Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-17

Colony Bankcorp Inc (CBAN)

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.

$1,008,595
T. Heath Fountain total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
97.44%
Say-on-pay support, latest vote
Companies that benchmark against CBAN
5 companies name CBAN as a compensation peer

Each company listed discloses CBAN 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 CBAN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
T. Heath Fountain$535,000$309,397$129,573$0$0$0$34,625$1,008,595
Chief Executive Officer
Ed Canup275,000109,32628,59400034,528447,448
Executive Vice President

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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
T. Heath Fountain$1,008,595$956,204+52,391
Ed Canup447,448

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Ed CanupCHIEF BANKING OFFICER2026-04-24A1,000$20$19,800CommonForm 4 ↗
Ed CanupCHIEF BANKING OFFICER2026-04-24A1,0002019,970CommonForm 4 ↗
Ed CanupCHIEF BANKING OFFICER2026-05-05A1,0002019,650CommonForm 4 ↗
Paul Joiner, IIIDirector2026-07-01A990CommonForm 4 ↗
T. Heath FountainDirector2026-07-01A10,576CommonForm 4 ↗
Derek ShelnuttCFO2026-07-01A3,088CommonForm 4 ↗
Daniel RentzChief Information Officer2026-07-01A1,916CommonForm 4 ↗
Ed CanupCHIEF BANKING OFFICER2026-07-01A3,400CommonForm 4 ↗
Lee BagwellExecutive VP2026-07-01D7612015,593CommonForm 4 ↗
Leonard H. Bateman JREVP & Chief Credit Officer2026-07-01D8812018,052CommonForm 4 ↗
Daniel RentzChief Information Officer2026-07-01D5242010,737CommonForm 4 ↗
Lee BagwellExecutive VP2026-07-01A2,412CommonForm 4 ↗
Laurie SennCHIEF ADMINISTRATIVE OFFICER2026-07-01D5412011,085CommonForm 4 ↗
R. Dallis Copeland JrPresident2026-07-01D1,5002030,735CommonForm 4 ↗
Kimberly C. DockeryChief of Staff, EVP2026-07-01A3,028CommonForm 4 ↗
Brian D. SchmittDirector2026-07-01A990CommonForm 4 ↗
Audrey D. HollingsworthDirector2026-07-01A990CommonForm 4 ↗
Scott L. DowningDirector2026-07-01A990CommonForm 4 ↗
Leonard H. Bateman JREVP & Chief Credit Officer2026-07-01A3,152CommonForm 4 ↗
R. Dallis Copeland JrPresident2026-07-01A5,632CommonForm 4 ↗
Derek ShelnuttCFO2026-07-01D1,0182020,859CommonForm 4 ↗
Matthew D. ReedDirector2026-07-01A990CommonForm 4 ↗
Laurie SennCHIEF ADMINISTRATIVE OFFICER2026-07-01A2,224CommonForm 4 ↗
Mark H. MasseeDirector2026-07-01A990CommonForm 4 ↗
Meagan M. MowryDirector2026-07-01A990CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Roy D. Copeland, Jr.OTHER$53,885
Leonard Bateman, Jr.OTHER41,662
Ed CanupOTHER28,594
T. Heath FountainOTHER129,573
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
T. Heath FountainRSU14,680$261,598
Ed CanupRSU4,38178,069
Copeland, Jr.RSU8,230146,659
05

Incentive-plan design — the Compensation Discussion & Analysis

The level of each executive officer s base salary is designed to reward performance for carrying out the required day-to-day activities and responsibilities of each officer s position. We increase base salaries based upon competitive market needs, our past and expected financial performance and the individual executive s performance.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2113,368,357350,535240,64797.44%Passed
20252025-05-2210,007,380661,860341,53393.8%Passed
20242024-05-1610,750,246505,614340,39795.51%Passed
20232023-05-1811,596,148495,516268,13395.9%Passed
20222022-05-1912,106,175262,979142,91297.87%Passed
20202020-05-265,715,985237,38620,27096.01%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2197.44%a
20252025-05-2293.8%b
20242024-05-1695.51%c

a. Approved under the standard stated in the filing — “Abstentions, votes withheld, and broker non-votes will not be counted and will have no effect.”.

b. Approved under the standard stated in the filing — “Abstentions, votes withheld, and broker non-votes will not be counted and will have no effect.”.

c. Approved under the standard stated in the filing — “Abstentions, votes withheld, and broker non-votes will not be counted and will have no effect.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Paul Joiner, IIIIndependent · Audit$43,333$49,477$0$0$0$92,810
Mark H. MasseeIndependent · Board Chair · Audit (Chair) · Talent Management and Compensation72,50016,49200088,992
Scott L. DowningIndependent · Talent Management and Compensation57,00016,49200073,492
Meagan M. MowryIndependent · Nominating and Governance (Chair)54,50016,49200070,992
Audrey D. HollingsworthIndependent · Audit · Talent Management and Compensation (Chair) · Nominating and Governance54,50016,49200070,992
Matthew D. ReedIndependent · Nominating and Governance54,50016,49200070,992
Brian D. SchmittNot independent52,00016,49200068,492
Edward P. Loomis, JrIndependent · Audit · Nominating and Governance · Risk Management (Chair) · Not standing for re-election · Departed during FY22,708000022,708
09

Board fee structure and ownership guideline

Annual cash retainer$48,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$411,041
Equity awards (grant-date value)$148,429
All other compensation$0
Total cost of the board$559,470

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Colony Bankcorp Inc2025T. Heath Fountain$535,000$129,573$0$0$1,008,595

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Colony Bankcorp Inc in fiscal 2025?
The highest-paid executive at Colony Bankcorp Inc in fiscal 2025 was T. Heath Fountain, Chief Executive Officer, with total compensation of $1,008,595.
How does Colony Bankcorp Inc's chief executive pay compare to its disclosed peer group?
The CEO pay percentile of disclosed peers is not disclosed in this extract.
What is Colony Bankcorp Inc's CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio is not disclosed in this extract.
How did shareholders vote on Colony Bankcorp Inc's executive compensation?
Shareholders voted 97.44% in support of the executive compensation plan.
How much does Colony Bankcorp Inc spend in total on board compensation for fiscal 2025?
The company reported total board compensation for fiscal 2025 of $559,470.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, T. Heath FountainDEF 14A2026-04-160001104659-26-044388Section “Summary Compensation Table”. As printed: 1,008,595. Filing ↗machine: t35 · r3 · c17 · span 278949–278958
2Section 01, Ed CanupDEF 14A2026-04-160001104659-26-044388Section “Summary Compensation Table”. As printed: 447,448. Filing ↗machine: t35 · r9 · c17 · span 305863–305870
3Section 03, Roy D. Copeland, Jr. OTHERDEF 14A2026-04-160001104659-26-044388Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t35 · r7 · c11 · span 295204–295210
4Section 03, Leonard Bateman, Jr. OTHERDEF 14A0001104659-26-044388Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
5Section 03, Ed Canup OTHERDEF 14A2026-04-160001104659-26-044388Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t35 · r9 · c11 · span 304225–304231
6Section 03, T. Heath Fountain OTHERDEF 14A2026-04-160001104659-26-044388Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t35 · r3 · c11 · span 277320–277327
7Section 07, pay ratio10-K2026-03-130000711669-26-000007Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Paul Joiner, IIIDEF 14A2026-04-160001104659-26-044388Section “Director Compensation”. As printed: 92,810. Filing ↗machine: t67 · r7 · c12 · span 600597–600603
9Section 08, Mark H. MasseeDEF 14A2026-04-160001104659-26-044388Section “Director Compensation”. As printed: 88,992. Filing ↗machine: t67 · r9 · c12 · span 607056–607062
10Section 08, Scott L. DowningDEF 14A2026-04-160001104659-26-044388Section “Director Compensation”. As printed: 73,492. Filing ↗machine: t67 · r4 · c12 · span 591159–591165
11Section 08, Meagan M. MowryDEF 14A2026-04-160001104659-26-044388Section “Director Compensation”. As printed: 70,992. Filing ↗machine: t67 · r10 · c12 · span 610362–610368
12Section 08, Audrey D. HollingsworthDEF 14A2026-04-160001104659-26-044388Section “Director Compensation”. As printed: 70,992. Filing ↗machine: t67 · r6 · c12 · span 597538–597544
13Section 08, Matthew D. ReedDEF 14A2026-04-160001104659-26-044388Section “Director Compensation”. As printed: 70,992. Filing ↗machine: t67 · r11 · c12 · span 613421–613427
14Section 08, Brian D. SchmittDEF 14A2026-04-160001104659-26-044388Section “Director Compensation”. As printed: 68,492. Filing ↗machine: t67 · r12 · c12 · span 616728–616734
15Section 08, Edward P. Loomis, JrDEF 14A2026-04-160001104659-26-044388Section “Director Compensation”. As printed: 22,708. Filing ↗machine: t67 · r8 · c3 · span 601690–601696
16Section 02, Ed Canup 2026-04-24Form 42026-04-290002051327-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Ed Canup 2026-04-24Form 42026-04-290002051327-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Ed Canup 2026-05-05Form 42026-05-070002051327-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Paul Joiner, III 2026-07-01Form 42026-07-170002058966-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, T. Heath Fountain 2026-07-01Form 42026-07-170001382232-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Derek Shelnutt 2026-07-01Form 42026-07-170002008989-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Daniel Rentz 2026-07-01Form 42026-07-170002050576-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Ed Canup 2026-07-01Form 42026-07-170002051327-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Lee Bagwell 2026-07-01Form 42026-07-060001687883-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Leonard H. Bateman JR 2026-07-01Form 42026-07-060001813098-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Daniel Rentz 2026-07-01Form 42026-07-060002050576-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Lee Bagwell 2026-07-01Form 42026-07-170001687883-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Laurie Senn 2026-07-01Form 42026-07-060002051575-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, R. Dallis Copeland Jr 2026-07-01Form 42026-07-060001483028-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Kimberly C. Dockery 2026-07-01Form 42026-07-170001749923-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Brian D. Schmitt 2026-07-01Form 42026-07-170001382261-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Audrey D. Hollingsworth 2026-07-01Form 42026-07-170001951288-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Scott L. Downing 2026-07-01Form 42026-07-170001539886-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Leonard H. Bateman JR 2026-07-01Form 42026-07-170001813098-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, R. Dallis Copeland Jr 2026-07-01Form 42026-07-170001483028-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Derek Shelnutt 2026-07-01Form 42026-07-060002008989-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Matthew D. Reed 2026-07-01Form 42026-07-170001770402-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Laurie Senn 2026-07-01Form 42026-07-170002051575-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Mark H. Massee 2026-07-01Form 42026-07-170001387244-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Meagan M. Mowry 2026-07-01Form 42026-07-170001771465-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
41Section 06, 2026 voteForm 8-K2026-05-220001104659-26-065723Item 5.07 · say-on-pay result. As reported: 97.44% (votes for as printed: 13,368,357). Filing ↗
42Section 06, 2025 voteForm 8-K2025-05-230000711669-25-000070Item 5.07 · say-on-pay result. As reported: 93.8% (votes for as printed: 10,007,380). Filing ↗
43Section 06, 2024 voteForm 8-K2024-05-200000711669-24-000064Item 5.07 · say-on-pay result. As reported: 95.51% (votes for as printed: 10,750,246). Filing ↗
44Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
45Section 09b board cost (computed)ComputedcomputedCash 411,041 + equity 148,429 + all other 0 = 559,470, summed across the director compensation table rows.machine: formula: Σ = 559,470
46Colony Bankcorp Inc (subject), Section 10b CEO totalDEF 14A2026-04-160001104659-26-044388CEO total compensation as printed in Colony Bankcorp Inc's own proxy. As printed: 1,008,595. Filing ↗machine: t35 · r3 · c17 · span 278949–278958