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.
Each company listed discloses FMBM 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 FMBM in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Aubrey Wilkerson | $388,212 | $0 | $109,488 | $0 | $192,439 | $0 | $64,250 | $754,389 |
| Chief Executive Officer | ||||||||
| Barton Black | 340,629 | 0 | 79,808 | 0 | 110,134 | 0 | 57,844 | 588,415 |
| President | ||||||||
| Lisa Campbell | 296,901 | 0 | 68,106 | 0 | 99,816 | 0 | 43,858 | 508,681 |
| EVP & 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Aubrey Wilkerson | $754,389 | $625,185 | — | +129,204 |
| Barton Black | 588,415 | 505,264 | — | +83,151 |
| Lisa Campbell | 508,681 | 413,747 | — | +94,934 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Dean W. Withers | Director | 2026-05-11 | A | 2,000 | $35 | $69,000 | Common | Form 4 ↗ |
| Dean W. Withers | Director | 2026-05-11 | A | 127 | 35 | 4,382 | Common | Form 4 ↗ |
| Neil A. Houff | Director | 2026-06-18 | A | 171 | 36 | 6,173 | Common | Form 4 ↗ |
| Peter H. Wray | Director | 2026-06-18 | A | 171 | 36 | 6,173 | Common | Form 4 ↗ |
| Bret V. Harrison | Director | 2026-06-18 | A | 228 | 36 | 8,231 | Common | Form 4 ↗ |
| John A. Willingham | Director | 2026-06-18 | A | 77 | 36 | 2,780 | Common | Form 4 ↗ |
| Hannah W. Hutman | Director | 2026-06-18 | A | 171 | 36 | 6,173 | Common | Form 4 ↗ |
| Christopher S. Runion | Director | 2026-06-18 | A | 171 | 36 | 6,173 | Common | Form 4 ↗ |
| Edward Ray Burkholder | Director | 2026-06-18 | A | 247 | 36 | 8,917 | Common | Form 4 ↗ |
| Anne B. Keeler | Director | 2026-06-18 | A | 171 | 36 | 6,173 | Common | Form 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.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Lisa Campbell | RSU | 2025-03-20 | — | — | 3,527 | — | $68,106 |
| Aubrey Wilkerson | RSU | 2025-03-20 | — | — | 5,670 | — | 109,488 |
| Barton Black | RSU | 2025-03-20 | — | — | 4,133 | — | 79,808 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Lisa Campbell | $68,106 | $0 | $0 | 0.0% |
| Aubrey Wilkerson | 109,488 | 0 | 0 | 0.0% |
| Barton Black | 79,808 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Aubrey Wilkerson | RSU | 5,670 | — | $163,013 |
| Lisa Campbell | RSU | 3,527 | — | 101,401 |
| Aubrey Wilkerson | RSU | 4,555 | — | 130,956 |
| Lisa Campbell | RSU | 1,597 | — | 45,914 |
| Barton Black | RSU | 331 | — | 9,516 |
| Lisa Campbell | RSU | 139 | — | 3,996 |
| Barton Black | RSU | 4,133 | — | 118,824 |
| Barton Black | RSU | 961 | — | 27,629 |
| Aubrey Wilkerson | RSU | 888 | — | 25,530 |
| Aubrey Wilkerson | RSU | 303 | — | 8,711 |
| Barton Black | RSU | 2,617 | — | 75,239 |
The overall objectives of our executive compensation program are to provide a compensation package intended to attract, motivate, and retain qualified executives and to provide them with incentives to achieve our annual goals and to increase shareholder value.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Blanchard Consulting Group |
| Clawback policy | true |
| Anti-hedging | false |
| Anti-pledging | false |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-16 | 1,633,673 | 64,861 | 29,702 | 96.18% | Passed |
| 2025 | 2025-05-17 | 1,383,180 | 134,950 | 24,648 | 91.11% | Passed |
| 2024 | 2024-05-18 | 1,290,783 | 105,045 | 36,844 | 92.47% | Passed |
| 2023 | 2023-07-29 | 1,298,129 | 68,437 | 69,453 | 94.99% | Passed |
| 2022 | 2022-05-12 | 1,426,874 | 88,301 | 28,302 | 94.17% | Passed |
| 2021 | 2021-05-04 | 545,409 | 82,903 | 3,049 | 86.81% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-16 | 96.18%a |
| 2025 | 2025-05-17 | 91.11%b |
| 2024 | 2024-05-18 | 92.47%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
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.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Michael W. PughIndependent · Board Chair · Compensation · Corporate Governance | $51,500 | — | $0 | $0 | $0 | $51,500 |
| Dean W. WithersIndependent · Corporate Governance | 41,200 | — | 0 | 0 | 0 | 41,200 |
| Anne B. KeelerIndependent · Audit · Corporate Governance | 16,480 | 24,720 | 0 | 0 | 0 | 41,200 |
| Hannah W. HutmanIndependent · Corporate Governance | 16,480 | 24,720 | 0 | 0 | 0 | 41,200 |
| Neil A. HouffIndependent | 16,480 | 24,720 | 0 | 0 | 0 | 41,200 |
| Peter H. WrayIndependent · Audit · Compensation | 16,480 | 24,720 | 0 | 0 | 0 | 41,200 |
| Edward Ray BurkholderIndependent · Audit · Compensation | 8,240 | 32,960 | 0 | 0 | 0 | 41,200 |
| John A. WillinghamIndependent · Audit · Compensation | 30,900 | 10,300 | 0 | 0 | 0 | 41,200 |
| Christopher S. RunionIndependent · Corporate Governance | 16,480 | 24,720 | 0 | 0 | 0 | 41,200 |
| Daphyne ThomasIndependent · Departed during FY | 13,733 | 20,600 | 0 | 0 | 0 | 34,333 |
| Bret V. HarrisonIndependent · Newly elected | 0 | 0 | 0 | 0 | 0 | 0 |
| Aubrey Michael WilkersonEmployee director · Corporate Governance | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $41,200 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | 12,500 shares (threshold for cash election) |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $227,973 |
| Equity awards (grant-date value) | $187,460 |
| All other compensation | $0 |
| Total cost of the board | $415,433 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | F&M Bank Corp | 2025 | Aubrey Wilkerson | $388,212 | $109,488 | $0 | $192,439 | $754,389 |
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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Aubrey Wilkerson | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “SUMMARY COMPENSATION TABLE”. As printed: 754,389. Filing ↗machine: r3 · c21 · span 164748–164755 |
| 2 | Section 01, Barton Black | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “SUMMARY COMPENSATION TABLE”. As printed: 588,415. Filing ↗machine: r6 · c21 · span 172944–172951 |
| 3 | Section 01, Lisa Campbell | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “SUMMARY COMPENSATION TABLE”. As printed: 508,681. Filing ↗machine: r9 · c21 · span 181126–181133 |
| 4 | Section 03, Lisa Campbell RSU | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “ALL OTHER COMPENSATION FISCAL YEAR” · grants of plan-based awards table. Filing ↗machine: t45 · r16 · c5 · span 226996–227001 |
| 5 | Section 03, Aubrey Wilkerson RSU | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “ALL OTHER COMPENSATION FISCAL YEAR” · grants of plan-based awards table. Filing ↗machine: t45 · r7 · c5 · span 216115–216120 |
| 6 | Section 03, Barton Black RSU | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “ALL OTHER COMPENSATION FISCAL YEAR” · grants of plan-based awards table. Filing ↗machine: t45 · r12 · c5 · span 222151–222156 |
| 7 | Section 07, pay ratio | 10-K | 2026-03-27 | 0001654954-26-002891 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 8 | Section 08, Michael W. Pugh | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 51,500. Filing ↗machine: t36 · r5 · c3 · span 135826–135832 |
| 9 | Section 08, Dean W. Withers | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 41,200. Filing ↗machine: t36 · r9 · c3 · span 142019–142025 |
| 10 | Section 08, Anne B. Keeler | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 41,200. Filing ↗machine: t36 · r4 · c11 · span 135197–135203 |
| 11 | Section 08, Hannah W. Hutman | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 41,200. Filing ↗machine: t36 · r3 · c11 · span 133663–133669 |
| 12 | Section 08, Neil A. Houff | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 41,200. Filing ↗machine: t36 · r2 · c11 · span 132128–132134 |
| 13 | Section 08, Peter H. Wray | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 41,200. Filing ↗machine: t36 · r10 · c11 · span 144454–144460 |
| 14 | Section 08, Edward Ray Burkholder | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 41,200. Filing ↗machine: t36 · r1 · c11 · span 130596–130602 |
| 15 | Section 08, John A. Willingham | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 41,200. Filing ↗machine: t36 · r8 · c11 · span 141390–141396 |
| 16 | Section 08, Christopher S. Runion | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 41,200. Filing ↗machine: t36 · r6 · c11 · span 138269–138275 |
| 17 | Section 08, Daphyne Thomas | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 34,333. Filing ↗machine: t36 · r7 · c11 · span 139846–139852 |
| 18 | Section 08, Bret V. Harrison | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 19 | Section 08, Aubrey Michael Wilkerson | DEF 14A | 2026-04-13 | 0001654954-26-003452 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 20 | Section 02, Dean W. Withers 2026-05-11 | Form 4 | 2026-05-13 | 0001238724-26-000001 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, Dean W. Withers 2026-05-11 | Form 4 | 2026-05-13 | 0001238724-26-000001 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Neil A. Houff 2026-06-18 | Form 4 | 2026-06-22 | 0002042741-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, Peter H. Wray 2026-06-18 | Form 4 | 2026-06-22 | 0001723494-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, Bret V. Harrison 2026-06-18 | Form 4 | 2026-06-22 | 0002109627-26-000007 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, John A. Willingham 2026-06-18 | Form 4 | 2026-06-22 | 0001375820-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, Hannah W. Hutman 2026-06-18 | Form 4 | 2026-06-22 | 0001918426-26-000003 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, Christopher S. Runion 2026-06-18 | Form 4 | 2026-06-22 | 0001491981-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 02, Edward Ray Burkholder 2026-06-18 | Form 4 | 2026-06-22 | 0001659019-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, Anne B. Keeler 2026-06-18 | Form 4 | 2026-06-22 | 0001800327-26-000003 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 06, 2026 vote | Form 8-K | 2026-05-19 | 0001654954-26-005093 | Item 5.07 · say-on-pay result. As reported: 96.18% (votes for as printed: 1,633,673). Filing ↗ |
| 31 | Section 06, 2025 vote | Form 8-K | 2025-05-21 | 0001654954-25-005988 | Item 5.07 · say-on-pay result. As reported: 91.11% (votes for as printed: 1,383,180). Filing ↗ |
| 32 | Section 06, 2024 vote | Form 8-K | 2024-05-20 | 0001654954-24-006667 | Item 5.07 · say-on-pay result. As reported: 92.47% (votes for as printed: 1,290,783). Filing ↗ |
| 33 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 34 | Section 03b vehicle mix (computed) | 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 |
| 35 | Section 09b board cost (computed) | Computed | — | computed | Cash 227,973 + equity 187,460 + all other 0 = 415,433, summed across the director compensation table rows.machine: formula: Σ = 415,433 |
| 36 | F&M Bank Corp (subject), Section 10b CEO total | DEF 14A | 2026-04-13 | 0001654954-26-003452 | CEO total compensation as printed in F&M Bank Corp's own proxy. As printed: 754,389. Filing ↗machine: r3 · c21 · span 164748–164755 |