Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-29

Eagle Bancorp Montana (EBMT)

CEO Laura Clark was paid $937,647 in fiscal year 2025, ↑ up 63.8% from fiscal year 2024 (SEC filing 0001437749-26-007353 ↗): 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.

$937,647 ↑
Laura Clark total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
85.76%
Say-on-pay support, latest vote

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EBMT's next annual pay disclosure, estimated March 4, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Laura Clark$492,499$0$142,482$0$147,000$0$155,666$937,647
President/Chief Executive Officer
P. Darryl Rensmon300,000057,989075,0000140,246573,235
Executive Vice President/Chief Operating Officer
Miranda Spaulding305,000059,991073,7000110,134548,825
Senior Vice President/Chief Financial Officer

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
Laura Clark$937,647$572,273$642,868↑ +365,374
P. Darryl Rensmon573,235———
Miranda Spaulding548,825395,858392,097↑ +152,967

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

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Laura ClarkCEO$937,647
Miranda SpauldingCFO$548,825
P. Darryl RensmonCOO$573,235
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
Benjamin G. RuddyFormer director (through FY2025)$41,863
Corey I. JensenIndependent Director$58,395
Cynthia A. UtterbackIndependent Director$55,195
Kenneth M. WalshIndependent Director$53,595
Maureen J. RudeIndependent Director$60,995
Peter J. JohnsonIndependent Director$100,455
Rick F. HaysChair of the Board$69,995
Samuel D. WatersDirector$64,852
Shavon R. CapeIndependent Director$57,595
Tanya J. ChemodurowIndependent Director$53,995
Thomas J. McCarvelIndependent Director$60,395
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
P. Darryl RensmonRSU1,771—$35,243
Laura ClarkRSU8,618—171,498
Laura ClarkRSU4,371—86,983
Miranda SpauldingRSU4,312—85,809
P. Darryl RensmonRSU2,439—48,536
Miranda SpauldingRSU1,771—35,243
05

Incentive-plan design — the Compensation Discussion & Analysis

The objective of our executive compensation program is to attract, retain, and motivate leaders who are committed to executing on our business strategy and creating long-term value for our stakeholders. We link a meaningful portion of compensation to performance using short-term (cash) and long-term (equity) compensation to encourage both proactivity and long-term sustainability.

CEO STI target (% of salary)—
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
20262026-04-234,395,354729,57495,86685.76%Passed
20252025-04-243,616,505740,62368,31283%Passed
20242024-04-183,139,9391,301,687257,29766.82%Passed
20232023-04-204,315,621225,765317,87595.03%Passed
20222022-04-213,731,989304,267264,77492.46%Passed
20212021-04-223,914,39898,976320,63497.53%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
20262026-04-2385.76%a
20252025-04-2483%b
20242024-04-1866.82%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Abstentions will have the effect of a vote against the ratification of Moss Adams LLP.”.

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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Peter J. JohnsonIndependent$34,800$19,995$0—$45,660$100,455
Rick F. HaysIndependent · Board Chair · Nominating50,00019,9950—069,995
Samuel D. WatersNot independent33,20019,9950—11,65764,852
Maureen J. RudeIndependent · Audit (Chair)41,00019,9950—060,995
Thomas J. McCarvelIndependent · Compensation (Chair) · Nominating40,40019,9950—060,395
Corey I. JensenIndependent · Audit · Compensation38,40019,9950—058,395
Shavon R. CapeIndependent · Nominating (Chair)37,60019,9950—057,595
Cynthia A. UtterbackIndependent · Audit35,20019,9950—055,195
Tanya J. ChemodurowIndependent · Compensation34,00019,9950—053,995
Kenneth M. WalshIndependent · Nominating33,60019,9950—053,595
Benjamin G. RuddyNot independent · Departed during FY000—41,86341,863
Laura F. ClarkEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$30,000
Annual equity retainer$20,000
Per board meeting fee$0
Committee chair fees (audit / comp / nom-gov)35,000 / 32,000 / 32,000
Stock ownership guideline$150,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$378,200
Equity awards (grant-date value)$199,950
All other compensation$99,180
Total cost of the board$677,330

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
1Eagle Bancorp Montana2025Laura Clark$492,499$142,482$0$147,000$937,647

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.

10d

Frequently asked questions

Who was the highest-paid executive at Eagle Bancorp Montana in fiscal 2025?
As disclosed, Laura Clark (President/Chief Executive Officer) was the highest-paid executive at Eagle Bancorp Montana in fiscal 2025, with total compensation of $937,647.
How did shareholders vote on Eagle Bancorp Montana's executive compensation?
As disclosed, 85.76% of shareholders supported Eagle Bancorp Montana's executive compensation in the latest say-on-pay vote.
How much does Eagle Bancorp Montana spend in total on board compensation for fiscal 2025?
As disclosed, Eagle Bancorp Montana reported total board compensation of $677,330 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, Laura ClarkDEF 14A2026-03-090001437749-26-007353Section “Executive Compensation”. As printed: 937,647. Filing ↗machine: span 312591–312598
2Section 01, P. Darryl RensmonDEF 14A2026-03-090001437749-26-007353Section “Executive Compensation”. As printed: 573,235. Filing ↗machine: r6 · c21 · span 325269–325276
3Section 01, Miranda SpauldingDEF 14A2026-03-090001437749-26-007353Section “Executive Compensation”. As printed: 548,825. Filing ↗machine: r4 · c21 · span 318926–318933
4Section 08, Peter J. JohnsonDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 100,455. Filing ↗machine: span 193667–193674
5Section 08, Rick F. HaysDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 69,995. Filing ↗machine: span 191197–191203
6Section 08, Samuel D. WatersDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 64,852. Filing ↗machine: span 215500–215506
7Section 08, Maureen J. RudeDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 60,995. Filing ↗machine: span 198493–198499
8Section 08, Thomas J. McCarvelDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 60,395. Filing ↗machine: span 196082–196088
9Section 08, Corey I. JensenDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 58,395. Filing ↗machine: span 208141–208147
10Section 08, Shavon R. CapeDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 57,595. Filing ↗machine: span 200903–200909
11Section 08, Cynthia A. UtterbackDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 55,195. Filing ↗machine: span 213030–213036
12Section 08, Tanya J. ChemodurowDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 53,995. Filing ↗machine: span 203318–203324
13Section 08, Kenneth M. WalshDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 53,595. Filing ↗machine: span 205730–205736
14Section 08, Benjamin G. RuddyDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 41,863. Filing ↗machine: span 210114–210120
15Section 08, Laura F. ClarkDEF 14A2026-03-090001437749-26-007353Section “Director Compensation”. As printed: 0. Filing ↗
16Section 06, 2026 voteForm 8-K2026-04-290001437749-26-013873Item 5.07 · say-on-pay result. As reported: 85.76% (votes for as printed: 4,395,354). Filing ↗
17Section 06, 2025 voteForm 8-K2025-04-290001437749-25-013503Item 5.07 · say-on-pay result. As reported: 83% (votes for as printed: 3,616,505). Filing ↗
18Section 06, 2024 voteForm 8-K2024-04-240001437749-24-012965Item 5.07 · say-on-pay result. As reported: 66.82% (votes for as printed: 3,139,939). Filing ↗
19Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
20Section 09b board cost (computed)Computed——Cash 378,200 + equity 199,950 + all other 99,180 = 677,330, summed across the director compensation table rows.machine: formula: Σ = 677,330
21Eagle Bancorp Montana (subject), Section 10b CEO totalDEF 14A2026-03-090001437749-26-007353CEO total compensation as printed in Eagle Bancorp Montana's own proxy. As printed: 937,647. Filing ↗machine: span 312591–312598

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