Fiscal year 2023 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.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Stephen Whatley | $185,625 | $0 | $77,631 | $77,631 | $0 | $0 | $1,874,118 | $2,215,004 |
| Former Chairman and Chief Executive Officer | ||||||||
| Mark Chambers | 470,000 | 45,000 | 51,875 | 51,875 | 286,465 | 0 | 39,210 | 944,425 |
| Chief Executive Officer and President | ||||||||
| Lynn Joyce | 363,000 | 25,000 | 41,143 | 41,143 | 176,999 | 0 | 43,656 | 690,941 |
| Senior Executive Vice President and Chief Financial Officer | ||||||||
| Greg Smith | 363,000 | 25,000 | 41,143 | 41,143 | 176,999 | 0 | 37,926 | 685,211 |
| Senior Executive Vice President and Chief Risk 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.
| Named executive officer | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| Stephen Whatley | $2,215,004 | $1,855,950 | $1,006,068 | +359,054 |
| Mark Chambers | 944,425 | 1,422,607 | 614,887 | −478,182 |
| Lynn Joyce | 690,941 | 1,206,177 | 552,230 | −515,236 |
| Greg Smith | 685,211 | 1,200,747 | — | −515,536 |
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 | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Greg Smith | RSA | 2023-02-01 | — | — | 1,361 | — | $41,143 |
| Lynn Joyce | RSA | 2023-02-01 | — | — | 1,716 | — | 41,143 |
| Mark Chambers | RSA | 2023-02-01 | — | — | 2,568 | — | 51,875 |
| Stephen Whatley | RSA | 2023-02-01 | — | — | 1,361 | — | 77,631 |
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.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Lynn Joyce | RSU | 9,934 | — | $290,868 |
| Lynn Joyce | Option | 2,120 | 30.23 | — |
| Smith | Option | 1,289 | 20.03 | — |
| Lynn Joyce | Option | 2,125 | 20.61 | — |
| Mark Chambers | RSU | 11,055 | — | 323,690 |
| Mark Chambers | Option | 1,395 | 20.03 | — |
| Mark Chambers | Option | 2,673 | 30.23 | — |
| Smith | Option | 2,120 | 30.23 | — |
| Smith | Option | 2,125 | 20.61 | — |
| Mark Chambers | Option | 2,305 | 20.61 | — |
| Lynn Joyce | Option | 1,289 | 20.03 | — |
| Smith | RSU | 9,934 | — | 290,868 |
Our Compensation Committee believes our executive compensation practices should attract, motivate, and retain key talent, while also tying pay to performance to promote stockholder value and core values. Each element of compensation is designed to achieve a specific purpose and to contribute to a total package that is competitive with similar packages provided by other institutions that compete for the services of individuals like our named executive officers.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Compensation Advisors (member of Newcleus) |
| Clawback policy | true |
| Anti-hedging | True |
| Anti-pledging | False |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| J. Henry Smith IVIndependent · Audit · Compensation · Nominating/Governance · Newly elected | $61,250 | $15,002 | — | — | — | $76,252 |
| Alfred J. Hayes JrIndependent · Audit · Compensation · Nominating/Governance · Newly elected | 52,650 | 15,002 | — | — | — | 67,652 |
| Jay Florey PumroyIndependent · Audit · Compensation · Nominating/Governance · Newly elected | 49,500 | 15,002 | — | — | — | 64,502 |
| Brian Stacy HolmesIndependent · Audit · Compensation · Nominating/Governance · Newly elected | 43,800 | 15,002 | — | — | — | 58,802 |
| Brent David HitsonIndependent · Audit · Compensation · Nominating/Governance · Newly elected | 42,400 | 15,002 | — | — | — | 57,402 |
| Lewis C. BeaversIndependent · Lead Independent Director · Audit (Chair) · Compensation · Nominating/Governance | 38,000 | 15,002 | — | — | — | 53,002 |
| Cynthia S. McCartyIndependent · Audit · Compensation · Nominating/Governance · Newly elected | 36,500 | 15,002 | — | — | — | 51,502 |
| Henry A. TurnerIndependent · Departed during FY · Newly elected | 32,600 | 15,002 | — | — | — | 47,602 |
| Daniel A. CummingsIndependent · Newly elected | 32,800 | — | — | — | — | 32,800 |
| Jonathan W. HintonIndependent · Newly elected | 28,800 | — | — | — | — | 28,800 |
| Christine HunsakerIndependent · Newly elected | 20,800 | — | — | — | — | 20,800 |
| Annual cash retainer | $1,200 |
|---|---|
| Annual equity retainer | $15,002 |
| Per board meeting fee | $1,200 |
| Committee chair fees (audit / comp / nom-gov) | 700 / 700 / 700 |
| Stock ownership guideline | — |
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $439,100 |
| Equity awards (grant-date value) | $120,016 |
| All other compensation | $0 |
| Total cost of the board | $559,116 |
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 | Southern States Bancshares | 2023 | Mark Chambers | $470,000 | $51,875 | $51,875 | $286,465 | $944,425 |
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.
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, Stephen Whatley | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Summary Compensation Table”. As printed: 2,215,004. Filing ↗machine: r8 · c48 · span 208848–208857 |
| 2 | Section 01, Mark Chambers | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Summary Compensation Table”. As printed: 944,425. Filing ↗machine: r2 · c48 · span 187520–187527 |
| 3 | Section 01, Lynn Joyce | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Summary Compensation Table”. As printed: 690,941. Filing ↗machine: r4 · c48 · span 194624–194631 |
| 4 | Section 01, Greg Smith | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Summary Compensation Table”. As printed: 685,211. Filing ↗machine: r6 · c48 · span 201732–201739 |
| 5 | Section 03, Greg Smith RSA | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t8 · r6 · c10 · span 200039–200045 |
| 6 | Section 03, Lynn Joyce RSA | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t8 · r4 · c10 · span 192931–192937 |
| 7 | Section 03, Mark Chambers RSA | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t8 · r2 · c10 · span 185619–185625 |
| 8 | Section 03, Stephen Whatley RSA | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t8 · r8 · c10 · span 207152–207158 |
| 9 | Section 08, J. Henry Smith IV | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 76,252. Filing ↗machine: t11 · r11 · c8 · span 370813–370819 |
| 10 | Section 08, Alfred J. Hayes Jr | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 67,652. Filing ↗machine: t11 · r4 · c8 · span 360173–360179 |
| 11 | Section 08, Jay Florey Pumroy | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 64,502. Filing ↗machine: t11 · r10 · c8 · span 369292–369298 |
| 12 | Section 08, Brian Stacy Holmes | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 58,802. Filing ↗machine: t11 · r7 · c8 · span 364733–364739 |
| 13 | Section 08, Brent David Hitson | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 57,402. Filing ↗machine: t11 · r6 · c8 · span 363212–363218 |
| 14 | Section 08, Lewis C. Beavers | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 53,002. Filing ↗machine: t11 · r2 · c8 · span 357106–357112 |
| 15 | Section 08, Cynthia S. McCarty | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 51,502. Filing ↗machine: t11 · r9 · c8 · span 367772–367778 |
| 16 | Section 08, Henry A. Turner | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 47,602. Filing ↗machine: t11 · r12 · c8 · span 372335–372341 |
| 17 | Section 08, Daniel A. Cummings | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 32,800. Filing ↗machine: t11 · r3 · c2 · span 357815–357821 |
| 18 | Section 08, Jonathan W. Hinton | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 28,800. Filing ↗machine: t11 · r5 · c2 · span 360856–360862 |
| 19 | Section 08, Christine Hunsaker | DEF 14A | 2024-03-22 | 0001628280-24-012666 | Section “Director Compensation”. As printed: 20,800. Filing ↗machine: t11 · r8 · c2 · span 365416–365422 |
| 20 | 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) |
| 21 | Section 09b board cost (computed) | Computed | — | computed | Cash 439,100 + equity 120,016 + all other 0 = 559,116, summed across the director compensation table rows.machine: formula: Σ = 559,116 |
| 22 | Southern States Bancshares (subject), Section 10b CEO total | DEF 14A | 2024-03-22 | 0001628280-24-012666 | CEO total compensation as printed in Southern States Bancshares's own proxy. As printed: 944,425. Filing ↗machine: r2 · c48 · span 187520–187527 |