Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-20

EAGLE FINANCIAL SERVICES INC (EFSI)

CEO Brandon Lorey was paid $1,118,007 in fiscal year 2025, ↑ up 8.1% from fiscal year 2024 (SEC filing 0000880641-26-000009 ↗): 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.

$1,118,007 ↑
Brandon Lorey total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
99.13%
Say-on-pay support, latest vote

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EFSI's next annual pay disclosure, estimated April 7, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Brandon Lorey$575,000$0$222,768$0$267,927$0$52,312$1,118,007
President and Chief Executive Officer
Joseph Zmitrovich419,4000141,1960146,567056,223763,386
President and Chief Banking Officer, Bank of Clarke
Kathleen Chappell349,8210117,8630122,252054,623644,559
Executive Vice President and 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
Brandon Lorey$1,118,007$1,033,801$795,222↑ +84,206
Joseph Zmitrovich763,386726,801564,921↑ +36,585
Kathleen Chappell644,559618,146482,576↑ +26,413

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

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$1,118,007 Brandon Lorey total, FY2025

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Data as of May 20, 2026 · Source: 0000880641-26-000009 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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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
Brian T. StrosserIndependent Director—
Cary C. NelsonChair of the Board$63,240
Douglas C. RinkerIndependent Director$52,440
Edward Hill, IIIIndependent Director$51,640
John D. Stokely, JrIndependent Director$52,640
John R. MillesonIndependent Director$52,440
Karthik ShyamsunderIndependent Director$14,983
Mary Bruce GlaizeIndependent Director$50,240
Robert W. Smalley, JrIndependent Director$52,840
Scott M. HambergerIndependent Director$55,040
Susan D. DaviesIndependent Director—
Tatiana C. MatthewsIndependent Director$50,440
Thomas T. GilpinFormer director (through FY2025)$52,857
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
Marianne SchmidtEXECUTIVE OFFICER2026-04-29D388$38$14,725CommonForm 4 ↗
Robert W. Smalley, JrDirector2026-05-19D76100CommonForm 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
Kathleen ChappellPSU2025-01-02—1,295—1,943—
Brandon LoreyRSU2025-01-02——3,060—111,384
Kathleen ChappellRSU2025-01-02——1,943—70,725
Joseph ZmitrovichPSU2025-01-02—1,552—2,328—
Joseph ZmitrovichRSU2025-01-02——2,327—84,703
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Kathleen Chappell$70,725$0$00.0%
Brandon Lorey111,384000.0%
Joseph Zmitrovich84,703000.0%

% 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
Kathleen ChappellPSU1,943—$77,331
Brandon LoreyPSU933—37,133
Kathleen ChappellPSU586—23,323
Joseph ZmitrovichPSU1,552—61,770
Brandon LoreyPSU3,060—121,788
Brandon LoreyPSU3,497—139,181
Brandon LoreyPSU2,331—92,774
Kathleen ChappellPSU1,295—51,541
Joseph ZmitrovichPSU2,327—92,615
Kathleen ChappellPSU1,480—58,904
Joseph ZmitrovichPSU709—28,218
Joseph ZmitrovichPSU1,773—70,565
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary objective of the executive compensation program is to attract and retain highly skilled and motivated executive officers who will manage the company in a manner to promote its growth and profitability and to advance the interest of its shareholders. Additional objectives of our executive compensation program are the following: align executive pay with shareholders interests; recognize individual initiative and achievements; and unite the entire executive management team to a common objective.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantDavid Jones and Blanchard Consulting Group
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-203,335,23029,15215,62599.13%Passed
20222022-05-171,502,13447,38236,18296.94%Passed
20192019-05-141,797,53574,55322,48696.02%Passed
20162016-05-171,976,90961,53741,01396.98%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
20252025-05-2099.13%a
20222022-05-1796.94%b
20192019-05-1496.02%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be considered votes cast and will have no effect on the outcome of this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be considered votes cast and will have no effect on the outcome of this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be considered a vote for, or a vote against, a Director and will have no effect on the outcome of this proposal.”.

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
Cary C. NelsonIndependent · Board Chair · Audit · Nominating/Corporate Governance$41,400$21,840$0$0$0$63,240
Scott M. HambergerIndependent · Audit (Chair) · Compensation33,20021,84000055,040
Thomas T. GilpinIndependent · Departed during FY31,01721,84000052,857
Robert W. Smalley, JrIndependent · Audit · Compensation · Not standing for re-election31,00021,84000052,840
John D. Stokely, JrIndependent · Nominating/Corporate Governance30,80021,84000052,640
John R. MillesonIndependent30,60021,84000052,440
Douglas C. RinkerIndependent · Compensation · Nominating/Corporate Governance30,60021,84000052,440
Edward Hill, IIIIndependent · Audit · Nominating/Corporate Governance29,80021,84000051,640
Tatiana C. MatthewsIndependent · Compensation28,60021,84000050,440
Mary Bruce GlaizeIndependent · Nominating/Corporate Governance28,40021,84000050,240
Karthik ShyamsunderIndependent · Audit · Newly elected14,983—00014,983
Susan D. DaviesIndependent · Newly elected000000
Brian T. StrosserIndependent · Newly elected000000
Brandon C. LoreyEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$25,000
Annual equity retainer$21,840
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)37,000
Stock ownership guidelineconsultants provided consulting to the Company about director compensation and stock ownership guidelines.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$330,400
Equity awards (grant-date value)$218,400
All other compensation$0
Total cost of the board$548,800

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 FINANCIAL SERVICES INC2025Brandon Lorey$575,000$222,768$0$267,927$1,118,007

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 FINANCIAL SERVICES INC in fiscal 2025?
As disclosed, Brandon Lorey (President and Chief Executive Officer) was the highest-paid executive at EAGLE FINANCIAL SERVICES INC in fiscal 2025, with total compensation of $1,118,007.
How did shareholders vote on EAGLE FINANCIAL SERVICES INC's executive compensation?
As disclosed, 99.13% of shareholders supported EAGLE FINANCIAL SERVICES INC's executive compensation in the latest say-on-pay vote.
How much does EAGLE FINANCIAL SERVICES INC spend in total on board compensation for fiscal 2025?
As disclosed, EAGLE FINANCIAL SERVICES INC reported total board compensation of $548,800 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, Brandon LoreyDEF 14A2026-04-080000880641-26-000009Section “Summary Compensation Table”. As printed: 1,118,007. Filing ↗machine: t14 · r8 · c25 · span 489971–489980
2Section 01, Joseph ZmitrovichDEF 14A2026-04-080000880641-26-000009Section “Summary Compensation Table”. As printed: 763,386. Filing ↗machine: t14 · r16 · c25 · span 556323–556330
3Section 01, Kathleen ChappellDEF 14A2026-04-080000880641-26-000009Section “Summary Compensation Table”. As printed: 644,559. Filing ↗machine: t14 · r12 · c25 · span 523142–523149
4Section 03, Kathleen Chappell PSUDEF 14A2026-04-080000880641-26-000009Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t12 · r3 · c3 · span 410642–410647
5Section 03, Brandon Lorey RSUDEF 14A2026-04-080000880641-26-000009Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t12 · r2 · c2 · span 408853–408858
6Section 03, Kathleen Chappell RSUDEF 14A2026-04-080000880641-26-000009Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t12 · r3 · c2 · span 410311–410316
7Section 03, Joseph Zmitrovich PSUDEF 14A2026-04-080000880641-26-000009Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t12 · r4 · c3 · span 412227–412232
8Section 03, Joseph Zmitrovich RSUDEF 14A2026-04-080000880641-26-000009Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t12 · r4 · c2 · span 411896–411901
9Section 07, pay ratio10-K2026-03-160000880641-26-000004Section “CEO Pay Ratio”. As printed: —. Filing ↗
10Section 08, Cary C. NelsonDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 63,240. Filing ↗machine: t11 · r10 · c11 · span 334580–334787
11Section 08, Scott M. HambergerDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 55,040. Filing ↗machine: t11 · r7 · c11 · span 320820–321027
12Section 08, Thomas T. GilpinDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 52,857. Filing ↗machine: t11 · r4 · c11 · span 307059–307266
13Section 08, Robert W. Smalley, JrDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 52,840. Filing ↗machine: t11 · r13 · c11 · span 348349–348556
14Section 08, John D. Stokely, JrDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 52,640. Filing ↗machine: t11 · r14 · c11 · span 352939–353146
15Section 08, John R. MillesonDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 52,440. Filing ↗machine: t11 · r9 · c11 · span 329996–330203
16Section 08, Douglas C. RinkerDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 52,440. Filing ↗machine: t11 · r11 · c11 · span 339167–339374
17Section 08, Edward Hill, IIIDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 51,640. Filing ↗machine: t11 · r6 · c11 · span 316232–316439
18Section 08, Tatiana C. MatthewsDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 50,440. Filing ↗machine: t11 · r8 · c11 · span 325410–325617
19Section 08, Mary Bruce GlaizeDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 50,240. Filing ↗machine: t11 · r5 · c11 · span 311646–311853
20Section 08, Karthik ShyamsunderDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 14,983. Filing ↗machine: t11 · r12 · c3 · span 341000–341207
21Section 08, Susan D. DaviesDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Brian T. StrosserDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Brandon C. LoreyDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
24Section 02, Marianne Schmidt 2026-04-29Form 42026-05-010001920941-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Robert W. Smalley, Jr 2026-05-19Form 42026-05-200001231997-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
26Section 06, 2025 voteForm 8-K2025-05-220000950170-25-076100Item 5.07 · say-on-pay result. As reported: 99.13% (votes for as printed: 3,335,230). Filing ↗
27Section 06, 2022 voteForm 8-K2022-05-180001564590-22-020628Item 5.07 · say-on-pay result. As reported: 96.94%. Filing ↗
28Section 06, 2019 voteForm 8-K2019-05-160001193125-19-149026Item 5.07 · say-on-pay result. As reported: 96.02%. Filing ↗
29Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
30Section 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
31Section 09b board cost (computed)Computed——Cash 330,400 + equity 218,400 + all other 0 = 548,800, summed across the director compensation table rows.machine: formula: Σ = 548,800
32EAGLE FINANCIAL SERVICES INC (subject), 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

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