Fiscal year 2024 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 RMBI 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 RMBI 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 Chief Executive Officer 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.
Every insider equity transaction reported on Form 4 after the 2024 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 |
|---|---|---|---|---|---|---|---|---|
| Bradley M. Glover | SVP & CFO | 2025-07-15 | A | 22,947 | $0 | $0 | Derivative, Class A Common | Form 4 ↗ |
| Paul Witte | President & COO | 2025-07-15 | A | 2,520 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Bradley M. Glover | SVP & CFO | 2025-07-15 | A | 24,179 | 0 | 0 | Common | Form 4 ↗ |
| Paul Witte | President & COO | 2025-07-15 | A | 7,947 | 0 | 0 | Common | Form 4 ↗ |
| William A. Daily Jr. | Market President (West Ohio) | 2025-07-15 | A | 25,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Garry D. Kleer | Director | 2025-11-20 | A | 51,253 | 0 | 0 | Common | Form 4 ↗ |
| William A. Daily Jr. | Market President (West Ohio) | 2026-01-28 | A | 284.57 | 14 | 4,001 | Common | Form 4 ↗ |
| William A. Daily Jr. | Market President (West Ohio) | 2026-02-19 | A | 212.79 | 14 | 3,000 | Common | Form 4 ↗ |
| William A. Daily Jr. | Market President (West Ohio) | 2026-02-19 | A | 347.22 | 14 | 5,000 | Common | Form 4 ↗ |
| E. Michael Blum | Director | 2026-06-01 | A | 1,500 | 14 | 21,533 | Common | Form 4 ↗ |
| E. Michael Blum | Director | 2026-06-02 | D | 3,500 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| E. Michael Blum | Director | 2026-06-02 | A | 3,500 | 11 | 36,855 | Common | Form 4 ↗ |
| Carroll Ann Valentino | Chief Operations Officer | 2026-07-01 | A | 6,256 | — | — | Common | Form 4 ↗ |
| James Dalton Moore | Director | 2026-07-01 | A | 6,800 | — | — | Common, indirect | Form 4 ↗ |
| James Dalton Moore | Director | 2026-07-01 | A | 4,039 | — | — | Common | Form 4 ↗ |
| James Dalton Moore | Director | 2026-07-01 | A | 3,400 | — | — | Common | Form 4 ↗ |
| Chad Kozuch | Chief Risk Officer | 2026-07-01 | A | 61,251 | — | — | Common | Form 4 ↗ |
| James Dalton Moore | Director | 2026-07-01 | A | 60,669 | — | — | Common | Form 4 ↗ |
| Daniel J. Lahrman | Director | 2026-07-01 | A | 54,801 | — | — | Common | Form 4 ↗ |
| Thomas D. Crawford | Director | 2026-07-01 | A | 23,776 | — | — | Common | Form 4 ↗ |
| Barbara A. Cutillo | Director | 2026-07-01 | A | 2,380 | — | — | Common | Form 4 ↗ |
| Christopher D. Cook | Director | 2026-07-01 | A | 26,186 | — | — | 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 | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Garry Kleer | Option | 43,285 | 10.53 | — |
| Dean Weinert | Option | 13,526 | 10.53 | — |
| Garry Kleer | RSU | 17,314 | — | 244,993 |
| Dean Weinert | RSU | 5,410 | — | 76,552 |
| Paul Witte | Option | 13,526 | 10.53 | — |
| Paul Witte | RSU | 5,410 | — | 76,552 |
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 |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-27 | 6,161,703 | 390,846 | 164,698 | 94.04% | Passed |
| 2025 | 2025-05-21 | 4,493,278 | 604,845 | 116,559 | 88.14% | 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 | 2026-05-27 | 94.04%a |
| 2025 | 2025-05-21 | 88.14%b |
a. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have no effect on determining whether the affirmative vote constitutes a majority of the votes cast at the annual meeting (or in the case of the Say-on-Pay Frequency Proposal, votes for "One Year," "Two Years," and "Three Years").”.
b. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have no effect on determining whether the affirmative vote constitutes a majority of the votes cast at the annual meeting (or in the case of the Say-on-Pay Frequency Proposal, votes for "One Year," "Two Years," and "Three Years").”.
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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Harold T. Hanley, IIIIndependent · Audit · Compensation · Corporate Governance and Nominating | $46,450 | $0 | $0 | $0 | $2,954 | $49,404 |
| Kathryn GirtenIndependent · Audit · Compensation · Corporate Governance and Nominating | 45,450 | 0 | 0 | 0 | 2,954 | 48,404 |
| M. Lynn WetzelIndependent · Compensation (Chair) · Corporate Governance and Nominating | 44,400 | 0 | 0 | 0 | 2,954 | 47,354 |
| E. Michael BlumIndependent · Lead Independent Director · Corporate Governance and Nominating (Chair) | 43,700 | 0 | 0 | 0 | 2,954 | 46,654 |
| Jeffrey A. JacksonIndependent · Audit (Chair) · Corporate Governance and Nominating | 42,700 | 0 | 0 | 0 | 2,954 | 45,654 |
| Garry D. KleerEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $12,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $1,000 |
| 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: t62 · 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: t62 · 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: t62 · 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: t53 · r3 · c15 · span 164404–164410 |
| 5 | Section 08, Kathryn Girten | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 48,404. Filing ↗machine: t53 · r5 · c15 · span 170415–170421 |
| 6 | Section 08, M. Lynn Wetzel | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 47,354. Filing ↗machine: t53 · r6 · c15 · span 173490–173496 |
| 7 | Section 08, E. Michael Blum | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 46,654. Filing ↗machine: t53 · r2 · c15 · span 161617–161624 |
| 8 | Section 08, Jeffrey A. Jackson | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 45,654. Filing ↗machine: t53 · r4 · c15 · span 167628–167634 |
| 9 | Section 08, Garry D. Kleer | DEF 14A | 2025-04-16 | 0001140361-25-014130 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 10 | Section 02, Bradley M. Glover 2025-07-15 | Form 4 | 2025-07-17 | 0001628280-25-035227 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 11 | Section 02, Paul Witte 2025-07-15 | Form 4 | 2025-07-17 | 0001628280-25-035230 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 12 | Section 02, Bradley M. Glover 2025-07-15 | Form 4 | 2025-07-17 | 0001628280-25-035227 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 13 | Section 02, Paul Witte 2025-07-15 | Form 4 | 2025-07-17 | 0001628280-25-035230 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 14 | Section 02, William A. Daily Jr. 2025-07-15 | Form 4 | 2025-07-17 | 0001628280-25-035232 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 15 | Section 02, Garry D. Kleer 2025-11-20 | Form 4 | 2025-11-21 | 0001774479-25-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 16 | Section 02, William A. Daily Jr. 2026-01-28 | Form 4 | 2026-01-30 | 0001628280-26-004364 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 17 | Section 02, William A. Daily Jr. 2026-02-19 | Form 4 | 2026-02-20 | 0001628280-26-010056 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, William A. Daily Jr. 2026-02-19 | Form 4 | 2026-02-19 | 0001628280-26-009683 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, E. Michael Blum 2026-06-01 | Form 4 | 2026-06-01 | 0001628280-26-039534 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, E. Michael Blum 2026-06-02 | Form 4 | 2026-06-04 | 0001628280-26-040697 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, E. Michael Blum 2026-06-02 | Form 4 | 2026-06-04 | 0001628280-26-040697 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Carroll Ann Valentino 2026-07-01 | Form 4 | 2026-07-06 | 0001628280-26-047146 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, James Dalton Moore 2026-07-01 | Form 4 | 2026-07-08 | 0001628280-26-047605 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, James Dalton Moore 2026-07-01 | Form 4 | 2026-07-08 | 0001628280-26-047605 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, James Dalton Moore 2026-07-01 | Form 4 | 2026-07-08 | 0001628280-26-047605 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, Chad Kozuch 2026-07-01 | Form 4 | 2026-07-06 | 0001628280-26-047152 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, James Dalton Moore 2026-07-01 | Form 4 | 2026-07-08 | 0001628280-26-047605 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 02, Daniel J. Lahrman 2026-07-01 | Form 4 | 2026-07-06 | 0001628280-26-047154 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, Thomas D. Crawford 2026-07-01 | Form 4 | 2026-07-06 | 0001628280-26-047157 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 02, Barbara A. Cutillo 2026-07-01 | Form 4 | 2026-07-06 | 0001628280-26-047303 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, Christopher D. Cook 2026-07-01 | Form 4 | 2026-07-07 | 0001628280-26-047500 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 06, 2026 vote | Form 8-K | 2026-05-27 | 0001628280-26-038518 | Item 5.07 · say-on-pay result. As reported: 94.04% (votes for as printed: 6,161,703). Filing ↗ |
| 33 | Section 06, 2025 vote | Form 8-K | 2025-05-21 | 0001628280-25-027111 | Item 5.07 · say-on-pay result. As reported: 88.14% (votes for as printed: 4,493,278). Filing ↗ |
| 34 | 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) |
| 35 | Section 09b board cost (computed) | 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 |
| 36 | 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: t62 · r2 · c21 · span 228279–228286 |