Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-06

River Financial Corp (RVRF)

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.

$1,463,288
James M. (Jimmy) Stubbs total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against RVRF
1 company names RVRF as a compensation peer

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

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
James M. (Jimmy) Stubbs$441,346$0$625,000$0$344,250$0$52,692$1,463,288
Director and Chief Executive Officer
Gerald R. (Ray) Smith, Jr.317,7690312,5000208,845053,371892,485
Director and President
Jason B. Davis233,0310156,2500117,810028,323535,414
Executive 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
James M. (Jimmy) Stubbs$1,463,288
Gerald R. (Ray) Smith, Jr.892,485
Jason B. Davis535,414

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.

05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantnot disclosed
Clawback policy
Anti-hedging
Anti-pledging
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
Jerry C. (Jake) Kyser, JrIndependent$0$0$0$0$0$0
Larry PuckettNot independent · Board Chair000000
John A. FreemanIndependent000000
Brian McLeodIndependent000000
Charles R. Moore, IIIIndependent000000
W. Murray NeighborsIndependent000000
James M. (Jimmy) StubbsEmployee director00000
Gerald R. (Ray) Smith, JrEmployee director00000
Vernon B. TaylorIndependent000000
09

Board fee structure and ownership guideline

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

Total cost of the board

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

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
1River Financial Corp2025James M. (Jimmy) Stubbs$441,346$625,000$0$344,250$1,463,288

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 River Financial Corp in fiscal 2025?
James M. (Jimmy) Stubbs, serving as Director and Chief Executive Officer, was the highest-paid executive at River Financial Corp in fiscal 2025 with total compensation of $1,463,288.
How does River Financial Corp's chief executive pay compare to its disclosed peer group?
The company reported that the CEO pay percentile of disclosed peers was not disclosed in this extract.
What is River Financial Corp's CEO-to-median employee pay ratio?
The filing shows that the CEO-to-median employee pay ratio was not disclosed in this extract.
How did shareholders vote on River Financial Corp's executive compensation?
The company reported that shareholder support for the latest executive compensation vote was not disclosed in this extract.
How much does River Financial Corp spend in total on board compensation for fiscal 2025?
The filing shows that total board compensation for fiscal 2025 was $0.

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, James M. (Jimmy) StubbsDEF 14A2026-04-060001193125-26-143184Section “Executive Compensation”. As printed: 1,463,288. Filing ↗
2Section 01, Gerald R. (Ray) Smith, Jr.DEF 14A2026-04-060001193125-26-143184Section “Executive Compensation”. As printed: 892,485. Filing ↗
3Section 01, Jason B. DavisDEF 14A2026-04-060001193125-26-143184Section “Executive Compensation”. As printed: 535,414. Filing ↗
4Section 07, pay ratio10-K2026-03-100001193125-26-099933Section “CEO Pay Ratio”. As printed: —. Filing ↗
5Section 08, Jerry C. (Jake) Kyser, JrDEF 14A2026-04-060001193125-26-143184Section “Director Compensation”. As printed: 0. Filing ↗
6Section 08, Larry PuckettDEF 14A2026-04-060001193125-26-143184Section “Director Compensation”. As printed: 0. Filing ↗
7Section 08, John A. FreemanDEF 14A2026-04-060001193125-26-143184Section “Director Compensation”. As printed: 0. Filing ↗
8Section 08, Brian McLeodDEF 14A2026-04-060001193125-26-143184Section “Director Compensation”. As printed: 0. Filing ↗
9Section 08, Charles R. Moore, IIIDEF 14A2026-04-060001193125-26-143184Section “Director Compensation”. As printed: 0. Filing ↗
10Section 08, W. Murray NeighborsDEF 14A2026-04-060001193125-26-143184Section “Director Compensation”. As printed: 0. Filing ↗
11Section 08, James M. (Jimmy) StubbsDEF 14A2026-04-060001193125-26-143184Section “Director Compensation”. As printed: 0. Filing ↗
12Section 08, Gerald R. (Ray) Smith, JrDEF 14A2026-04-060001193125-26-143184Section “Director Compensation”. As printed: 0. Filing ↗
13Section 08, Vernon B. TaylorDEF 14A2026-04-060001193125-26-143184Section “Director Compensation”. As printed: 0. Filing ↗
14Section 09b board cost (computed)ComputedcomputedCash 0 + equity 0 + all other 0 = 0, summed across the director compensation table rows.machine: formula: Σ = 0
15River Financial Corp (subject), Section 10b CEO totalDEF 14A2026-04-060001193125-26-143184CEO total compensation as printed in River Financial Corp's own proxy. As printed: 1,463,288. Filing ↗