CEO David Nelson was paid $1,456,493 in fiscal year 2025, ↑ up 16.8% from fiscal year 2024, the 45th percentile of its disclosed peer group (SEC filing 0001166928-26-000016 ↗): 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.
$1,456,493 ↑ David Nelson total, FY2025 | 45th CEO pay percentile vs peers | 18:1 CEO-to-median pay ratio | 96.19% Say-on-pay support, latest vote |
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WTBA's next annual pay disclosure, estimated March 2, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| David Nelson | $608,000 | $12,160 | $303,493 | $0 | $477,245 | $20,595 | $35,000 | $1,456,493 |
| President and Chief Executive Officer of the Company and Chief Executive Officer of West Bank | ||||||||
| Harlee Olafson | 387,000 | 7,740 | 267,788 | 0 | 226,373 | 0 | 35,000 | 923,901 |
| Executive Vice President and Chief Risk Officer of the Company and Executive Vice President, Chief Risk Officer and Chief Operating Officer of West Bank | ||||||||
| Brad Winterbottom | 387,000 | 7,740 | 267,788 | 0 | 226,373 | 0 | 35,000 | 923,901 |
| Executive Vice President of the Company and President of West Bank | ||||||||
| Bradley Peters | 335,000 | 6,700 | 267,788 | 0 | 195,956 | 5,109 | 33,500 | 844,053 |
| Executive Vice President of the Company and Executive Vice President and Minnesota Market President of West Bank | ||||||||
| Jane Funk | 335,000 | 6,700 | 267,788 | 0 | 195,956 | 3,213 | 33,500 | 842,157 |
| Executive Vice President, Treasurer and Chief Financial Officer of the Company and Executive Vice President and Chief Financial Officer of West 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| David Nelson | $1,456,493 | $1,246,543 | $1,303,388 | ↑ +209,950 |
| Harlee Olafson | 923,901 | 770,288 | 824,572 | ↑ +153,613 |
| Brad Winterbottom | 923,901 | 770,288 | 824,572 | ↑ +153,613 |
| Bradley Peters | 844,053 | 704,374 | 757,636 | ↑ +139,679 |
| Jane Funk | 842,157 | 701,552 | 754,256 | ↑ +140,605 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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$1,456,493 David Nelson total, FY2025
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Data as of September 21, 2026 · Source: 0001166928-26-000016 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).
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Each company listed discloses WTBA 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 WTBA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.
| Executive | Role | FY2025 total |
|---|---|---|
| Bradley Peters | EVP | $844,053 |
| David Nelson | CEO | $1,456,493 |
| Harlee Olafson | COO | $923,901 |
| Jane Funk | CFO | $842,157 |
| Brad Winterbottom | EVP | $923,901 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Douglas R. Gulling | Director | $68,173 |
| George D. Milligan | Independent Director | $93,173 |
| James W. Noyce | Independent Director | $74,425 |
| John K. Sorensen | Independent Director | $58,380 |
| Lisa J. Elming | Independent Director | $74,173 |
| Philip Jason Worth | Former director (through FY2025) | $15,337 |
| Rosemary Parson | Independent Director | $69,425 |
| Sean P. McMurray | Chair of the Board | $82,611 |
| Steven K. Gaer | Independent Director | $75,111 |
| Steven T. Schuler | Former director (through FY2025) | $16,254 |
| Therese M. Vaughan | Independent Director | $79,177 |
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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Bradley Peters | Executive Vice President | 2026-03-25 | D | 6,111 | $24 | $144,892 | Common | Form 4 ↗ |
| Jane Funk | CFO | 2026-03-25 | D | 6,033 | 24 | 143,042 | Common | Form 4 ↗ |
| Harlee Olafson | CHIEF RISK OFFICER | 2026-03-25 | D | 6,334 | 24 | 150,179 | Common | Form 4 ↗ |
| David D. Nelson | Director | 2026-03-25 | D | 6,811 | 24 | 161,489 | Common | Form 4 ↗ |
| Brad Winterbottom | EXECUTIVE VICE PRESIDENT | 2026-03-25 | D | 6,162 | 24 | 146,101 | Common | Form 4 ↗ |
| Douglas R. Gulling | Director | 2026-04-23 | A | 1,430 | 0 | 0 | Common | Form 4 ↗ |
| Lisa J. Elming | Director | 2026-04-23 | A | 1,430 | 0 | 0 | Common | Form 4 ↗ |
| Steven K. Gaer | Director | 2026-04-23 | A | 1,430 | 0 | 0 | Common | Form 4 ↗ |
| Sean P. McMurray | Director | 2026-04-23 | A | 1,430 | 0 | 0 | Common | Form 4 ↗ |
| Rosemary Parson | Director | 2026-04-23 | A | 1,430 | 0 | 0 | Common | Form 4 ↗ |
| John K. Sorensen | Director | 2026-04-23 | A | 1,430 | 0 | 0 | Common | Form 4 ↗ |
| Therese M. Vaughan | Director | 2026-04-23 | A | 1,430 | 0 | 0 | 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 | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Brad Winterbottom | RSU | 2025-02-17 | — | — | 7,500 | — | $134,025 |
| Harlee Olafson | RSU | 2025-02-17 | — | — | 7,500 | — | 134,025 |
| Bradley Peters | RSU | 2025-02-17 | — | — | 7,500 | — | 134,025 |
| David Nelson | RSU | 2025-02-17 | — | — | 8,500 | — | 151,895 |
| Jane Funk | RSU | 2025-02-17 | — | — | 7,500 | — | 134,025 |
| David Nelson | PSU | 2025-02-17 | 2,833 | 5,667 | — | 8,500 | 151,598 |
| Brad Winterbottom | PSU | 2025-02-17 | 2,500 | 5,000 | — | 7,500 | 133,763 |
| Jane Funk | PSU | 2025-02-17 | 2,500 | 5,000 | — | 7,500 | 133,763 |
| Bradley Peters | PSU | 2025-02-17 | 2,500 | 5,000 | — | 7,500 | 133,763 |
| Harlee Olafson | PSU | 2025-02-17 | 2,500 | 5,000 | — | 7,500 | 133,763 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Brad Winterbottom | $134,025 | $133,763 | $0 | 50.0% |
| Harlee Olafson | 134,025 | 133,763 | 0 | 50.0% |
| Bradley Peters | 134,025 | 133,763 | 0 | 50.0% |
| David Nelson | 151,895 | 151,598 | 0 | 50.0% |
| Jane Funk | 134,025 | 133,763 | 0 | 50.0% |
% 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 |
|---|---|---|---|---|
| Harlee Olafson | RSU | 6,000 | — | $133,140 |
| Harlee Olafson | RSU | 7,500 | — | 166,425 |
| Brad Winterbottom | RSU | 7,500 | — | 166,425 |
| Harlee Olafson | RSU | 1,500 | — | 33,285 |
| Jane Funk | RSU | 1,500 | — | 33,285 |
| Brad Winterbottom | PSU | 7,500 | — | 166,425 |
| Harlee Olafson | RSU | 3,000 | — | 66,570 |
| David Nelson | PSU | 8,500 | — | 188,615 |
| Bradley Peters | RSU | 4,500 | — | 99,855 |
| David Nelson | RSU | 1,500 | — | 33,285 |
| David Nelson | RSU | 8,500 | — | 188,615 |
| Jane Funk | RSU | 7,500 | — | 166,425 |
| Bradley Peters | RSU | 7,500 | — | 166,425 |
| Jane Funk | RSU | 6,000 | — | 133,140 |
| David Nelson | RSU | 6,800 | — | 150,892 |
| Jane Funk | PSU | 7,500 | — | 166,425 |
| Harlee Olafson | RSU | 4,500 | — | 99,855 |
| Bradley Peters | RSU | 2,000 | — | 44,380 |
| Harlee Olafson | PSU | 7,500 | — | 166,425 |
| Bradley Peters | PSU | 7,500 | — | 166,425 |
| Brad Winterbottom | RSU | 6,000 | — | 133,140 |
| Bradley Peters | RSU | 6,000 | — | 133,140 |
| David Nelson | RSU | 5,100 | — | 113,169 |
| Brad Winterbottom | RSU | 1,500 | — | 33,285 |
| Jane Funk | RSU | 4,500 | — | 99,855 |
| Bradley Peters | RSU | 2,400 | — | 53,256 |
| Brad Winterbottom | RSU | 4,500 | — | 99,855 |
| David Nelson | RSU | 3,000 | — | 66,570 |
| Brad Winterbottom | RSU | 3,000 | — | 66,570 |
| Jane Funk | RSU | 2,400 | — | 53,256 |
The Company's human resource philosophy is to have fewer people than peers but to pay them well for their performance, offering above-average pay in exchange for above-average performance to attract and retain superior talent.
| CEO STI target (% of salary) | 60% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | McLagan |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-04-23 | 10,573,274 | 418,364 | 11,641 | 96.19% | Passed |
| 2025 | 2025-04-24 | 10,012,499 | 338,010 | 226,372 | 96.73% | Passed |
| 2024 | 2024-04-25 | 10,004,713 | 394,531 | 174,649 | 96.21% | Passed |
| 2023 | 2023-04-27 | 9,322,928 | 369,485 | 454,429 | 96.19% | Passed |
| 2022 | 2022-04-28 | 9,120,088 | 241,697 | 259,547 | 97.42% | Passed |
| 2021 | 2021-04-29 | 8,723,090 | 842,097 | 285,385 | 91.2% | 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 | 2026-04-23 | 96.19%a |
| 2025 | 2025-04-24 | 96.73%b |
| 2024 | 2024-04-25 | 96.21%c |
a. Approved under the standard stated in the filing — “Broker non-votes and abstentions will not be counted as votes cast, but will count for purposes of determining whether a quorum is present.”.
b. Approved under the standard stated in the filing — “Broker non-votes and abstentions will not be counted as votes cast, but will count for purposes of determining whether a quorum is present.”.
c. Approved under the standard stated in the filing — “Abstentions and broker "non-votes" will have no effect on the result for this proposal.”.
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.
| Ratio (CEO : median employee) | 18 : 1 |
|---|---|
| CEO total compensation | $1,456,493 |
| Median employee compensation | $80,878 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| George D. MilliganIndependent · Nominating and Corporate Governance | $65,009 | $28,164 | — | $0 | $0 | $93,173 |
| Sean P. McMurrayIndependent · Board Chair · Compensation (Chair) · Nominating and Corporate Governance · Risk · Business Expertise · Banking and Financial Services Experience · Technology | 54,447 | 28,164 | — | 0 | 0 | 82,611 |
| Therese M. VaughanIndependent · Audit · Nominating and Corporate Governance (Chair) · Business Expertise · Banking and Financial Services Experience · Financial Expertise · Community Presence · Risk · Public Company Executive or Board Experience · Government and Public Policy · Banking and Insurance Regulations | 51,013 | 28,164 | — | 0 | 0 | 79,177 |
| Steven K. GaerIndependent · Compensation · Nominating and Corporate Governance · Business Expertise · Banking and Financial Services Experience · Community Presence · Risk · Construction and Commercial Real Estate Expertise · Government and Public Policy | 46,947 | 28,164 | — | 0 | 0 | 75,111 |
| James W. NoyceIndependent · Audit (Chair) · Nominating and Corporate Governance | 46,261 | 28,164 | — | 0 | 0 | 74,425 |
| Lisa J. ElmingIndependent · Risk (Chair) | 46,009 | 28,164 | — | 0 | 0 | 74,173 |
| Rosemary ParsonIndependent · Audit · Risk · Business Expertise · Banking and Financial Services Experience · Technology | 41,261 | 28,164 | — | 0 | 0 | 69,425 |
| Douglas R. GullingNot independent · Risk · Technology · Business Expertise · Banking and Financial Services Experience · Financial Expertise · Public Company Executive or Board Experience · Banking and Insurance Regulations | 40,009 | 28,164 | — | 0 | 0 | 68,173 |
| John K. SorensenIndependent · Audit · Compensation · Business Expertise · Banking and Financial Services Experience · Financial Expertise · Community Presence · Risk · Government and Public Policy · Banking and Insurance Regulations | 30,216 | 28,164 | — | 0 | 0 | 58,380 |
| Steven T. SchulerIndependent · Departed during FY | 16,254 | 0 | 0 | 0 | 0 | 16,254 |
| Philip Jason WorthIndependent · Departed during FY | 15,337 | 0 | 0 | 0 | 0 | 15,337 |
| David D. NelsonEmployee director · Business Expertise · Banking and Financial Services Experience · Financial Expertise · Community Presence · Risk · Public Company Executive or Board Experience · Banking and Insurance Regulations | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $32,500 |
|---|---|
| Annual equity retainer | $32,500 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 7,500 / 6,000 / 6,000 |
| Stock ownership guideline | $3 |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $452,763 |
| Equity awards (grant-date value) | $253,476 |
| All other compensation | $0 |
| Total cost of the board | $706,239 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies WEST BANCORPORATION 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 WEST BANCORPORATION INC.
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 | Nicolet Bankshares, Inc. | 2025 | Michael Daniels | $850,000 | $12,391,200 | $0 | $1,593,750 | $14,944,068 |
| 2 | Equity Bancshares, Inc. | 2025 | Brad Elliott | 857,995 | 663,156 | 281,500 | 854,427 | 3,073,975 |
| 3 | Civista Bancshares, Inc. | 2025 | Dennis Shaffer | 573,657 | 166,246 | 0 | 258,146 | 2,894,036 |
| 4 | First Financial Corp. | 2025 | Norman D. Lowery | 675,350 | 523,503 | 0 | 486,252 | 2,395,725 |
| 5 | First Mid Bancshares, Inc. | 2025 | Joseph Dively | 543,400 | 514,272 | 0 | 1,019,364 | 2,109,337 |
| 6 | German American Bancorp, Inc. | 2025 | D. Neil Dauby | 770,000 | 517,464 | 0 | 602,525 | 2,068,536 |
| 7 | Bank First Corporation | 2025 | Michael Molepske | 805,838 | 463,787 | 0 | 463,763 | 1,800,787 |
| 8 | Mercantile Bank Corporation | 2025 | Raymond Reitsma | 734,600 | 471,283 | 0 | 462,798 | 1,769,983 |
| 9 | Farmers National Banc Corp. | 2025 | Kevin Helmick | 686,850 | 331,913 | 0 | 536,250 | 1,644,243 |
| 10 | MidWest One Financial Group, Inc. | 2024 | Charles Reeves | 646,875 | 400,003 | 0 | 534,039 | 1,611,393 |
| 11 | Peoples Bancorp, Inc. | 2025 | Tyler Wilcox | 700,000 | 259,195 | 0 | 416,800 | 1,500,327 |
| 12 | WEST BANCORPORATION INC | 2025 | David Nelson | 608,000 | 303,493 | 0 | 477,245 | 1,456,493 |
| 13 | Bridgewater Bancshares, Inc. | 2025 | Jerry Baack | 650,000 | 218,372 | 0 | 433,000 | 1,349,932 |
| 14 | HBT Financial, Inc. | 2025 | J. Lance Carter | 570,686 | 278,600 | 0 | 427,815 | 1,294,800 |
| 15 | ChoiceOne Financial Services, Inc. | 2025 | Kelly Potes | 550,000 | 260,700 | 0 | 325,875 | 1,181,700 |
| 16 | Farmers & Merchants Bancorp | 2025 | Lars Eller | 519,841 | 109,148 | 0 | 283,573 | 969,335 |
| 17 | LCNB Corp. | 2025 | Eric Meilstrup | 500,000 | 84,607 | 0 | 68,750 | 892,855 |
| 18 | Hills Bancorporation | 2025 | Lisa Shileny | 571,550 | 133,040 | 0 | 0 | 766,019 |
| 19 | Isabella Bank Corporation | 2025 | Jerome Schwind | 522,349 | 92,000 | 0 | 0 | 765,306 |
| 20 | Southern Missouri Bancorp, Inc. | 2026 | Greg Steffens | 468,000 | 38,070 | 37,776 | 0 | 756,303 |
| 21 | First Business Financial Services, Inc. | 2025 | James Hartlieb | 315,000 | 110,985 | 0 | 147,195 | 620,487 |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| WEST BANCORPORATION INC | 78% | RSU 50 · PSU 50 | No | McLagan |
| Bank First Corporation | 74.6% | RSU 100 | not disclosed | Pearl Meyer |
| Bridgewater Bancshares, Inc. | 89% | RSU 100 | not disclosed | Pearl Meyer |
| ChoiceOne Financial Services, Inc. | 118.5% | RSU 50 · PRSU 50 | No | not disclosed |
| Civista Bancshares, Inc. | not disclosed | RSU 100 | Yes — Relative TSR vs. Peer Group (3 year average) | Blanchard Consulting Group |
| Equity Bancshares, Inc. | 132.1% | RSU 50 · PSU 50 | Yes — Total Stockholder Return (TSR) | Blanchard Consulting Group |
| Farmers & Merchants Bancorp | not disclosed | Stock Awards 100 | not disclosed | not disclosed |
| Farmers National Banc Corp. | 150% | PSU 50 · RSU 25 · Cash LTI 25 | No | Aon |
| First Business Financial Services, Inc. | 134% | PSU 60 · RSU 40 | Yes — Total Shareholder Return (TSR) | McLagan |
| First Financial Corp. | not disclosed | not disclosed | No | Pearl Meyer |
| First Mid Bancshares, Inc. | not disclosed | not disclosed | not disclosed | Blanchard Consulting |
| German American Bancorp, Inc. | 67% | RSU 100 | No | BCG |
| HBT Financial, Inc. | 149% | RSU 50 · PSU 50 | No | McLagan Partners Inc. |
| Hills Bancorporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Isabella Bank Corporation | not disclosed | RSU 100 | not disclosed | not disclosed |
| LCNB Corp. | 14% | Restricted Stock 100 | not disclosed | BCG |
| Mercantile Bank Corporation | 105.6% | PSU 65 · RSU 35 | No | AON |
| MidWest One Financial Group, Inc. | 127.0% | PSU 60 · RSU 40 | not disclosed | Frederic W. Cook & Co., Inc. |
| Nicolet Bankshares, Inc. | not disclosed | not disclosed | No | Pearl Meyer & Partners, LLC |
| Peoples Bancorp, Inc. | 60% | Restricted Common Shares 100 | No | Pay Governance |
| Southern Missouri Bancorp, Inc. | not disclosed | not disclosed | not disclosed | Blanchard Consulting Group |
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.
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, David Nelson | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “SUMMARY COMPENSATION TABLE” · page 35. As printed: 1,456,493. Filing ↗machine: r2 · c48 · span 688762–688771 |
| 2 | Section 01, Harlee Olafson | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “SUMMARY COMPENSATION TABLE” · page 35. As printed: 923,901. Filing ↗machine: r11 · c48 · span 705258–705266 |
| 3 | Section 01, Brad Winterbottom | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “SUMMARY COMPENSATION TABLE” · page 35. As printed: 923,901. Filing ↗machine: r16 · c48 · span 713947–713955 |
| 4 | Section 01, Bradley Peters | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “SUMMARY COMPENSATION TABLE” · page 35. As printed: 844,053. Filing ↗machine: r20 · c48 · span 721989–721997 |
| 5 | Section 01, Jane Funk | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “SUMMARY COMPENSATION TABLE” · page 35. As printed: 842,157. Filing ↗machine: r6 · c48 · span 696752–696760 |
| 6 | Section 03, Brad Winterbottom RSU | DEF 14A | 1900-01-01 | 0001166928-26-000016 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 764137–764145 |
| 7 | Section 03, Harlee Olafson RSU | DEF 14A | 1900-01-01 | 0001166928-26-000016 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 758121–758129 |
| 8 | Section 03, Bradley Peters RSU | DEF 14A | 1900-01-01 | 0001166928-26-000016 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 770150–770158 |
| 9 | Section 03, David Nelson RSU | DEF 14A | 1900-01-01 | 0001166928-26-000016 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 746100–746108 |
| 10 | Section 03, Jane Funk RSU | DEF 14A | 1900-01-01 | 0001166928-26-000016 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 752108–752116 |
| 11 | Section 03, David Nelson PSU | DEF 14A | 1900-01-01 | 0001166928-26-000016 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 748127–748134 |
| 12 | Section 03, Brad Winterbottom PSU | DEF 14A | 1900-01-01 | 0001166928-26-000016 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 766164–766171 |
| 13 | Section 03, Jane Funk PSU | DEF 14A | 1900-01-01 | 0001166928-26-000016 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 754135–754142 |
| 14 | Section 03, Bradley Peters PSU | DEF 14A | 1900-01-01 | 0001166928-26-000016 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 772177–772184 |
| 15 | Section 03, Harlee Olafson PSU | DEF 14A | 1900-01-01 | 0001166928-26-000016 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 760148–760155 |
| 16 | Section 07, pay ratio | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “CEO Pay Ratio”. As printed: 18 : 1. Filing ↗ |
| 17 | Section 08, George D. Milligan | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 93,173. Filing ↗machine: span 393055–393356 |
| 18 | Section 08, Sean P. McMurray | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 82,611. Filing ↗machine: span 391036–391337 |
| 19 | Section 08, Therese M. Vaughan | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 79,177. Filing ↗machine: span 403669–403970 |
| 20 | Section 08, Steven K. Gaer | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 75,111. Filing ↗machine: span 387001–387302 |
| 21 | Section 08, James W. Noyce | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 74,425. Filing ↗machine: span 395069–395370 |
| 22 | Section 08, Lisa J. Elming | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 74,173. Filing ↗machine: span 385043–385287 |
| 23 | Section 08, Rosemary Parson | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 69,425. Filing ↗machine: span 397084–397385 |
| 24 | Section 08, Douglas R. Gulling | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 68,173. Filing ↗machine: span 389020–389321 |
| 25 | Section 08, John K. Sorensen | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 58,380. Filing ↗machine: span 401650–401951 |
| 26 | Section 08, Steven T. Schuler | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 16,254. Filing ↗machine: span 399519–399832 |
| 27 | Section 08, Philip Jason Worth | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 15,337. Filing ↗machine: span 406520–406897 |
| 28 | Section 08, David D. Nelson | DEF 14A | 2026-03-03 | 0001166928-26-000016 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 29 | Section 02, Bradley Peters 2026-03-25 | Form 4 | 2026-03-26 | 0001855239-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 02, Jane Funk 2026-03-25 | Form 4 | 2026-03-26 | 0001488571-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 31 | Section 02, Harlee Olafson 2026-03-25 | Form 4 | 2026-03-26 | 0001498467-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 32 | Section 02, David D. Nelson 2026-03-25 | Form 4 | 2026-03-26 | 0001487136-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 33 | Section 02, Brad Winterbottom 2026-03-25 | Form 4 | 2026-03-26 | 0001247383-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 34 | Section 02, Douglas R. Gulling 2026-04-23 | Form 4 | 2026-04-24 | 0001247350-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 35 | Section 02, Lisa J. Elming 2026-04-23 | Form 4 | 2026-04-24 | 0001848382-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 36 | Section 02, Steven K. Gaer 2026-04-23 | Form 4 | 2026-04-24 | 0001518982-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 37 | Section 02, Sean P. McMurray 2026-04-23 | Form 4 | 2026-04-24 | 0001575421-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 38 | Section 02, Rosemary Parson 2026-04-23 | Form 4 | 2026-04-24 | 0001923460-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 39 | Section 02, John K. Sorensen 2026-04-23 | Form 4 | 2026-04-24 | 0002065530-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 40 | Section 02, Therese M. Vaughan 2026-04-23 | Form 4 | 2026-04-24 | 0001332615-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 41 | Section 06, 2026 vote | Form 8-K | 2026-04-24 | 0001166928-26-000029 | Item 5.07 · say-on-pay result. As reported: 96.19% (votes for as printed: 10,573,274). Filing ↗ |
| 42 | Section 06, 2025 vote | Form 8-K | 2025-04-25 | 0001166928-25-000036 | Item 5.07 · say-on-pay result. As reported: 96.73% (votes for as printed: 10,012,499). Filing ↗ |
| 43 | Section 06, 2024 vote | Form 8-K | 2024-04-26 | 0001166928-24-000055 | Item 5.07 · say-on-pay result. As reported: 96.21% (votes for as printed: 10,004,713). Filing ↗ |
| 44 | 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) |
| 45 | Section 03b vehicle mix (computed) | Computed | — | — | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 46 | Section 09b board cost (computed) | Computed | — | — | Cash 452,763 + equity 253,476 + all other 0 = 706,239, summed across the director compensation table rows.machine: formula: Σ = 706,239 |
| 47 | Nicolet Bankshares, Inc., Section 10b CEO total | DEF 14A | 2026-03-24 | 0001174850-26-000086 | CEO total compensation as printed in Nicolet Bankshares, Inc.'s own proxy. As printed: 14,944,068. Filing ↗machine: t24 · r3 · c21 · span 428027–428037 |
| 48 | Equity Bancshares, Inc., Section 10b CEO total | DEF 14A | 2026-03-12 | 0001193125-26-103215 | CEO total compensation as printed in Equity Bancshares, Inc.'s own proxy. As printed: 3,073,975. Filing ↗machine: r2 · c31 · span 655068–655077 |
| 49 | Civista Bancshares, Inc., Section 10b CEO total | DEF 14A | 2026-04-07 | 0001193125-26-145510 | CEO total compensation as printed in Civista Bancshares, Inc.'s own proxy. As printed: 2,894,036. Filing ↗ |
| 50 | First Financial Corp., Section 10b CEO total | DEF 14A | 2026-03-17 | 0000714562-26-000017 | CEO total compensation as printed in First Financial Corp.'s own proxy. As printed: 2,395,725. Filing ↗machine: r2 · c8 · span 818114–818123 |
| 51 | First Mid Bancshares, Inc., Section 10b CEO total | DEF 14A | 2026-03-17 | 0001193125-26-109951 | CEO total compensation as printed in First Mid Bancshares, Inc.'s own proxy. As printed: 2,109,337. Filing ↗machine: r2 · c12 · span 869693–869703 |
| 52 | German American Bancorp, Inc., Section 10b CEO total | DEF 14A | 2026-03-18 | 0001104659-26-030015 | CEO total compensation as printed in German American Bancorp, Inc.'s own proxy. As printed: 2,068,536. Filing ↗machine: span 816342–816351 |
| 53 | Bank First Corporation, Section 10b CEO total | DEF 14A | 2026-04-24 | 0001104659-26-048526 | CEO total compensation as printed in Bank First Corporation's own proxy. As printed: 1,800,787. Filing ↗machine: t29 · r1 · c43 · span 725655–725664 |
| 54 | Mercantile Bank Corporation, Section 10b CEO total | DEF 14A | 2026-04-02 | 0001437749-26-010964 | CEO total compensation as printed in Mercantile Bank Corporation's own proxy. As printed: 1,769,983. Filing ↗machine: t42 · r1 · c20 · span 302151–302160 |
| 55 | Farmers National Banc Corp., Section 10b CEO total | DEF 14A | 2026-03-16 | 0001437749-26-008310 | CEO total compensation as printed in Farmers National Banc Corp.'s own proxy. As printed: 1,644,243. Filing ↗machine: r2 · c28 · span 608756–608765 |
| 56 | MidWest One Financial Group, Inc., Section 10b CEO total | DEF 14A | 2025-03-11 | 0001412665-25-000046 | CEO total compensation as printed in MidWest One Financial Group, Inc.'s own proxy. As printed: 1,611,393. Filing ↗machine: span 451813–451822 |
| 57 | Peoples Bancorp, Inc., Section 10b CEO total | DEF 14A | 2026-03-06 | 0000318300-26-000104 | CEO total compensation as printed in Peoples Bancorp, Inc.'s own proxy. As printed: 1,500,327. Filing ↗machine: span 1008837–1008847 |
| 58 | WEST BANCORPORATION INC (subject), Section 10b CEO total | DEF 14A | 2026-03-03 | 0001166928-26-000016 | CEO total compensation as printed in WEST BANCORPORATION INC's own proxy. As printed: 1,456,493. Filing ↗machine: r2 · c48 · span 688762–688771 |
| 59 | Bridgewater Bancshares, Inc., Section 10b CEO total | DEF 14A | 2026-03-16 | 0001104659-26-028272 | CEO total compensation as printed in Bridgewater Bancshares, Inc.'s own proxy. As printed: 1,349,932. Filing ↗machine: t135 · r6 · c22 · span 897478–897487 |
| 60 | HBT Financial, Inc., Section 10b CEO total | DEF 14A | 2026-04-08 | 0000775215-26-000037 | CEO total compensation as printed in HBT Financial, Inc.'s own proxy. As printed: 1,294,800. Filing ↗machine: span 498480–498489 |
| 61 | ChoiceOne Financial Services, Inc., Section 10b CEO total | DEF 14A | 2026-04-13 | 0001140361-26-014320 | CEO total compensation as printed in ChoiceOne Financial Services, Inc.'s own proxy. As printed: 1,181,700. Filing ↗machine: t47 · r3 · c24 · span 248939–248948 |
| 62 | Farmers & Merchants Bancorp, Section 10b CEO total | DEF 14A | 2026-03-24 | 0001140361-26-010915 | CEO total compensation as printed in Farmers & Merchants Bancorp's own proxy. As printed: 969,335. Filing ↗machine: r2 · c21 · span 457783–457790 |
| 63 | LCNB Corp., Section 10b CEO total | DEF 14A | 2026-03-12 | 0001437749-26-007964 | CEO total compensation as printed in LCNB Corp.'s own proxy. As printed: 892,855. Filing ↗machine: r1 · c27 · span 546385–546392 |
| 64 | Hills Bancorporation, Section 10b CEO total | DEF 14A | 2026-03-18 | 0000732417-26-000024 | CEO total compensation as printed in Hills Bancorporation's own proxy. As printed: 766,019. Filing ↗machine: span 449538–449545 |
| 65 | Isabella Bank Corporation, Section 10b CEO total | DEF 14A | 2026-03-23 | 0000842517-26-000082 | CEO total compensation as printed in Isabella Bank Corporation's own proxy. As printed: 765,306. Filing ↗machine: r2 · c39 · span 174437–174444 |
| 66 | Southern Missouri Bancorp, Inc., Section 10b CEO total | DEF 14A | 2026-09-21 | 0001104659-26-109259 | CEO total compensation as printed in Southern Missouri Bancorp, Inc.'s own proxy. As printed: 756,303. Filing ↗ |
| 67 | First Business Financial Services, Inc., Section 10b CEO total | DEF 14A | 2026-03-05 | 0001193125-26-092613 | CEO total compensation as printed in First Business Financial Services, Inc.'s own proxy. As printed: 620,487. Filing ↗machine: r14 · c16 · span 1114517–1114525 |
| 68 | Section 10a, German American Bancorp, Inc. reciprocity | DEF 14A | — | 0001104659-26-030015 | German American Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 69 | Section 10a, Mercantile Bank Corporation reciprocity | DEF 14A | — | 0001437749-26-010964 | Mercantile Bank Corporation's most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 70 | Section 10a, Farmers National Banc Corp. reciprocity | DEF 14A | — | 0001437749-26-008310 | Farmers National Banc Corp.'s most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 71 | Section 10a, Bank First Corporation reciprocity | DEF 14A | — | 0001104659-26-048526 | Bank First Corporation names WEST BANCORPORATION INC in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 72 | Section 10a, First Business Financial Services, Inc. reciprocity | DEF 14A | — | 0001193125-26-092613 | First Business Financial Services, Inc.'s most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 73 | Section 10a, LCNB Corp. reciprocity | DEF 14A | — | 0001437749-26-007964 | LCNB Corp.'s most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 74 | Section 10a, Bridgewater Bancshares, Inc. reciprocity | DEF 14A | — | 0001104659-26-028272 | Bridgewater Bancshares, Inc. names WEST BANCORPORATION INC in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 75 | Section 10a, First Financial Corp. reciprocity | DEF 14A | — | 0000714562-26-000017 | First Financial Corp. names WEST BANCORPORATION INC in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 76 | Section 10a, First Mid Bancshares, Inc. reciprocity | DEF 14A | — | 0001193125-26-109951 | First Mid Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 77 | Section 10a, Civista Bancshares, Inc. reciprocity | DEF 14A | — | 0001193125-26-145510 | Civista Bancshares, Inc.'s most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 78 | Section 10a, Nicolet Bankshares, Inc. reciprocity | DEF 14A | — | 0001174850-26-000086 | Nicolet Bankshares, Inc.'s most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 79 | Section 10a, Equity Bancshares, Inc. reciprocity | DEF 14A | — | 0001193125-26-103215 | Equity Bancshares, Inc. names WEST BANCORPORATION INC in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 80 | Section 10a, HBT Financial, Inc. reciprocity | DEF 14A | — | 0000775215-26-000037 | HBT Financial, Inc.'s most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 81 | Section 10a, Peoples Bancorp, Inc. reciprocity | DEF 14A | — | 0000318300-26-000104 | Peoples Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 82 | Section 10a, Farmers & Merchants Bancorp reciprocity | DEF 14A | — | 0001193125-25-044260 | Farmers & Merchants Bancorp's most recent proxy was read; its disclosed peer group does not include WEST BANCORPORATION INC. Filing ↗ |
| 83 | Section 10a, MidWest One Financial Group, Inc. reciprocity | DEF 14A | — | 0001412665-25-000046 | MidWest One Financial Group, Inc. names WEST BANCORPORATION INC in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
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