Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-09

C & F FINANCIAL CORP (CFFI)

CEO Thomas Cherry was paid $1,471,984 in fiscal year 2025, ↑ up 13.5% from fiscal year 2024, the 77th percentile of its disclosed peer group (SEC filing 0000913341-26-000015 ↗): 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.

$1,471,984 ↑
Thomas Cherry total, FY2025
77th
CEO pay percentile vs peers
19:1
CEO-to-median pay ratio
99.29%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Thomas Cherry (President/Chief Executive Officer), FY2025 total compensation $1,471,984 (base salary $600,000) [exec_comp, SEC accession 0000913341-26-000015, filed 2026-03-11]

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CFFI's next annual pay disclosure, estimated March 15, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Thomas Cherry$600,000$0$296,804$0$305,000$87,034$183,146$1,471,984
President/Chief Executive Officer
Jason Long335,0000139,7990132,50032,07583,927723,301
Executive Vice President/Chief Financial Officer/Secretary
S. Dustin Crone329,000083,879096,000072,528581,407
President/Chief Executive Officer of C&F Finance Company
Mark A. Fox180,000045,1660340,32407,546573,036
President/Chief Executive Officer of C&F Mortgage Company
John A. Seaman, III287,000053,769092,00055,83346,436535,038
Executive Vice President and Chief Credit Officer of C&F Bank

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 FY2024→2025
Thomas Cherry$1,471,984$1,297,343$1,292,911↑ +174,641
Jason Long723,301650,103615,699↑ +73,198
S. Dustin Crone581,407569,690611,120↑ +11,717
Mark A. Fox573,036———
John A. Seaman, III535,038496,420464,969↑ +38,618

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

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Data as of September 9, 2026 · Source: 0000913341-26-000015 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against CFFI
5 companies name CFFI as a compensation peer

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

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Audrey D. HolmesIndependent Director$56,871
C. Elis OlssonLead Independent Director$73,771
D. Anthony PeayIndependent Director$73,096
Elizabeth R. KelleyIndependent Director$65,696
George R. Sisson IIIIndependent Director$56,871
J. P. Causey JrIndependent Director$69,221
James T. NapierIndependent Director$64,671
Jeffery O. SmithIndependent Director$60,771
Julie R. AgnewIndependent Director$65,321
Larry G. DillonChair of the Board—
Paul C. RobinsonIndependent Director$65,321
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
David H. DownsDirector2026-04-21A450$0$0CommonForm 4 ↗
J. P. Causey JrDirector2026-04-21A45000CommonForm 4 ↗
Audrey D. HolmesDirector2026-04-21A45000CommonForm 4 ↗
Elizabeth R. KelleyDirector2026-04-21A45000CommonForm 4 ↗
Julie R. AgnewDirector2026-04-21A45000CommonForm 4 ↗
D. Anthony PeayDirector2026-04-21A45000CommonForm 4 ↗
Jeffery O. SmithDirector2026-04-21A45000CommonForm 4 ↗
C. Elis OlssonDirector2026-04-21A45000CommonForm 4 ↗
Paul C. RobinsonDirector2026-04-21A45000CommonForm 4 ↗
James T. NapierDirector2026-04-21A45000CommonForm 4 ↗
George R. Sisson IIIDirector2026-04-21A45000CommonForm 4 ↗
Elizabeth R. KelleyDirector2026-05-13D1,0257374,825CommonForm 4 ↗
Thomas F. CherryDirector2026-05-27D5007537,500CommonForm 4 ↗
Jason LongEVP, CHIEF FINANCIAL OFFICER2026-06-05D1,36076102,680CommonForm 4 ↗
Thomas F. CherryDirector2026-06-08D2007515,000CommonForm 4 ↗
Thomas F. CherryDirector2026-06-09D6787651,230CommonForm 4 ↗
Thomas F. CherryDirector2026-06-10D3297925,827CommonForm 4 ↗
Thomas F. CherryDirector2026-06-11D30792,355CommonForm 4 ↗
Thomas F. CherryDirector2026-06-12D1417810,928CommonForm 4 ↗
Elizabeth R. KelleyDirector2026-07-03A21700CommonForm 4 ↗
John A. Seaman, IIIEVP, CHIEF CREDIT OFFICER2026-08-03D6508554,997CommonForm 4 ↗
Thomas F. CherryDirector2026-08-05D5008743,565CommonForm 4 ↗
D. Anthony PeayDirector2026-08-05D4258636,516CommonForm 4 ↗
Larry G. DillonDirector2026-08-20D1,0008686,000CommonForm 4 ↗
S. Dustin CronePRESIDENT & CEO C&F FINANCE2026-09-04D9009484,969CommonForm 4 ↗
Larry G. DillonDirector2026-09-04D1,0009595,070CommonForm 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
Jason LongRSU———765—$56,947
Thomas CherryRSU———1,763—131,238
S. Dustin CronePSU—10,28141,125—61,68834,466
Thomas CherryPSU—67,500135,000—202,500192,576
Mark A. FoxRSU———353—26,277
S. Dustin CroneRSU———537—39,974
John A. Seaman, IIIPSU—8,96935,875—53,81324,714
Mark A. FoxPSU—6,75027,000—40,50033,275
Jason LongPSU—29,31358,625—87,93884,489
John A. Seaman, IIIRSU———468—34,838
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jason Long$56,947$84,489$059.7%
Thomas Cherry131,238192,576059.5%
S. Dustin Crone39,97434,466046.3%
Mark A. Fox26,27733,275055.9%
John A. Seaman, III34,83824,714041.5%

% 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
Mark A. FoxRSU175—$12,703
Thomas CherryRSU4,126—299,506
Jason LongRSU1,292—93,786
Thomas CherryPSU7,992—580,139
Thomas CherryRSU4,309—343,427
Jason LongPSU3,750—272,212
Thomas CherryRSU2,716—197,154
S. Dustin CronePSU2,316—168,119
Jason LongRSU1,891—150,713
Jason LongRSU1,917—139,155
S. Dustin CroneRSU1,359—108,312
Mark A. FoxPSU1,233—89,503
John A. Seaman, IIIPSU625—45,369
S. Dustin CroneRSU1,208—87,689
Jason LongRSU541—39,271
Thomas CherryRSU1,150—83,479
John A. Seaman, IIIRSU825—66,272
Mark A. FoxRSU726—57,862
S. Dustin CroneRSU783—56,838
Mark A. FoxRSU642—46,603
John A. Seaman, IIIRSU625—45,369
Mark A. FoxRSU416—30,197
S. Dustin CroneRSU325—23,592
05

Incentive-plan design — the Compensation Discussion & Analysis

The Corporation's compensation philosophy is designed to attract and retain highly qualified executives and to align executive compensation with the Corporation's long-term performance and shareholder interests.

CEO STI target (% of salary)45%
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-212,044,16414,69210,89199.29%Passed
20252025-04-151,796,29867,27877,99496.39%Passed
20242024-04-162,039,51390,62777,32795.75%Passed
20232023-04-182,039,43450,27520,94497.59%Passed
20222022-04-191,922,97050,58833,63197.44%Passed
20212021-04-201,947,820135,13921,12893.51%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
20262026-04-2199.29%a
20252025-04-1596.39%b
20242024-04-1695.75%c

a. Approved under the standard stated in the filing — “Thus, although abstentions and broker non-votes are counted for purposes of determining the presence or absence of a quorum, they generally do not count as votes cast and, therefore, will have no effect for purposes of determining whether such a matter is approved.”.

b. Approved under the standard stated in the filing — “therefore, abstentions and broker non-votes will have no effect.”.

c. Approved under the standard stated in the filing — “Thus, although abstentions and broker non-votes are counted for purposes of determining the presence or absence of a quorum, they generally do not count as votes cast and, therefore, will have no effect for purposes of determining whether such a matter is approved.”.

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)19 : 1
CEO total compensation$1,471,984
Median employee compensation$75,632
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
C. Elis OlssonIndependent · Lead Independent Director · Audit 1 · Compensation 1 · Nominating 1 (Chair)$47,850$24,990——$931$73,771
D. Anthony PeayIndependent · Audit 1 (Chair) · Nominating 147,17524,990——93173,096
J. P. Causey JrIndependent · Audit · Compensation · Nominating43,30024,990——93169,221
Elizabeth R. KelleyIndependent · Compensation 1 (Chair) · Nominating 139,77524,990——93165,696
Julie R. AgnewIndependent · Audit 1 · Nominating 139,40024,990——93165,321
Paul C. RobinsonIndependent · Audit 1 · Nominating 139,40024,990——93165,321
James T. NapierIndependent · Audit 1 · Nominating 138,75024,990——93164,671
Jeffery O. SmithIndependent · Compensation 1 · Nominating 134,85024,990——93160,771
Audrey D. HolmesIndependent · Nominating 130,95024,990——93156,871
George R. Sisson IIIIndependent · Nominating 130,95024,990——93156,871
Thomas F. CherryEmployee director · Audit—————0
Larry G. DillonEmployee director · Board Chair—————0
David H. DownsIndependent · Departed during FY——————
09

Board fee structure and ownership guideline

Annual cash retainer$14,100
Annual equity retainer$24,990
Per board meeting fee$1,350
Committee chair fees (audit / comp / nom-gov)7,775 / 6,275 / 4,550
Stock ownership guideline$117,270
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$392,400
Equity awards (grant-date value)$249,900
All other compensation$9,310
Total cost of the board$651,610

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

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies C & F FINANCIAL CORP names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including C & F FINANCIAL CORP.

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
1Blue Ridge Bankshares, Inc.2025G. William Beale$721,912$3,398,400$0$286,137$4,425,449
2Capital City Bank Group, Inc.2025William G. Smith, Jr.511,667371,11001,284,2533,135,873
3Civista Bancshares, Inc.2025Dennis Shaffer573,657166,2460258,1462,894,036
4MetroCity Bankshares, Inc.2025Nack Paek507,500995,11101,040,0002,563,611
5Primis Financial Corporation2025Dennis Zember, Jr.748,590912,6000435,5782,185,079
6ACNB Corporation2025James Helt593,569319,193001,825,912
7FVCBankcorp, Inc.2025David Pijor877,500208,800001,752,246
8SmartFinancial, Inc.2025William Carroll, Jr.657,297476,7570509,4331,717,633
9Meridian Corp.2025Christopher Annas622,000264,000001,677,997
10HomeTrust Bancshares, Inc.2025C. Hunter Westbrook675,769349,4000422,5301,487,191
11C & F FINANCIAL CORP2025Thomas Cherry600,000296,8040305,0001,471,984
12CF Bankshares Inc.2025Timothy O'Dell517,500387,4500456,5021,392,313
13Capital Bancorp, Inc.2025Edward Barry726,2500001,380,010
14Carter Bankshares, Inc.2025Litz Van Dyke703,114300,0300183,3001,355,859
15Princeton Bancorp, Inc.2025Edward Dietzler672,500333,3630267,6871,317,222
16MainStreet Bancshares, Inc.2025Jeff Dick710,000532,500001,267,127
17Middlefield Banc Corp.2024Ronald Zimmerly475,000513,2920192,9131,263,438
18LINKBANCORP, Inc.2024Andrew Samuel750,000105,2800375,0001,251,046
19Citizens Financial Services, Inc.2025Randall Black675,00089,969001,212,643
20Southern First Bancshares, Inc.2025R. Arthur Seaver, Jr.515,000204,608001,146,832
21Eagle Financial Services, Inc.2025Brandon Lorey575,000222,7680267,9271,118,007
22SB Financial Group, Inc.2025Mark Klein505,819162,6850274,1571,040,425
23Virginia National Bankshares Corporation2025Glenn Rust500,000325,000001,029,693
24First Community Corporation2025Michael Crapps521,400182,4900210,802975,531
25Farmers & Merchants Bancorp, Inc.2025Lars Eller519,841109,1480283,573969,335
26First National Corporation2025Scott Harvard509,520137,7560257,610923,316
27Richmond Mutual Bancorporation, Inc.2024Garry Kleer490,385000728,330
28AmeriServ Financial, Inc.2025Jeffrey Stopko419,184000626,931
29Chain Bridge Bancorp Inc.2025John Brough II397,662——180,143595,305
30National Bankshares, Inc.2025Lara Ramsey273,49222,399036,540562,269
31BayFirst Financial Corp.2025Thomas Zernick358,82747,79000428,085

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
C & F FINANCIAL CORP113%not disclosedNoMeridian Compensation Partners LLC
ACNB Corporationnot disclosednot disclosedNoBlanchard Consulting Group
AmeriServ Financial, Inc.not disclosedOptions 100not disclosedPearl Meyer
BayFirst Financial Corp.not disclosednot disclosednot disclosedPearl Meyer & Partners, LLC
Blue Ridge Bankshares, Inc.not disclosedPSU 100NoPearl Meyer & Partners
Capital Bancorp, Inc.not disclosednot disclosednot disclosedChaseCompGroup, LLC
Capital City Bank Group, Inc.160.63%PSU 60 · Cash LTI 40NoBlanchard Consulting Group
Carter Bankshares, Inc.67%PSU 50 · RSU 50Yes — Total Shareholder Return (TSR)Arthur J. Gallagher & Co.
CF Bankshares Inc.not disclosedRSU 100not disclosedBank Compensation Consulting (BCC)
Chain Bridge Bancorp Inc.not disclosedCash LTIP 100not disclosednot disclosed
Citizens Financial Services, Inc.not disclosednot disclosednot disclosedBlanchard Consulting Group
Civista Bancshares, Inc.not disclosedRSU 100Yes — Relative TSR vs. Peer Group (3 year average)Blanchard Consulting Group
Eagle Financial Services, Inc.not disclosedRSU 50 · PSU 50NoDavid Jones and Blanchard Consulting Group
Farmers & Merchants Bancorp, Inc.not disclosedStock Awards 100not disclosednot disclosed
First Community Corporationnot disclosednot disclosednot disclosedBlanchard Consulting Group
First National Corporationnot disclosedRSU 100not disclosedPearl Meyer
FVCBankcorp, Inc.not disclosedRSU 100not disclosedBlanchard Consulting Group
HomeTrust Bancshares, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
LINKBANCORP, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners LLC
MainStreet Bancshares, Inc.not disclosedRSU 100not disclosedIndependent compensation consultant (name not disclosed)
Meridian Corp.130%RSU 100not disclosednot disclosed
MetroCity Bankshares, Inc.200%RSU 100not disclosednot disclosed
Middlefield Banc Corp.not disclosednot disclosedYes — total shareholder return (TSR) percentile rankMeridian Compensation Partners, LLC
National Bankshares, Inc.not disclosedRSU 50 · Cash LTI 50NoMeridian Compensation Partners, LLC
Primis Financial Corporation116%PSU 70 · RSU 30Nothe Consultant
Princeton Bancorp, Inc.not disclosedRSU 100not disclosednot disclosed
Richmond Mutual Bancorporation, Inc.not disclosednot disclosednot disclosednot disclosed
SB Financial Group, Inc.not disclosedRSU 100not disclosedBlanchard Consulting Group (BCG)
SmartFinancial, Inc.127.3%RSU 100NoBlanchard Consulting Group
Southern First Bancshares, Inc.not disclosedRSU 100not disclosedMcLagan (Aon Company)
Virginia National Bankshares Corporationnot disclosedRSU 100not disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at C & F FINANCIAL CORP in fiscal 2025?
As disclosed, Thomas Cherry (President/Chief Executive Officer) was the highest-paid executive at C & F FINANCIAL CORP in fiscal 2025, with total compensation of $1,471,984.
How does C & F FINANCIAL CORP's chief executive pay compare to its disclosed peer group?
As disclosed, Thomas Cherry's total compensation ranked at the 77th percentile of C & F FINANCIAL CORP's disclosed peer group.
What is C & F FINANCIAL CORP's CEO-to-median employee pay ratio?
As disclosed, C & F FINANCIAL CORP's CEO-to-median employee pay ratio was 19:1.
How did shareholders vote on C & F FINANCIAL CORP's executive compensation?
As disclosed, 99.29% of shareholders supported C & F FINANCIAL CORP's executive compensation in the latest say-on-pay vote.
How much does C & F FINANCIAL CORP spend in total on board compensation for fiscal 2025?
As disclosed, C & F FINANCIAL CORP reported total board compensation of $651,610 for fiscal 2025.

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, Thomas CherryDEF 14A2026-03-110000913341-26-000015Section “2025 EXECUTIVE COMPENSATION TABLES” · page 44. As printed: 1,471,984. Filing ↗
2Section 01, Jason LongDEF 14A2026-03-110000913341-26-000015Section “2025 EXECUTIVE COMPENSATION TABLES” · page 44. As printed: 723,301. Filing ↗
3Section 01, S. Dustin CroneDEF 14A2026-03-110000913341-26-000015Section “2025 EXECUTIVE COMPENSATION TABLES” · page 44. As printed: 581,407. Filing ↗
4Section 01, Mark A. FoxDEF 14A2026-03-110000913341-26-000015Section “2025 EXECUTIVE COMPENSATION TABLES” · page 44. As printed: 573,036. Filing ↗
5Section 01, John A. Seaman, IIIDEF 14A2026-03-110000913341-26-000015Section “Summary Compensation Table”. As printed: 535,038. Filing ↗machine: t98 · r18 · c24 · span 1040248–1040255
6Section 03, Jason Long RSUDEF 14A2026-03-110000913341-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Thomas Cherry RSUDEF 14A2026-03-110000913341-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
8Section 03, S. Dustin Crone PSUDEF 14A2026-03-110000913341-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r7 · c4 · span 804864–804870
9Section 03, Thomas Cherry PSUDEF 14A2026-03-110000913341-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r5 · c4 · span 794362–794369
10Section 03, Mark A. Fox RSUDEF 14A2026-03-110000913341-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
11Section 03, S. Dustin Crone RSUDEF 14A2026-03-110000913341-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
12Section 03, John A. Seaman, III PSUDEF 14A2026-03-110000913341-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
13Section 03, Mark A. Fox PSUDEF 14A2026-03-110000913341-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r9 · c4 · span 815407–815413
14Section 03, Jason Long PSUDEF 14A2026-03-110000913341-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r6 · c4 · span 799661–799667
15Section 03, John A. Seaman, III RSUDEF 14A2026-03-110000913341-26-000015Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
16Section 07, pay ratioDEF 14A2026-03-110000913341-26-000015Section “CEO Pay Ratio”. As printed: 19 : 1. Filing ↗machine: span 2006249–2006253
17Section 08, C. Elis OlssonDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 73,771. Filing ↗machine: span 336551–336718
18Section 08, D. Anthony PeayDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 73,096. Filing ↗machine: span 342129–342296
19Section 08, J. P. Causey JrDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 69,221. Filing ↗machine: span 314843–315010
20Section 08, Elizabeth R. KelleyDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 65,696. Filing ↗machine: span 325700–325867
21Section 08, Julie R. AgnewDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 65,321. Filing ↗machine: span 309553–309720
22Section 08, Paul C. RobinsonDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 65,321. Filing ↗machine: span 347404–347571
23Section 08, James T. NapierDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 64,671. Filing ↗machine: span 331278–331445
24Section 08, Jeffery O. SmithDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 60,771. Filing ↗machine: span 358262–358429
25Section 08, Audrey D. HolmesDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 56,871. Filing ↗machine: span 320422–320589
26Section 08, George R. Sisson IIIDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 56,871. Filing ↗machine: span 352987–353154
27Section 08, Thomas F. CherryDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 0. Filing ↗
28Section 08, Larry G. DillonDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: 0. Filing ↗
29Section 08, David H. DownsDEF 14A2026-03-110000913341-26-000015Section “Director Compensation”. As printed: —. Filing ↗
30Section 02, David H. Downs 2026-04-21Form 42026-04-220002106027-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, J. P. Causey Jr 2026-04-21Form 42026-04-220001182177-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Audrey D. Holmes 2026-04-21Form 42026-04-220001397142-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Elizabeth R. Kelley 2026-04-21Form 42026-04-220001704488-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Julie R. Agnew 2026-04-21Form 42026-04-220001704420-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, D. Anthony Peay 2026-04-21Form 42026-04-220001207969-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Jeffery O. Smith 2026-04-21Form 42026-04-220001824933-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, C. Elis Olsson 2026-04-21Form 42026-04-220001397421-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Paul C. Robinson 2026-04-21Form 42026-04-220001200509-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, James T. Napier 2026-04-21Form 42026-04-220001191549-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, George R. Sisson III 2026-04-21Form 42026-04-220001803969-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Elizabeth R. Kelley 2026-05-13Form 42026-05-130001704488-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Thomas F. Cherry 2026-05-27Form 42026-05-280001200512-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Jason Long 2026-06-05Form 42026-06-090001669850-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Thomas F. Cherry 2026-06-08Form 42026-06-100001200512-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Thomas F. Cherry 2026-06-09Form 42026-06-100001200512-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Thomas F. Cherry 2026-06-10Form 42026-06-100001200512-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Thomas F. Cherry 2026-06-11Form 42026-06-150001200512-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Thomas F. Cherry 2026-06-12Form 42026-06-150001200512-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Elizabeth R. Kelley 2026-07-03Form 42026-07-070001704488-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, John A. Seaman, III 2026-08-03Form 42026-08-040001601270-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Thomas F. Cherry 2026-08-05Form 42026-08-070001200512-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, D. Anthony Peay 2026-08-05Form 42026-08-070001207969-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Larry G. Dillon 2026-08-20Form 42026-08-200001200507-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, S. Dustin Crone 2026-09-04Form 42026-09-090001601269-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Larry G. Dillon 2026-09-04Form 42026-09-080001200507-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
56Section 06, 2026 voteForm 8-K2026-04-230000913341-26-000019Item 5.07 · say-on-pay result. As reported: 99.29% (votes for as printed: 2,044,164). Filing ↗
57Section 06, 2025 voteForm 8-K2025-04-160000913341-25-000024Item 5.07 · say-on-pay result. As reported: 96.39% (votes for as printed: 1,796,298). Filing ↗
58Section 06, 2024 voteForm 8-K2024-04-180000913341-24-000020Item 5.07 · say-on-pay result. As reported: 95.75% (votes for as printed: 2,039,513). Filing ↗
59Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
60Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
61Section 09b board cost (computed)Computed——Cash 392,400 + equity 249,900 + all other 9,310 = 651,610, summed across the director compensation table rows.machine: formula: Σ = 651,610
62Blue Ridge Bankshares, Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-196703CEO total compensation as printed in Blue Ridge Bankshares, Inc.'s own proxy. As printed: 4,425,449. Filing ↗machine: r2 · c7 · span 411882–411893
63Capital City Bank Group, Inc., Section 10b CEO totalDEF 14A2026-03-100001140361-26-008786CEO total compensation as printed in Capital City Bank Group, Inc.'s own proxy. As printed: 3,135,873. Filing ↗machine: t149 · r2 · c25 · span 550486–550495
64Civista Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-145510CEO total compensation as printed in Civista Bancshares, Inc.'s own proxy. As printed: 2,894,036. Filing ↗
65MetroCity Bankshares, Inc., Section 10b CEO totalDEF 14A2026-04-200001104659-26-045475CEO total compensation as printed in MetroCity Bankshares, Inc.'s own proxy. As printed: 2,563,611. Filing ↗machine: t70 · r5 · c14 · span 404519–404528
66Primis Financial Corporation, Section 10b CEO totalDEF 14A2026-04-100001104659-26-041860CEO total compensation as printed in Primis Financial Corporation's own proxy. As printed: 2,185,079. Filing ↗machine: t76 · r8 · c23 · span 492432–492441
67ACNB Corporation, Section 10b CEO totalDEF 14A2026-03-300001104659-26-036515CEO total compensation as printed in ACNB Corporation's own proxy. As printed: 1,825,912. Filing ↗machine: span 502973–502982
68FVCBankcorp, Inc., Section 10b CEO totalDEF 14A2026-04-070001675644-26-000039CEO total compensation as printed in FVCBankcorp, Inc.'s own proxy. As printed: 1,752,246. Filing ↗machine: span 205994–206003
69SmartFinancial, Inc., Section 10b CEO totalDEF 14A2026-04-070001104659-26-040440CEO total compensation as printed in SmartFinancial, Inc.'s own proxy. As printed: 1,717,633. Filing ↗machine: t125 · r5 · c14 · span 980764–980773
70Meridian Corp., Section 10b CEO totalDEF 14A2026-04-060001750735-26-000027CEO total compensation as printed in Meridian Corp.'s own proxy. As printed: 1,677,997. Filing ↗machine: t18 · r2 · c16 · span 375734–375743
71HomeTrust Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-070001538263-26-000032CEO total compensation as printed in HomeTrust Bancshares, Inc.'s own proxy. As printed: 1,487,191. Filing ↗machine: span 442986–442995
72C & F FINANCIAL CORP (subject), Section 10b CEO totalDEF 14A2026-03-110000913341-26-000015CEO total compensation as printed in C & F FINANCIAL CORP's own proxy. As printed: 1,471,984. Filing ↗
73CF Bankshares Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-172294CEO total compensation as printed in CF Bankshares Inc.'s own proxy. As printed: 1,392,313. Filing ↗machine: t10 · r3 · c20 · span 325946–325955
74Capital Bancorp, Inc., Section 10b CEO totalDEF 14A2026-04-070001419536-26-000091CEO total compensation as printed in Capital Bancorp, Inc.'s own proxy. As printed: 1,380,010. Filing ↗machine: r4 · c24 · span 427121–427130
75Carter Bankshares, Inc., Section 10b CEO totalDEF 14A2026-04-150001829576-26-000027CEO total compensation as printed in Carter Bankshares, Inc.'s own proxy. As printed: 1,355,859. Filing ↗machine: t13 · r2 · c7 · span 396094–396104
76Princeton Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-260001193125-26-126059CEO total compensation as printed in Princeton Bancorp, Inc.'s own proxy. As printed: 1,317,222. Filing ↗machine: r2 · c26 · span 355653–355662
77MainStreet Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-170001437749-26-012635CEO total compensation as printed in MainStreet Bancshares, Inc.'s own proxy. As printed: 1,267,127. Filing ↗machine: span 240347–240356
78Middlefield Banc Corp., Section 10b CEO totalDEF 14A2025-04-040001174947-25-000521CEO total compensation as printed in Middlefield Banc Corp.'s own proxy. As printed: 1,263,438. Filing ↗machine: r1 · c7 · span 147774–147783
79LINKBANCORP, Inc., Section 10b CEO totalDEF 14A2025-04-170001193125-25-083608CEO total compensation as printed in LINKBANCORP, Inc.'s own proxy. As printed: 1,251,046. Filing ↗machine: r2 · c27 · span 189378–189387
80Citizens Financial Services, Inc., Section 10b CEO totalDEF 14A2026-03-120001140361-26-009104CEO total compensation as printed in Citizens Financial Services, Inc.'s own proxy. As printed: 1,212,643. Filing ↗
81Southern First Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-060001206774-26-000194CEO total compensation as printed in Southern First Bancshares, Inc.'s own proxy. As printed: 1,146,832. Filing ↗machine: t89 · r1 · c9 · span 443118–443127
82Eagle Financial Services, Inc., Section 10b CEO totalDEF 14A2026-04-080000880641-26-000009CEO total compensation as printed in Eagle Financial Services, Inc.'s own proxy. As printed: 1,118,007. Filing ↗machine: t14 · r8 · c25 · span 489971–489980
83SB Financial Group, Inc., Section 10b CEO totalDEF 14A2026-03-060001213900-26-024511CEO total compensation as printed in SB Financial Group, Inc.'s own proxy. As printed: 1,040,425. Filing ↗machine: t67 · span 302297–302306
84Virginia National Bankshares Corporation, Section 10b CEO totalDEF 14A2026-04-300001193125-26-194099CEO total compensation as printed in Virginia National Bankshares Corporation's own proxy. As printed: 1,029,693. Filing ↗machine: span 311871–311880
85First Community Corporation, Section 10b CEO totalDEF 14A2026-04-070001552781-26-000218CEO total compensation as printed in First Community Corporation's own proxy. As printed: 975,531. Filing ↗
86Farmers & Merchants Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-240001140361-26-010915CEO total compensation as printed in Farmers & Merchants Bancorp, Inc.'s own proxy. As printed: 969,335. Filing ↗machine: r2 · c21 · span 457783–457790
87First National Corporation, Section 10b CEO totalDEF 14A2026-04-020001437749-26-011018CEO total compensation as printed in First National Corporation's own proxy. As printed: 923,316. Filing ↗machine: span 180767–180774
88Richmond Mutual Bancorporation, Inc., Section 10b CEO totalDEF 14A2025-04-160001140361-25-014130CEO total compensation as printed in Richmond Mutual Bancorporation, Inc.'s own proxy. As printed: 728,330. Filing ↗machine: r2 · c21 · span 228279–228286
89AmeriServ Financial, Inc., Section 10b CEO totalDEF 14A2026-06-080001140361-26-024337CEO total compensation as printed in AmeriServ Financial, Inc.'s own proxy. As printed: 626,931. Filing ↗machine: t71 · r2 · c27 · span 352026–352033
90Chain Bridge Bancorp Inc., Section 10b CEO totalDEF 14A2026-04-280001628280-26-027880CEO total compensation as printed in Chain Bridge Bancorp Inc.'s own proxy. As printed: 595,305. Filing ↗
91National Bankshares, Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-133527CEO total compensation as printed in National Bankshares, Inc.'s own proxy. As printed: 562,269. Filing ↗
92BayFirst Financial Corp., Section 10b CEO totalDEF 14A2026-08-190001649739-26-000069CEO total compensation as printed in BayFirst Financial Corp.'s own proxy. As printed: 428,085. Filing ↗machine: span 113957–113964
93Section 10a, Southern First Bancshares, Inc. reciprocityDEF 14A—0001206774-25-000204Southern First Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include C & F FINANCIAL CORP. Filing ↗
94Section 10a, Civista Bancshares, Inc. reciprocityDEF 14A—0001193125-26-145510Civista Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include C & F FINANCIAL CORP. Filing ↗
95Section 10a, Primis Financial Corporation reciprocityDEF 14A—0001104659-26-041860Primis Financial Corporation's most recent proxy was read; its disclosed peer group does not include C & F FINANCIAL CORP. Filing ↗
96Section 10a, First Community Corporation reciprocityDEF 14A—0001552781-26-000218First Community Corporation names C & F FINANCIAL CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
97Section 10a, Farmers & Merchants Bancorp, Inc. reciprocityDEF 14A—0001193125-25-044260Farmers & Merchants Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include C & F FINANCIAL CORP. Filing ↗
98Section 10a, HomeTrust Bancshares, Inc. reciprocityDEF 14A—0001538263-26-000032HomeTrust Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include C & F FINANCIAL CORP. Filing ↗
99Section 10a, National Bankshares, Inc. reciprocityDEF 14A—0001437749-22-007693National Bankshares, Inc. names C & F FINANCIAL CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
100Section 10a, Carter Bankshares, Inc. reciprocityDEF 14A—0001829576-26-000027Carter Bankshares, Inc. names C & F FINANCIAL CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
101Section 10a, Middlefield Banc Corp. reciprocityDEF 14A—0001174947-25-000521Middlefield Banc Corp.'s most recent proxy was read; its disclosed peer group does not include C & F FINANCIAL CORP. Filing ↗
102Section 10a, Capital City Bank Group, Inc. reciprocityDEF 14A—0001140361-26-008786Capital City Bank Group, Inc. names C & F FINANCIAL CORP in its own disclosed peer group (read from its most recent proxy). Filing ↗
103Section 10a, SB Financial Group, Inc. reciprocityDEF 14A—0001213900-26-024511SB Financial Group, Inc.'s most recent proxy was read; its disclosed peer group does not include C & F FINANCIAL CORP. Filing ↗
104Section 10a, Citizens Financial Services, Inc. reciprocityDEF 14A—0001140361-26-009104Citizens Financial Services, Inc.'s most recent proxy was read; its disclosed peer group does not include C & F FINANCIAL CORP. Filing ↗

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