Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-08

Hawthorn Bancshares (HWBK)

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.

$938,831
Brent Giles total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
97.42%
Say-on-pay support, latest vote
Companies that benchmark against HWBK
No companies currently name HWBK 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
Brent Giles$463,500$0$231,733$0$202,781$0$40,817$938,831
Chief Executive Officer
Gregg Bexten360,50000077,508050,015488,023
President
Martin Weishaar283,250033,740070,813040,017427,820
EVP, Chief Administrative Officer & General Counsel

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
Brent Giles$938,831
Gregg Bexten488,023
Martin Weishaar427,820

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

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Brent GilesRSU19,701$687,171
Martin WeishaarRSU2,66793,025
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation program seeks to ensure that total compensation is fair, reasonable, and competitive, aligning pay with shareholder value and driving positive operational results through performance-based awards.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantMcLagan Partners, Inc.
Clawback policytrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-023,378,00489,611112,98797.42%Passed
20252025-06-032,903,32786,075126,94897.12%Passed
20242024-06-042,985,915116,444131,83896.25%Passed
20232023-06-062,802,490135,63293,64095.38%Passed
20222022-06-073,016,363294,928147,23591.09%Passed
20212021-06-083,439,88649,207121,31998.59%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
20262026-06-0297.42%a
20252025-06-0397.12%b
20242024-06-0496.25%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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Philip D. FreemanIndependent · Lead Independent Director · Audit · Compensation · Nominating/Governance (Chair)$42,500$0$0$0$42,500
Kevin L. RileyIndependent · Audit · Compensation · Nominating/Governance42,50000042,500
Frank E. BurkheadIndependent · Audit (Chair) · Compensation · Nominating/Governance41,60000041,600
Gus S. Wetzel IIIIndependent · Audit · Compensation (Chair) · Nominating/Governance41,20000041,200
Jonathan D. HoltawayIndependent · Audit40,05000040,050
Douglas T. EdenIndependent · Compensation · Nominating/Governance38,10000038,100
David T. TurnerNot independent · Board Chair36,70000036,700
Jonathan L. StatesIndependent · Compensation35,75000035,750
Shawna M. HettingerIndependent · Nominating/Governance35,10000035,100
09

Board fee structure and ownership guideline

Annual cash retainer$24,000
Annual equity retainer
Per board meeting fee$900
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$353,500
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$353,500

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
1Hawthorn Bancshares2025Brent Giles$463,500$231,733$0$202,781$938,831

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.

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, Brent GilesDEF 14A2026-04-170000893847-26-000041Section “Summary Compensation Table” · page 24. As printed: 938,831. Filing ↗machine: r2 · c27 · span 320343–320350
2Section 01, Gregg BextenDEF 14A2026-04-170000893847-26-000041Section “Summary Compensation Table” · page 24. As printed: 488,023. Filing ↗machine: r6 · c27 · span 329893–329900
3Section 01, Martin WeishaarDEF 14A2026-04-170000893847-26-000041Section “Summary Compensation Table” · page 24. As printed: 427,820. Filing ↗machine: r10 · c27 · span 339398–339405
4Section 08, Philip D. FreemanDEF 14A2026-04-170000893847-26-000041Section “Director Compensation”. As printed: 42,500. Filing ↗machine: span 226751–226757
5Section 08, Kevin L. RileyDEF 14A2026-04-170000893847-26-000041Section “Director Compensation”. As printed: 42,500. Filing ↗machine: span 229630–229636
6Section 08, Frank E. BurkheadDEF 14A2026-04-170000893847-26-000041Section “Director Compensation”. As printed: 41,600. Filing ↗machine: span 225295–225301
7Section 08, Gus S. Wetzel IIIDEF 14A2026-04-170000893847-26-000041Section “Director Compensation”. As printed: 41,200. Filing ↗machine: span 232518–232524
8Section 08, Jonathan D. HoltawayDEF 14A2026-04-170000893847-26-000041Section “Director Compensation”. As printed: 40,050. Filing ↗machine: span 228674–228680
9Section 08, Douglas T. EdenDEF 14A2026-04-170000893847-26-000041Section “Director Compensation”. As printed: 38,100. Filing ↗machine: span 225792–225798
10Section 08, David T. TurnerDEF 14A2026-04-170000893847-26-000041Section “Director Compensation”. As printed: 36,700. Filing ↗machine: span 231558–231564
11Section 08, Jonathan L. StatesDEF 14A2026-04-170000893847-26-000041Section “Director Compensation”. As printed: 35,750. Filing ↗machine: span 230590–230596
12Section 08, Shawna M. HettingerDEF 14A2026-04-170000893847-26-000041Section “Director Compensation”. As printed: 35,100. Filing ↗machine: span 227712–227718
13Section 06, 2026 voteForm 8-K2026-06-080000893847-26-000076Item 5.07 · say-on-pay result. As reported: 97.42% (votes for as printed: 3,378,004). Filing ↗
14Section 06, 2025 voteForm 8-K2025-06-050000893847-25-000018Item 5.07 · say-on-pay result. As reported: 97.12% (votes for as printed: 2,903,327). Filing ↗
15Section 06, 2024 voteForm 8-K2024-06-070000893847-24-000013Item 5.07 · say-on-pay result. As reported: 96.25% (votes for as printed: 2,985,915). Filing ↗
16Section 09b board cost (computed)ComputedcomputedCash 353,500 + equity 0 + all other 0 = 353,500, summed across the director compensation table rows.machine: formula: Σ = 353,500
17Hawthorn Bancshares (subject), Section 10b CEO totalDEF 14A2026-04-170000893847-26-000041CEO total compensation as printed in Hawthorn Bancshares's own proxy. As printed: 938,831. Filing ↗machine: r2 · c27 · span 320343–320350