David Nelson compensation by year
WEST BANCORPORATION Summary Compensation Table · all 9 fiscal years held| Component | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Salary | $400,000 | $436,000 | $436,000 | $462,160 | $485,000 | $514,000 | $590,000 | $590,000 | $608,000 |
| Bonus | $8,000 | $8,720 | $8,720 | $40,254 | $9,700 | $10,280 | $11,800 | $11,800 | $12,160 |
| Stock awards | $291,847 | $347,748 | $257,430 | $188,198 | $257,325 | $395,589 | $288,788 | $234,473 | $303,493 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $240,000 | $255,496 | $245,250 | $246,285 | $243,082 | $308,400 | $371,085 | $359,192 | $477,245 |
| Pension and deferred compensation | $0 | $0 | $0 | $2,127 | $3,793 | $3,879 | $15,315 | $23,478 | $20,595 |
| All other | $27,000 | $27,500 | $28,000 | $28,500 | $29,000 | $30,500 | $26,400 | $27,600 | $35,000 |
| Total | $966,847 | $1,075,464 | $975,400 | $967,524 | $1,027,900 | $1,262,648 | $1,303,388 | $1,246,543 | $1,456,493 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: WEST BANCORPORATION INC DEF 14A filed March 3, 2026, accession 0001166928-26-000016, and prior-year filings. Open the filing on EDGAR.
How this page was built: the WEST BANCORPORATION INC filed document, accession 0001166928-26-000016. Every figure is read from that document and cited to the page and table it appears in. Filed March 3, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 8,500 | $188,615 | — |
| RSU | 8,500 | $188,615 | — |
| RSU | 6,800 | $150,892 | — |
| RSU | 5,100 | $113,169 | — |
| RSU | 3,000 | $66,570 | — |
| RSU | 1,500 | $33,285 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in WEST BANCORPORATION INC's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
1 Form 4 line since the FY2025 proxy (filed March 3, 2026)current to 2026-11-07 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-03-25 | Tax withholding | — | 6,811 | $23.71 | 117,340 |
The 1 most recent of 1 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
WEST BANCORPORATION’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| David Nelson · this page | President and Chief Executive Officer of the Company and Chief Executive Officer of West Bank | $1,456,493 |
| Harlee Olafson | Executive Vice President and Chief Risk Officer of the Company and Executive Vice President, Chief Risk Officer and Chief Operating Officer of West Bank | $923,901 |
| Brad Winterbottom | Executive Vice President of the Company and President of West Bank | $923,901 |
| Bradley Peters | Executive Vice President of the Company and Executive Vice President and Minnesota Market President of West Bank | $844,053 |
| Jane Funk | Executive Vice President, Treasurer and Chief Financial Officer of the Company and Executive Vice President and Chief Financial Officer of West Bank | $842,157 |
Board service
WEST BANCORPORATION board · FY2021–FY2025How this board is paid
Company policy: WEST BANCORPORATION pays directors a $22,750 cash retainer and $32,500 in RSUs. As stated in WEST BANCORPORATION's FY2025 proxy.
Committees
Business Expertise · Banking and Financial Services Experience · Financial Expertise · Community Presence · Risk · Public Company Executive or Board Experience · Banking and Insurance Regulations
The full WEST BANCORPORATION compensation record
free company briefThis page is one person within WEST BANCORPORATION's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the WEST BANCORPORATION proxy · each links to its own free briefCompensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are WEST BANCORPORATION's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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