503,092 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | BayFirst Financial | 2025 | Thomas Zernick | $358,827 | $47,790 | $0 | $0 | $428,085 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Thomas Zernick | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Executive Compensation”. As printed: 428,085. Filing ↗machine: span 113957–113964 |
| 2 | Section 01, Robin Oliver | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Executive Compensation”. As printed: 394,787. Filing ↗machine: span 127315–127322 |
| 3 | Section 01, Scott McKim | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Executive Compensation”. As printed: 346,385. Filing ↗machine: span 140623–140630 |
| 4 | Section 07, pay ratio | 10-K/A | 2026-08-12 | 0001649739-26-000049 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 5 | Section 08, Anthony N. Leo | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 220,712. Filing ↗machine: span 206061–206068 |
| 6 | Section 08, Anthony Saravanos | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 60,000. Filing ↗machine: span 210693–210699 |
| 7 | Section 08, Barbara J. Zipperian | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 43,840. Filing ↗machine: span 217629–217635 |
| 8 | Section 08, Christos Politis, M.D | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 40,090. Filing ↗machine: span 208380–208386 |
| 9 | Section 08, Bradly W. Spoor | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 37,090. Filing ↗machine: span 213004–213010 |
| 10 | Section 08, Dennis R. DeLoach III | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 32,840. Filing ↗machine: span 201250–201256 |
| 11 | Section 08, Derek S. Berset | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 32,840. Filing ↗machine: span 196596–196602 |
| 12 | Section 08, Alexander Harris | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 30,340. Filing ↗machine: span 203562–203568 |
| 13 | Section 08, Sheryl WuDunn | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 30,340. Filing ↗machine: span 215313–215319 |
| 14 | Section 08, Robin L. Oliver | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 08, Thomas G. Zernick | DEF 14A | 2026-08-19 | 0001649739-26-000069 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 17 | Section 09b board cost (computed) | Computed | — | computed | Cash 412,500 + equity 66,880 + all other 23,712 = 503,092, summed across the director compensation table rows.machine: formula: Σ = 503,092 |
| 18 | BayFirst Financial (subject), Section 10b CEO total | DEF 14A | 2026-08-19 | 0001649739-26-000069 | CEO total compensation as printed in BayFirst Financial's own proxy. As printed: 428,085. Filing ↗machine: span 113957–113964 |