Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-14

FIRSTSUN CAPITAL BANCORP (FSUN)

CEO Neal Arnold was paid $3,341,470 in fiscal year 2025, ↓ down 59.8% from fiscal year 2024 (SEC filing 0001709442-26-000022 ↗): 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.

$3,341,470 ↓
Neal Arnold total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
—
Say-on-pay support, latest vote

Track this company's pay every filing: join the Pro seat waitlist

Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year

A confirmation now and one email when Pro opens, and nothing else. Privacy

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Neal Arnold (Chief Executive Officer and President of FirstSun and the Bank, and Chief Operating Officer of FirstSun), FY2025 total compensation $3,341,470 (base salary $800,000) [exec_comp, SEC accession 0001709442-26-000022, filed 2026-04-21]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

FSUN's next annual pay disclosure, estimated May 22, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Neal Arnold$800,000$812,800$1,707,070$0$0$0$21,600$3,341,470
Chief Executive Officer and President of FirstSun and the Bank, and Chief Operating Officer of FirstSun
Robert Cafera500,000508,000502,062095,227021,6001,626,889
Senior Executive Vice President and Chief Financial Officer of FirstSun and the Bank
Jennifer Norris450,000365,760361,481059,517021,6001,258,358
Executive Vice President and Chief Credit Officer of FirstSun and the Bank and Chief Operating Officer of the Bank
Mollie Carter500,0000000021,600521,600
Executive Chairman

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
Neal Arnold$3,341,470$8,320,810—↓ −4,979,340
Robert Cafera1,626,8893,676,971—↓ −2,050,082
Jennifer Norris1,258,358———
Mollie Carter521,600521,300—↑ +300

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

You have just read FIRSTSUN CAPITAL BANCORP's Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper FSUN reports.

We send the PDF right away, then up to three short notes. Reply “unsubscribe” to any of them, any time.

Get the FIRSTSUN CAPITAL BANCORP Peer Teardown Report

$3,341,470 Neal Arnold total, FY2025

$199

The free page is the headline. The teardown reads every company in the disclosed peer group on its own numbers.

Data as of August 14, 2026 · Source: 0001709442-26-000022 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

Reports for FSUN

Every report below is generated from the same filings as the free brief above, at the moment of purchase. What each one adds:

Executive Compensation ReportThe free page is the headline figures. The report is every award, peer and vote combined into one document you can hand to a committee.$1,500 →Reverse Peer AnalysisThe free page is the one line. The analysis reads every company that names this one in its own peer group.$299 →Peer Teardown ReportThe free page is the headline. The teardown reads every company in the disclosed peer group on its own numbers.$199 →
FSUNon Velarion Intel, free → The platform reading of this company, beside the same data as a subscription.

Order FSUN

Pick the report, add the email the receipt and the PDF go to, and pay by card on Stripe.

Receipt, invoice, and report delivery. Guest checkout, no account required, secure payment by Stripe.

How we handle your data → Privacy

Companies that benchmark against FSUN
4 companies name FSUN as a compensation peer

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

Get the FIRSTSUN CAPITAL BANCORP Executive Compensation Report

$1,500

Buy the report - $1,500Both reports - $2,400
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
Jennifer NorrisCOO$1,258,358
Robert CaferaCFO$1,626,889
Mollie CarterExecutive Chairman$521,600
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
Beverly O. ElvingIndependent Director$144,375
David W. LevyIndependent Director$145,500
Diane L. MerdianIndependent Director$145,000
Isabella CunninghamIndependent Director$144,375
John S. FleshoodIndependent Director$139,375
Kevin T. HammondIndependent Director—
Paul A. LarkinsFormer director (through FY2025)$57,500
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
Mollie H. CarterDirector2026-05-20D5,165$0$0CommonForm 4 ↗
C. Allen ParkerDirector2026-06-08A2,09900CommonForm 4 ↗
Peter E. MurphyDirector2026-06-08A2,09900CommonForm 4 ↗
Benjamin MackovakDirector2026-06-08A2,09900CommonForm 4 ↗
David W. LevyDirector2026-06-08A2,09900CommonForm 4 ↗
John S. FleshoodDirector2026-06-08A2,09900CommonForm 4 ↗
Beverly O. ElvingDirector2026-06-08A2,09900CommonForm 4 ↗
Sam EdelsonDirector2026-06-08A2,09900CommonForm 4 ↗
Spencer T. CohnDirector2026-06-08A2,09900Common, indirectForm 4 ↗
Beverly O. ElvingDirector2026-08-13D4,50541184,164CommonForm 4 ↗
Beverly O. ElvingDirector2026-08-13D7,55300Derivative, Class A CommonForm 4 ↗
Beverly O. ElvingDirector2026-08-13A7,55320148,945CommonForm 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
Neal ArnoldMSU2025-01-0111,81223,624—35,436—
Jennifer NorrisRSU2025-04-01——5,003—180,008
Robert CaferaMSU2025-01-013,4746,948—10,422—
Robert CaferaRSU2025-04-01——6,948—249,989
Jennifer NorrisMSU2025-01-012,5015,002—7,503—
Neal ArnoldRSU2025-04-01——23,624—849,992
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Neal Arnold$849,992$0$00.0%
Jennifer Norris180,008000.0%
Robert Cafera249,989000.0%

% 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
Neal ArnoldRSU36,950—$1,390,429
Neal ArnoldRSU43,662—1,643,000
Neal ArnoldRSU23,624—888,971
Robert CaferaRSU8,451—318,000
Robert CaferaRSU6,948—261,453
Robert CaferaRSU6,333—238,311
Jennifer NorrisRSU5,070—190,800
Jennifer NorrisRSU5,003—188,263
Jennifer NorrisRSU5,002—188,225
Jennifer NorrisRSU3,958—148,940
05

Incentive-plan design — the Compensation Discussion & Analysis

FirstSun uses a total compensation program consisting of base salary, annual bonus, and long-term incentive awards to attract and retain highly qualified executives and to align their interests with the company's financial success. As an emerging growth company, the company has elected scaled disclosure requirements. Compensation decisions are informed by benchmarking data and peer group analysis provided by the independent compensation consultant Meridian.

CEO STI target (% of salary)100%
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
20262026-06-05—————
20252025-10-27—————
20242024-03-28—————
20212021-12-21—————

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
20262026-06-05—a
20252025-10-27—b
20242024-03-28—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.

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
David W. LevyIndependent · Nominating/Governance · Compensation · Risk$85,500$60,000$0—$0$145,500
Diane L. MerdianIndependent85,00060,0000—0145,000
Beverly O. ElvingIndependent · Risk · Audit (Chair)84,37560,0000—0144,375
Isabella CunninghamIndependent84,37560,0000—0144,375
John S. FleshoodIndependent · Risk · Audit · Nominating/Governance · Newly elected79,37560,0000—0139,375
Paul A. LarkinsIndependent · Risk · Executive · Not standing for re-election · Departed during FY17,50040,00000057,500
Kevin T. HammondIndependent · Nominating/Governance000—00
Neal E. ArnoldEmployee director—————0
Mollie H. CarterEmployee director · Board Chair—————0
C. Allen ParkerIndependent · Audit · Compensation · Partial-year service · Newly elected——————
Spencer T. CohnIndependent · Compensation · Partial-year service · Newly elected——————
Benjamin MackovakIndependent · Nominating/Governance · Partial-year service · Newly elected——————
Sam EdelsonIndependent · Risk · Partial-year service · Newly elected——————
Henchy R. EndenIndependent · Audit · Partial-year service · Newly elected——————
Thomas C. ShaferNot independent · Risk · Partial-year service · Newly elected——————
Peter E. MurphyIndependent · Nominating/Governance · Compensation · Partial-year service · Newly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer$35,000
Annual equity retainer$40,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)22,500 / 15,000 / 10,000
Stock ownership guideline$175,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$436,125
Equity awards (grant-date value)$340,000
All other compensation$0
Total cost of the board$776,125

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
1FIRSTSUN CAPITAL BANCORP2025Neal Arnold$800,000$1,707,070$0$0$3,341,470

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 FIRSTSUN CAPITAL BANCORP in fiscal 2025?
As disclosed, Neal Arnold (Chief Executive Officer and President of FirstSun and the Bank, and Chief Operating Officer of FirstSun) was the highest-paid executive at FIRSTSUN CAPITAL BANCORP in fiscal 2025, with total compensation of $3,341,470.
How much does FIRSTSUN CAPITAL BANCORP spend in total on board compensation for fiscal 2025?
As disclosed, FIRSTSUN CAPITAL BANCORP reported total board compensation of $776,125 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, Neal ArnoldDEF 14A2026-04-210001709442-26-000022Section “Executive Compensation”. As printed: 3,341,470. Filing ↗machine: r6 · c48 · span 305883–305892
2Section 01, Robert CaferaDEF 14A2026-04-210001709442-26-000022Section “Executive Compensation”. As printed: 1,626,889. Filing ↗machine: r9 · c48 · span 312344–312353
3Section 01, Jennifer NorrisDEF 14A2026-04-210001709442-26-000022Section “Executive Compensation”. As printed: 1,258,358. Filing ↗machine: r12 · c48 · span 319011–319020
4Section 01, Mollie CarterDEF 14A2026-04-210001709442-26-000022Section “Executive Compensation”. As printed: 521,600. Filing ↗machine: span 299713–299720
5Section 03, Neal Arnold MSUDEF 14A2026-04-210001709442-26-000022Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t55 · r5 · c15 · span 420149–420155
6Section 03, Jennifer Norris RSUDEF 14A2026-04-210001709442-26-000022Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t55 · r13 · c15 · span 444997–445002
7Section 03, Robert Cafera MSUDEF 14A2026-04-210001709442-26-000022Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t55 · r9 · c15 · span 433429–433434
8Section 03, Robert Cafera RSUDEF 14A2026-04-210001709442-26-000022Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t55 · r9 · c15 · span 433429–433434
9Section 03, Jennifer Norris MSUDEF 14A2026-04-210001709442-26-000022Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t55 · r16 · c18 · span 455300–455305
10Section 03, Neal Arnold RSUDEF 14A2026-04-210001709442-26-000022Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t55 · r5 · c15 · span 420149–420155
11Section 07, pay ratio10-K2026-03-060001709442-26-000017Section “CEO Pay Ratio”. As printed: —. Filing ↗
12Section 08, David W. LevyDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: 145,500. Filing ↗machine: span 516769–517070
13Section 08, Diane L. MerdianDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: 145,000. Filing ↗machine: span 519039–519340
14Section 08, Beverly O. ElvingDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: 144,375. Filing ↗machine: span 509602–509903
15Section 08, Isabella CunninghamDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: 144,375. Filing ↗machine: span 507479–507606
16Section 08, John S. FleshoodDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: 139,375. Filing ↗machine: span 521489–521790
17Section 08, Paul A. LarkinsDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: 57,500. Filing ↗machine: t59 · r5 · c14 · span 514503–514803
18Section 08, Kevin T. HammondDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: 0. Filing ↗
19Section 08, Neal E. ArnoldDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: 0. Filing ↗
20Section 08, Mollie H. CarterDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, C. Allen ParkerDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: —. Filing ↗
22Section 08, Spencer T. CohnDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: —. Filing ↗
23Section 08, Benjamin MackovakDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: —. Filing ↗
24Section 08, Sam EdelsonDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: —. Filing ↗
25Section 08, Henchy R. EndenDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: —. Filing ↗
26Section 08, Thomas C. ShaferDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: —. Filing ↗
27Section 08, Peter E. MurphyDEF 14A2026-04-210001709442-26-000022Section “Director Compensation”. As printed: —. Filing ↗
28Section 02, Mollie H. Carter 2026-05-20Form 42026-08-100001225062-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, C. Allen Parker 2026-06-08Form 42026-06-100001702786-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Peter E. Murphy 2026-06-08Form 42026-06-100001205857-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Benjamin Mackovak 2026-06-08Form 42026-06-100001697577-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, David W. Levy 2026-06-08Form 42026-06-100002014218-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, John S. Fleshood 2026-06-08Form 42026-06-100001336439-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Beverly O. Elving 2026-06-08Form 42026-06-100001037589-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Sam Edelson 2026-06-08Form 42026-06-100002032222-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Spencer T. Cohn 2026-06-08Form 42026-06-100001954808-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Beverly O. Elving 2026-08-13Form 42026-08-140001037589-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Beverly O. Elving 2026-08-13Form 42026-08-140001037589-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Beverly O. Elving 2026-08-13Form 42026-08-140001037589-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
40Section 06, 2026 voteForm 8-K2026-06-050001709442-26-000033Item 5.07 · say-on-pay result. As reported: —. Filing ↗
41Section 06, 2025 voteForm 8-K2025-10-300001552781-25-000380Item 5.07 · say-on-pay result. As reported: —. Filing ↗
42Section 06, 2024 voteForm 8-K2024-04-010001709442-24-000017Item 5.07 · say-on-pay result. As reported: —. Filing ↗
43Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
44Section 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
45Section 09b board cost (computed)Computed——Cash 436,125 + equity 340,000 + all other 0 = 776,125, summed across the director compensation table rows.machine: formula: Σ = 776,125
46FIRSTSUN CAPITAL BANCORP (subject), Section 10b CEO totalDEF 14A2026-04-210001709442-26-000022CEO total compensation as printed in FIRSTSUN CAPITAL BANCORP's own proxy. As printed: 3,341,470. Filing ↗machine: r6 · c48 · span 305883–305892

The Pay Desk — the free weekly executive pay briefing, one company at a time, every number traceable to a public filing.

You'll confirm on The Pay Desk's sign-up page.

Get the FIRSTSUN CAPITAL BANCORP Executive Compensation Report

$1,500

Buy the report - $1,500Both reports - $2,400
FSUN Peer Teardown Report