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

Eagle Financial Services Inc (EFSI)

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.

$1,118,007
Brandon Lorey total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
99.13%
Say-on-pay support, latest vote
Companies that benchmark against EFSI
1 company names EFSI as a compensation peer

Each company listed discloses EFSI 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 EFSI 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
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 FY20242025
Brandon Lorey$1,118,007$1,033,801+84,206
Joseph Zmitrovich763,386726,801+36,585
Kathleen Chappell644,559618,146+26,413

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
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 ChappellPSU2025-01-021,2951,2951,943
Brandon LoreyRSU2025-01-023,060111,384
Kathleen ChappellRSU2025-01-021,94370,725
Joseph ZmitrovichPSU2025-01-021,5521,5522,328
Joseph ZmitrovichRSU2025-01-022,32784,703
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 LoreyPSU93337,133
Kathleen ChappellPSU58623,323
Joseph ZmitrovichPSU1,55261,770
Brandon LoreyPSU3,060121,788
Brandon LoreyPSU3,497139,181
Brandon LoreyPSU2,33192,774
Kathleen ChappellPSU1,29551,541
Joseph ZmitrovichPSU2,32792,615
Kathleen ChappellPSU1,48058,904
Joseph ZmitrovichPSU70928,218
Joseph ZmitrovichPSU1,77370,565
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 elected14,98300014,983
Brian T. StrosserIndependent · Newly elected000000
Susan D. DaviesIndependent · Newly elected000000
Brandon C. LoreyEmployee director00000
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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Eagle Financial Services Inc in fiscal 2025?
The highest-paid executive at Eagle Financial Services Inc in fiscal 2025 was Brandon Lorey, President and Chief Executive Officer, with total compensation of $1,118,007.
How does Eagle Financial Services Inc's chief executive pay compare to its disclosed peer group?
The filing shows the CEO pay percentile of disclosed peers is not disclosed.
What is Eagle Financial Services 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 Eagle Financial Services Inc's executive compensation?
Shareholders voted 99.13% in favor of the executive compensation plan.
How much does Eagle Financial Services Inc spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $548,800.

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 334770–334776
11Section 08, Scott M. HambergerDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 55,040. Filing ↗machine: t11 · r7 · c11 · span 321010–321016
12Section 08, Thomas T. GilpinDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 52,857. Filing ↗machine: t11 · r4 · c11 · span 307249–307255
13Section 08, Robert W. Smalley, JrDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 52,840. Filing ↗machine: t11 · r13 · c11 · span 348539–348545
14Section 08, John D. Stokely, JrDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 52,640. Filing ↗machine: t11 · r14 · c11 · span 353129–353135
15Section 08, John R. MillesonDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 52,440. Filing ↗machine: t11 · r9 · c11 · span 330186–330192
16Section 08, Douglas C. RinkerDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 52,440. Filing ↗machine: t11 · r11 · c11 · span 339357–339363
17Section 08, Edward Hill, IIIDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 51,640. Filing ↗machine: t11 · r6 · c11 · span 316422–316428
18Section 08, Tatiana C. MatthewsDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 50,440. Filing ↗machine: t11 · r8 · c11 · span 325600–325606
19Section 08, Mary Bruce GlaizeDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 50,240. Filing ↗machine: t11 · r5 · c11 · span 311836–311842
20Section 08, Karthik ShyamsunderDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 14,983. Filing ↗machine: t11 · r12 · c3 · span 341190–341196
21Section 08, Brian T. StrosserDEF 14A2026-04-080000880641-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Susan D. DaviesDEF 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)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
30Section 03b vehicle mix (computed)ComputedcomputedRSU / 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)ComputedcomputedCash 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