Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-15

SB Financial Group, Inc. (SBFG)

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.

$1,040,425
Mark Klein total, FY2025
71st
CEO pay percentile vs peers
CEO-to-median pay ratio
95.01%
Say-on-pay support, latest vote
Companies that benchmark against SBFG
7 companies name SBFG as a compensation peer

Each company listed discloses SBFG 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 SBFG 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
Mark Klein$505,819$0$162,685$0$274,157$42,005$55,759$1,040,425
Chairman, President and Chief Executive Officer of the Company and State Bank
Anthony Cosentino269,185081,2980121,32932,57526,000530,387
Executive Vice President and Chief Financial Officer of the Company and State Bank
Ernesto Gaytan253,072081,2980112,71025,00016,396488,476
Executive Vice President and Chief Technology Innovation Officer of State Bank

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
Mark Klein$1,040,425$681,704+358,721
Anthony Cosentino530,387372,366+158,021
Ernesto Gaytan488,476358,100+130,376

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
Richard L. HardgroveDirector2026-06-15A650$23$14,950CommonForm 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
Mark KleinOTHER$162,685
Anthony CosentinoOTHER81,298
Ernesto GaytanOTHER81,298
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
Anthony CosentinoRSU230$5,122
Mark KleinRSU1,31929,374
Mark KleinRSU46010,244
Mark KleinRSU3,50778,101
Anthony CosentinoRSU1,00522,381
Mark KleinRSU2,00744,696
Ernesto GaytanRSU66014,698
Ernesto GaytanRSU2305,122
Anthony CosentinoRSU66014,698
Anthony CosentinoRSU1,75539,084
Ernesto GaytanRSU1,75539,084
Ernesto GaytanRSU1,00522,381
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee believes that the most effective executive compensation program is one that is designed to reward the achievement of specific, long-term and strategic goals set by the Company, and which aligns executives' interests with those of the shareholders by rewarding for performance above these established goals, with the ultimate objective of improving shareholder value. In general, for short- and long-term incentive plans, the Company targets the 50th percentile (median) of its peer group when performance expectations are met and targets the upper quartile (75th percentile) when performance expectations are exceeded.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantBlanchard Consulting Group (BCG)
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingFalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-223,244,706170,47943,80495.01%Passed
20252025-04-163,475,505157,198155,82695.67%Passed
20242024-04-173,853,296198,57741,06295.1%Passed
20232023-04-194,035,83056,47934,88598.62%Passed
20222022-04-203,823,57031,205155,80799.19%Passed
20212021-04-213,712,650302,97620,28992.46%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
20262026-04-2295.01%a
20252025-04-1695.67%b
20242024-04-1795.1%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.

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
Richard L. HardgroveIndependent · Lead Independent Director · Compensation · Governance and Nominating$60,495$20,736$0$0$81,231
Gaylyn J. FinnIndependent · Audit (Chair) · Loan Review · Audit Committee Member (Chair)49,88220,7360070,618
Timothy J. StollyIndependent · Governance and Nominating (Chair) · Risk Management · Governance and Nominating Committee Member (Chair)45,21020,7360065,946
Timothy L. ClaxtonIndependent · Governance and Nominating · Risk Management (Chair) · Loan Review · Risk Management Committee (Chair)44,34520,7360065,081
Tom R. HelbergIndependent · Audit · Loan Review (Chair) · Loan Review Committee Member (Chair)44,34520,7360065,081
George W. CarterIndependent · Audit · Compensation (Chair) · Governance and Nominating · Compensation Committee Member (Chair)43,29520,7360064,031
Rita A. KissnerIndependent41,54520,7360062,281
William G. MartinIndependent · Compensation · Governance and Nominating40,82020,7360061,556
Sue A. StrausbaughIndependent · Audit · Newly elected800911001,711
Mark A. KleinEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$39,045
Annual equity retainer$20,736
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)6,000 / 3,500 / 3,500
Stock ownership guideline10,000 shares within 5 years of appointment or election
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$370,737
Equity awards (grant-date value)$166,799
All other compensation$0
Total cost of the board$537,536

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies SB Financial Group, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including SB Financial Group, Inc..

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
1ACNB Corporation2025James Helt$593,569$319,193$0$0$1,825,912
2CF Bankshares Inc.2025Timothy O'Dell517,500387,4500456,5021,392,313
3Middlefield Banc Corp.2024Ronald Zimmerly475,000513,2920192,9131,263,438
4Citizens Financial Services, Inc.2025Randall Black675,00089,969001,212,643
5Citizens & Northern Corporation2025J. Bradley Scovill605,000118,3940248,8381,041,499
6SB Financial Group, Inc.2025Mark Klein505,819162,6850274,1571,040,425
7Norwood Financial Corp.2025James Donnelly605,000198,200001,009,784
8Farmers & Merchants Bancorp, Inc.2025Lars Eller519,841109,1480283,573969,335
9LCNB Corp.2025Eric Meilstrup500,00084,607068,750892,855
10Citizens Community Bancorp, Inc.2025Stephen Bianchi420,125147,0440181,804791,726
11Franklin Financial Services Corporation2025Craig Best523,19844,6100207,971788,859
12Waterstone Financial, Inc.2025William Bruss439,03565,8480214,596785,156
13First Savings Financial Group, Inc.2024Larry Myers458,59760,02344,1020777,964
14Isabella Bank Corporation2025Jerome Schwind522,34992,00000765,306
15Richmond Mutual Bancorporation, Inc.2024Garry Kleer490,385000728,330
16Ohio Valley Banc Corp.2025Larry Miller II392,169000702,007
17AmeriServ Financial, Inc.2025Jeffrey Stopko419,184000626,931
18CSB Bancorp, Inc.2025Eddie Steiner342,692000467,522
19First Keystone Corporation2025Jack Jones379,807000399,878
PSB Holdings, Inc.not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
SB Financial Group, Inc.not disclosedRSU 100not disclosedBlanchard Consulting Group (BCG)
ACNB Corporationnot disclosedRSU 100NoBlanchard Consulting Group
AmeriServ Financial, Inc.not disclosedOptions 100not disclosedPearl Meyer
CF Bankshares Inc.not disclosedRSU 100not disclosedBank Compensation Consulting (BCC)
Citizens & Northern Corporation141.4%RSU 50 · PSU 50NoPearl Meyer & Partners, LLC
Citizens Community Bancorp, Inc.43%Cash LTI 100NoMcLagan Aon
Citizens Financial Services, Inc.not disclosedCash LTI 70 · RSU 30NoBlanchard Consulting Group
CSB Bancorp, Inc.not disclosednot disclosednot disclosednot disclosed
Farmers & Merchants Bancorp, Inc.not disclosedStock Awards 100not disclosednot disclosed
First Keystone Corporationnot disclosednot disclosednot disclosedL.R. Webber Associates, Inc.
First Savings Financial Group, Inc.not disclosednot disclosednot disclosedChaseCompGroup
Franklin Financial Services Corporationnot disclosedRSU 100NoBlanchard Consulting Group
Isabella Bank Corporationnot disclosedRSU 100not disclosednot disclosed
LCNB Corp.14%RSU 100not disclosedBCG
Middlefield Banc Corp.not disclosednot disclosedYes — total shareholder return (TSR) percentile rankMeridian Compensation Partners, LLC
Norwood Financial Corp.25%RSU 100not disclosednot disclosed
Ohio Valley Banc Corp.not disclosedESOP 100not disclosednot disclosed
PSB Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Richmond Mutual Bancorporation, Inc.not disclosednot disclosednot disclosednot disclosed
Waterstone Financial, Inc.not disclosedPSU 100NoMeridian Compensation Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at SB Financial Group, Inc. in fiscal 2025?
Mark Klein served as the highest-paid executive at SB Financial Group, Inc. in fiscal 2025 with total compensation of $1,040,425.
How does SB Financial Group, Inc.'s chief executive pay compare to its disclosed peer group?
The company reported that the CEO's pay fell within the 71st percentile of the disclosed peer group.
What is SB Financial Group, Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was not disclosed in this extract.
How did shareholders vote on SB Financial Group, Inc.'s executive compensation?
Shareholders approved the executive compensation plan with 95.01% support in the latest vote.
How much does SB Financial Group, Inc. spend in total on board compensation for fiscal 2025?
The total board compensation for fiscal 2025 was $537,536.

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, Mark KleinDEF 14A2026-03-060001213900-26-024511Section “Summary Compensation Table for 2025”. As printed: 1,040,425. Filing ↗machine: t67 · span 302297–302306
2Section 01, Anthony CosentinoDEF 14A2026-03-060001213900-26-024511Section “Summary Compensation Table for 2025”. As printed: 530,387. Filing ↗machine: t67 · r7 · c31 · span 307791–307798
3Section 01, Ernesto GaytanDEF 14A2026-03-060001213900-26-024511Section “Summary Compensation Table for 2025”. As printed: 488,476. Filing ↗machine: t67 · r11 · c31 · span 313250–313257
4Section 03, Mark Klein OTHERDEF 14A2026-03-060001213900-26-024511Section “ELECTION OF DIRECTORS &” · grants of plan-based awards table. Filing ↗machine: t67 · r3 · c15 · span 301511–301518
5Section 03, Anthony Cosentino OTHERDEF 14A2026-03-060001213900-26-024511Section “ELECTION OF DIRECTORS &” · grants of plan-based awards table. Filing ↗machine: t67 · r7 · c15 · span 307226–307232
6Section 03, Ernesto Gaytan OTHERDEF 14A2026-03-060001213900-26-024511Section “ELECTION OF DIRECTORS &” · grants of plan-based awards table. Filing ↗machine: t67 · r11 · c15 · span 312685–312691
7Section 07, pay ratio10-K2026-03-060001213900-26-024471Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Richard L. HardgroveDEF 14A2026-03-060001213900-26-024511Section “Director Compensation”. As printed: 81,231. Filing ↗machine: t102 · r4 · c15 · span 529370–529376
9Section 08, Gaylyn J. FinnDEF 14A2026-03-060001213900-26-024511Section “Director Compensation”. As printed: 70,618. Filing ↗machine: t102 · r3 · c15 · span 528706–528712
10Section 08, Timothy J. StollyDEF 14A2026-03-060001213900-26-024511Section “Director Compensation”. As printed: 65,946. Filing ↗machine: t102 · r8 · c15 · span 532077–532083
11Section 08, Timothy L. ClaxtonDEF 14A2026-03-060001213900-26-024511Section “Director Compensation”. As printed: 65,081. Filing ↗machine: t102 · r2 · c15 · span 528014–528020
12Section 08, Tom R. HelbergDEF 14A2026-03-060001213900-26-024511Section “Director Compensation”. As printed: 65,081. Filing ↗machine: t102 · r5 · c15 · span 530062–530068
13Section 08, George W. CarterDEF 14A2026-03-060001213900-26-024511Section “Director Compensation”. As printed: 64,031. Filing ↗machine: t102 · r1 · c15 · span 527341–527347
14Section 08, Rita A. KissnerDEF 14A2026-03-060001213900-26-024511Section “Director Compensation”. As printed: 62,281. Filing ↗machine: t102 · r6 · c15 · span 530721–530727
15Section 08, William G. MartinDEF 14A2026-03-060001213900-26-024511Section “Director Compensation”. As printed: 61,556. Filing ↗machine: t102 · r7 · c15 · span 531416–531422
16Section 08, Sue A. StrausbaughDEF 14A2026-03-060001213900-26-024511Section “Director Compensation”. As printed: 1,711. Filing ↗machine: t102 · r9 · c15 · span 532767–532772
17Section 08, Mark A. KleinDEF 14A2026-03-060001213900-26-024511Section “Director Compensation”. As printed: 0. Filing ↗
18Section 02, Richard L. Hardgrove 2026-06-15Form 42026-06-150001282208-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
19Section 06, 2026 voteForm 8-K2026-04-220001213900-26-046586Item 5.07 · say-on-pay result. As reported: 95.01% (votes for as printed: 3,244,706). Filing ↗
20Section 06, 2025 voteForm 8-K2025-04-170001213900-25-032886Item 5.07 · say-on-pay result. As reported: 95.67% (votes for as printed: 3,475,505). Filing ↗
21Section 06, 2024 voteForm 8-K2024-04-190001213900-24-034320Item 5.07 · say-on-pay result. As reported: 95.1% (votes for as printed: 3,853,296). Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 09b board cost (computed)ComputedcomputedCash 370,737 + equity 166,799 + all other 0 = 537,536, summed across the director compensation table rows.machine: formula: Σ = 537,536
24ACNB Corporation, Section 10b CEO totalDEF 14A2026-03-300001104659-26-036515CEO total compensation as printed in ACNB Corporation's own proxy. As printed: 1,825,912. Filing ↗machine: span 502973–502982
25CF Bankshares Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-172294CEO total compensation as printed in CF Bankshares Inc.'s own proxy. As printed: 1,392,313. Filing ↗machine: t10 · r3 · c20 · span 325946–325955
26Middlefield Banc Corp., Section 10b CEO totalDEF 14A2025-04-040001174947-25-000521CEO total compensation as printed in Middlefield Banc Corp.'s own proxy. As printed: 1,263,438. Filing ↗machine: r1 · c7 · span 147774–147783
27Citizens Financial Services, Inc., Section 10b CEO totalDEF 14A2026-03-120001140361-26-009104CEO total compensation as printed in Citizens Financial Services, Inc.'s own proxy. As printed: 1,212,643. Filing ↗machine: span 524029–524038
28Citizens & Northern Corporation, Section 10b CEO totalDEF 14A2026-03-130001104659-26-027576CEO total compensation as printed in Citizens & Northern Corporation's own proxy. As printed: 1,041,499. Filing ↗machine: r8 · c26 · span 452428–452437
29SB Financial Group, Inc. (subject), Section 10b CEO totalDEF 14A2026-03-060001213900-26-024511CEO total compensation as printed in SB Financial Group, Inc.'s own proxy. As printed: 1,040,425. Filing ↗machine: t67 · span 302297–302306
30Norwood Financial Corp., Section 10b CEO totalDEF 14A2026-03-250001193125-26-122940CEO total compensation as printed in Norwood Financial Corp.'s own proxy. As printed: 1,009,784. Filing ↗machine: t30 · r2 · c31 · span 174499–174508
31Farmers & Merchants Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-240001140361-26-010915CEO total compensation as printed in Farmers & Merchants Bancorp, Inc.'s own proxy. As printed: 969,335. Filing ↗machine: r2 · c21 · span 457783–457790
32LCNB Corp., Section 10b CEO totalDEF 14A2026-03-120001437749-26-007964CEO total compensation as printed in LCNB Corp.'s own proxy. As printed: 892,855. Filing ↗machine: r1 · c27 · span 546385–546392
33Citizens Community Bancorp, Inc., Section 10b CEO totalDEF 14A2026-04-290001367859-26-000028CEO total compensation as printed in Citizens Community Bancorp, Inc.'s own proxy. As printed: 791,726. Filing ↗machine: span 416419–416426
34Franklin Financial Services Corporation, Section 10b CEO totalDEF 14A2026-03-240000723646-26-000020CEO total compensation as printed in Franklin Financial Services Corporation's own proxy. As printed: 788,859. Filing ↗machine: t25 · r8 · c12 · span 1148338–1148345
35Waterstone Financial, Inc., Section 10b CEO totalDEF 14A2026-04-090001437749-26-011833CEO total compensation as printed in Waterstone Financial, Inc.'s own proxy. As printed: 785,156. Filing ↗machine: t109 · r2 · c7 · span 444080–444087
36First Savings Financial Group, Inc., Section 10b CEO totalDEF 14A2025-01-080001104659-25-001979CEO total compensation as printed in First Savings Financial Group, Inc.'s own proxy. As printed: 777,964. Filing ↗machine: span 299826–299833
37Isabella Bank Corporation, Section 10b CEO totalDEF 14A2026-03-230000842517-26-000082CEO total compensation as printed in Isabella Bank Corporation's own proxy. As printed: 765,306. Filing ↗machine: r2 · c39 · span 174437–174444
38Richmond Mutual Bancorporation, Inc., Section 10b CEO totalDEF 14A2025-04-160001140361-25-014130CEO total compensation as printed in Richmond Mutual Bancorporation, Inc.'s own proxy. As printed: 728,330. Filing ↗machine: t62 · r2 · c21 · span 228279–228286
39Ohio Valley Banc Corp., Section 10b CEO totalDEF 14A2026-04-020001140361-26-013025CEO total compensation as printed in Ohio Valley Banc Corp.'s own proxy. As printed: 702,007. Filing ↗machine: t50 · r3 · c18 · span 229272–229279
40AmeriServ Financial, Inc., Section 10b CEO totalDEF 14A2026-06-080001140361-26-024337CEO total compensation as printed in AmeriServ Financial, Inc.'s own proxy. As printed: 626,931. Filing ↗machine: t71 · r2 · c27 · span 352026–352033
41CSB Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-160001193125-26-108585CEO total compensation as printed in CSB Bancorp, Inc.'s own proxy. As printed: 467,522. Filing ↗machine: t18 · r2 · c5 · span 329384–329392
42First Keystone Corporation, Section 10b CEO totalDEF 14A2026-04-080000737875-26-000015CEO total compensation as printed in First Keystone Corporation's own proxy. As printed: 399,878. Filing ↗machine: t39 · r6 · c17 · span 391020–391027
43Section 10a, Waterstone Financial, Inc. reciprocityDEF 14A0001437749-26-011833Waterstone Financial, Inc.'s most recent proxy was read; its disclosed peer group does not include SB Financial Group, Inc.. Filing ↗
44Section 10a, Middlefield Banc Corp. reciprocityDEF 14A0001174947-25-000521Middlefield Banc Corp. names SB Financial Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, CSB Bancorp, Inc. reciprocityDEF 14A0001193125-26-108585CSB Bancorp, Inc. names SB Financial Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, LCNB Corp. reciprocityDEF 14A0001437749-26-007964LCNB Corp. names SB Financial Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Citizens Financial Services, Inc. reciprocityDEF 14A0001140361-26-009104Citizens Financial Services, Inc.'s most recent proxy was read; its disclosed peer group does not include SB Financial Group, Inc.. Filing ↗