CEO Garry Kleer was paid $728,330 in fiscal year 2024, down 5.2% from fiscal year 2023 (SEC filing 0001140361-25-014130 ↗): 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.
$728,330 Garry Kleer total, FY2024 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | — Say-on-pay support, latest vote |
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Each company listed discloses RMBC 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 RMBC 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 |
|---|---|---|---|---|---|---|---|---|
| Garry Kleer | $490,385 | $145,350 | $0 | $0 | $0 | $0 | $92,595 | $728,330 |
| Chairman, President and CEO of the Company; Chairman and CEO of First Bank Richmond | ||||||||
| Paul Witte | 242,308 | 30,350 | 0 | 0 | 0 | 0 | 30,661 | 303,319 |
| President and Chief Operating Officer of First Bank Richmond | ||||||||
| Dean Weinert | 235,461 | 20,350 | 0 | 0 | 0 | 0 | 35,987 | 291,798 |
| President of Mutual Federal, a division of First Bank Richmond | ||||||||
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 | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Garry Kleer | $728,330 | $768,531 | — | −40,201 |
| Paul Witte | 303,319 | 283,854 | — | +19,465 |
| Dean Weinert | 291,798 | 293,252 | — | −1,454 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Paul Witte | Option | 13,526 | 10.53 | — |
| Dean Weinert | RSU | 5,410 | — | 76,552 |
| Garry Kleer | RSU | 17,314 | — | 244,993 |
| Paul Witte | RSU | 5,410 | — | 76,552 |
| Garry Kleer | Option | 43,285 | 10.53 | — |
| Dean Weinert | Option | 13,526 | 10.53 | — |
The purpose of our compensation programs is to attract and retain experienced, highly qualified executives critical to our long-term success and enhancement of stockholder value.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Harold T. Hanley IIIIndependent · Compensation · Audit | $46,450 | $0 | $0 | — | $2,954 | $49,404 |
| Kathryn GirtenIndependent · Compensation · Audit · Corporate Governance and Nominating | 45,450 | 0 | 0 | — | 2,954 | 48,404 |
| M. Lynn WetzelIndependent · Compensation (Chair) · Corporate Governance and Nominating | 44,400 | 0 | 0 | — | 2,954 | 47,354 |
| E. Michael BlumIndependent · Lead Independent Director · Corporate Governance and Nominating (Chair) | 43,700 | 0 | 0 | — | 2,954 | 46,654 |
| Jeffrey A. JacksonIndependent · Audit (Chair) · Corporate Governance and Nominating | 42,700 | 0 | 0 | — | 2,954 | 45,654 |
| Garry D. KleerEmployee director | — | — | — | — | — | 0 |
| Annual cash retainer | $12,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $0 |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $222,700 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $14,770 |
| Total cost of the board | $237,470 |
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 | Richmond Mutual Bancorporation, Inc. | 2024 | Garry Kleer | $490,385 | $0 | $0 | $0 | $728,330 |
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, Garry Kleer | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Executive Compensation”. As printed: 728,330. Filing ↗machine: r2 · c21 · span 228279–228286 |
| 2 | Section 01, Paul Witte | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Executive Compensation”. As printed: 303,319. Filing ↗machine: r6 · c21 · span 244286–244293 |
| 3 | Section 01, Dean Weinert | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Executive Compensation”. As printed: 291,798. Filing ↗machine: r4 · c21 · span 236250–236257 |
| 4 | Section 08, Harold T. Hanley III | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 49,404. Filing ↗machine: span 164206–164424 |
| 5 | Section 08, Kathryn Girten | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 48,404. Filing ↗machine: span 170217–170435 |
| 6 | Section 08, M. Lynn Wetzel | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 47,354. Filing ↗machine: span 173292–173509 |
| 7 | Section 08, E. Michael Blum | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 46,654. Filing ↗machine: span 161451–161630 |
| 8 | Section 08, Jeffrey A. Jackson | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 45,654. Filing ↗machine: span 167430–167648 |
| 9 | Section 08, Garry D. Kleer | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 10 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 11 | Section 09b board cost (computed) | Computed | — | — | Cash 222,700 + equity 0 + all other 14,770 = 237,470, summed across the director compensation table rows.machine: formula: Σ = 237,470 |
| 12 | Richmond Mutual Bancorporation, Inc. (subject), Section 10b CEO total | DEF 14A | 2025-04-16 | 0001140361-25-014130 | CEO total compensation as printed in Richmond Mutual Bancorporation, Inc.'s own proxy. As printed: 728,330. Filing ↗machine: r2 · c21 · span 228279–228286 |
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