Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-09

GBank Financial Holdings Inc. (GBFH)

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.

$4,236,600
Nancy DeCou total, FY2025
Executive Vice President and Chief SBA Officerhighest-paid officer; CEO Edward Nigro: $1,289,337
CEO (Edward Nigro) pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against GBFH
No companies currently name GBFH as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Nancy DeCou$248,099$0$726,600$0$0$0$3,261,901$4,236,600
Executive Vice President and Chief SBA Officer
Edward Nigro250,000281,250730,20000027,8871,289,337
Executive Chairman and Chief Executive Officer
T. Ryan Sullivan300,000131,2500000631,3361,062,586
Former President and Chief Executive Officer
Jeffery Whicker305,451141,500133,77100018,703599,425
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
Nancy DeCou$4,236,600$4,365,629−129,029
Edward Nigro1,289,337829,393+459,944
T. Ryan Sullivan1,062,5861,003,076+59,510
Jeffery Whicker599,425

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
Charles W. Griege, JrDirector2026-06-05A24,000$29$696,000Common, indirectForm 4 ↗
Charles W. Griege, JrDirector2026-06-05A4,00029116,000CommonForm 4 ↗
Kathryn S. LeverDirector2026-07-07A262307,891CommonForm 4 ↗
Charles W. Griege, JrDirector2026-07-07A336279,126CommonForm 4 ↗
William J. HornbuckleDirector2026-07-07A262307,891CommonForm 4 ↗
Charles W. Griege, JrDirector2026-07-07A270308,132CommonForm 4 ↗
Todd Anthony NigroDirector2026-07-07A154304,638CommonForm 4 ↗
James K. SimsDirector2026-07-07A212306,385CommonForm 4 ↗
James K. SimsDirector2026-07-07A327278,881CommonForm 4 ↗
William J. HornbuckleDirector2026-07-07A309278,392CommonForm 4 ↗
Timothy P. HerbstDirector2026-07-07A3822710,375CommonForm 4 ↗
Timothy P. HerbstDirector2026-07-07A279308,403CommonForm 4 ↗
Todd Anthony NigroDirector2026-07-07A318278,637CommonForm 4 ↗
Kathryn S. LeverDirector2026-07-07A309278,392CommonForm 4 ↗
Jeffrey K. NewgardPresident/CEO (GBank)2026-07-09A20,00000CommonForm 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
Nancy DeCouPRSU$726,600
Edward NigroPRSU730,200
Jeffery WhickerPRSU133,771
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% 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
Nancy DeCouPSU24,123$817,528
NigroPSU56,2731,907,092
Jeffery WhickerPSU7,173243,093
Jeffery WhickerOption40,00010.8
05

Incentive-plan design — the Compensation Discussion & Analysis

We believe that the current mix and value of the following compensation elements provide our Named Executive Officers with total annual compensation that is both reasonable and competitive within our markets and with our peers, appropriately reflects our performance and the executive's particular contributions to that performance, and takes into account applicable regulatory guidelines and requirements.

CEO STI target (% of salary)50%
CEO LTI target (% of salary)
Independent consultantCascade Employers Association; Hunt Financial Group
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
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
Michael C. VoinovichIndependent · Compensation (Chair) · Nominating and Corporate Governance$0$80,360$0$0$0$80,360
Todd A. NigroNot independent070,72400070,724
James K. SimsIndependent · Compensation · Nominating and Corporate Governance067,38800067,388
A. Lee FinleyIndependent · Audit066,09800066,098
Kathryn S. LeverIndependent · Audit (Chair)065,44200065,442
William J. HornbuckleIndependent · Nominating and Corporate Governance (Chair)064,57400064,574
Charles W. Griege, JrIndependent · Audit · Compensation · Nominating and Corporate Governance063,40000063,400
Timothy P. HerbstIndependent · Audit · Compensation · Newly elected039,96300039,963
Alan C. SklarIndependent · Gaming FinTech · Departed during FY029,89400029,894
Edward M. NigroEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)1,250 / 1,250 / 1,250
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$0
Equity awards (grant-date value)$547,843
All other compensation$0
Total cost of the board$547,843

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
1GBank Financial Holdings Inc.2025Edward Nigro$250,000$730,200$0$0$1,289,337

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 GBank Financial Holdings Inc. in fiscal 2025?
The highest-paid executive at GBank Financial Holdings Inc. in fiscal 2025 was Nancy DeCou, who served as Executive Vice President and Chief SBA Officer with total compensation of $4,236,600.
How does GBank Financial Holdings Inc.'s chief executive pay compare to its disclosed peer group?
The filing does not disclose the CEO pay percentile of disclosed peers for Edward Nigro.
What is GBank Financial Holdings 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 GBank Financial Holdings Inc.'s executive compensation?
Shareholder support for the latest executive compensation vote is not disclosed in this extract.
How much does GBank Financial Holdings Inc. spend in total on board compensation for fiscal 2025?
GBank Financial Holdings Inc. spent $547,843 in total board compensation 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, Nancy DeCouDEF 14A2026-03-310001140361-26-012390Section “Summary Compensation Table”. As printed: 4,236,600. Filing ↗machine: t68 · r6 · c27 · span 351262–351271
2Section 01, Edward NigroDEF 14A2026-03-310001140361-26-012390Section “Summary Compensation Table”. As printed: 1,289,337. Filing ↗machine: t68 · r2 · c27 · span 331415–331424
3Section 01, T. Ryan SullivanDEF 14A2026-03-310001140361-26-012390Section “Summary Compensation Table”. As printed: 1,062,586. Filing ↗machine: t68 · r8 · c27 · span 361541–361550
4Section 01, Jeffery WhickerDEF 14A2026-03-310001140361-26-012390Section “Summary Compensation Table”. As printed: 599,425. Filing ↗machine: r4 · c27 · span 341375–341382
5Section 03, Nancy DeCou PRSUDEF 14A2026-03-310001140361-26-012390Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION AND OTHER MATTERS” · grants of plan-based awards table. Filing ↗machine: t68 · r6 · c12 · span 348440–348447
6Section 03, Edward Nigro PRSUDEF 14A2026-03-310001140361-26-012390Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION AND OTHER MATTERS” · grants of plan-based awards table. Filing ↗machine: t68 · r2 · c12 · span 328537–328544
7Section 03, Jeffery Whicker PRSUDEF 14A2026-03-310001140361-26-012390Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION AND OTHER MATTERS” · grants of plan-based awards table. Filing ↗machine: t68 · r4 · c12 · span 338902–338909
8Section 07, pay ratio10-K2026-03-300001193125-26-129567Section “CEO Pay Ratio”. As printed: —. Filing ↗
9Section 08, Michael C. VoinovichDEF 14A2026-03-310001140361-26-012390Section “Director Compensation”. As printed: 80,360. Filing ↗machine: t88 · r10 · c6 · span 541922–541928
10Section 08, Todd A. NigroDEF 14A2026-03-310001140361-26-012390Section “Director Compensation”. As printed: 70,724. Filing ↗machine: t88 · r7 · c6 · span 530286–530292
11Section 08, James K. SimsDEF 14A2026-03-310001140361-26-012390Section “Director Compensation”. As printed: 67,388. Filing ↗machine: t88 · r8 · c6 · span 534109–534115
12Section 08, A. Lee FinleyDEF 14A2026-03-310001140361-26-012390Section “Director Compensation”. As printed: 66,098. Filing ↗machine: t88 · r2 · c6 · span 510485–510491
13Section 08, Kathryn S. LeverDEF 14A2026-03-310001140361-26-012390Section “Director Compensation”. As printed: 65,442. Filing ↗machine: t88 · r6 · c6 · span 526247–526253
14Section 08, William J. HornbuckleDEF 14A2026-03-310001140361-26-012390Section “Director Compensation”. As printed: 64,574. Filing ↗machine: t88 · r5 · c6 · span 522421–522427
15Section 08, Charles W. Griege, JrDEF 14A2026-03-310001140361-26-012390Section “Director Compensation”. As printed: 63,400. Filing ↗machine: t88 · r3 · c6 · span 514533–514539
16Section 08, Timothy P. HerbstDEF 14A2026-03-310001140361-26-012390Section “Director Compensation”. As printed: 39,963. Filing ↗machine: t88 · r4 · c6 · span 518374–518380
17Section 08, Alan C. SklarDEF 14A2026-03-310001140361-26-012390Section “Director Compensation”. As printed: 29,894. Filing ↗machine: t88 · r9 · c6 · span 538163–538169
18Section 08, Edward M. NigroDEF 14A2026-03-310001140361-26-012390Section “Director Compensation”. As printed: 0. Filing ↗machine: t88 · r7 · c18 · span 532024–532026
19Section 02, Charles W. Griege, Jr 2026-06-05Form 42026-06-090001193125-26-263571Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Charles W. Griege, Jr 2026-06-05Form 42026-06-090001193125-26-263571Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Kathryn S. Lever 2026-07-07Form 42026-07-090001338566-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Charles W. Griege, Jr 2026-07-07Form 42026-07-090002058266-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, William J. Hornbuckle 2026-07-07Form 42026-07-090001791145-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Charles W. Griege, Jr 2026-07-07Form 42026-07-090002058266-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Todd Anthony Nigro 2026-07-07Form 42026-07-090002058658-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, James K. Sims 2026-07-07Form 42026-07-090001208317-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, James K. Sims 2026-07-07Form 42026-07-090001208317-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, William J. Hornbuckle 2026-07-07Form 42026-07-090001791145-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Timothy P. Herbst 2026-07-07Form 42026-07-090002099755-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Timothy P. Herbst 2026-07-07Form 42026-07-090002099755-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Todd Anthony Nigro 2026-07-07Form 42026-07-090002058658-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Kathryn S. Lever 2026-07-07Form 42026-07-090001338566-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Jeffrey K. Newgard 2026-07-09Form 42026-07-090001598684-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
34Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
35Section 09b board cost (computed)ComputedcomputedCash 0 + equity 547,843 + all other 0 = 547,843, summed across the director compensation table rows.machine: formula: Σ = 547,843
36GBank Financial Holdings Inc. (subject), Section 10b CEO totalDEF 14A2026-03-310001140361-26-012390CEO total compensation as printed in GBank Financial Holdings Inc.'s own proxy. As printed: 1,289,337. Filing ↗machine: t68 · r2 · c27 · span 331415–331424