The table below shows the following information for the past three fiscal years: (i) “total” compensation for our named executive officers (“NEOs”) as reported in the Summary Compensation Table (“SCT”) above; (ii) the “compensation actually paid” to our named executive officers (calculated in accordance with SEC rules); (iii) our value of initial fixed $100 investment based on Total Shareholder Return; and (iv) our net income, followed by a table reconciling the total compensation disclosed in in the SCT and the compensation required to be disclosed as “compensation actually paid.” “Compensation actually paid” does not represent the value of cash and shares of the Company’s common stock received by NEOs during the year, but rather is an amount calculated under SEC rules and includes, among other things, the year-over-year changes in the value of unvested equity-based awards. As a result of the calculation methodology required by the SEC, “compensation actually paid” amounts below differ from compensation actually received by the individuals.
|
|
|
|
|
|
|
Year | Summary Compensation Table Total for CEO(1) | Compensation Actually Paid to CEO(2) | Average Summary Compensation Table Total for Other NEOs(1) | Average Compensation Actually Paid to Other NEOs(2) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return(3) | Net Income (in thousands) |
2025 | $ 1,041,537 | $ 1,053,288 | $ 553,013 | $ 556,679 | $ 138 | $ 13,697 |
2024 | $ 1,004,496 | $ 1,035,521 | $ 612,730 | $ 614,486 | $ 123 | $ 10,440 |
2023 | $ 901,590 | $ 781,183 | $ 582,021 | $ 574,323 | $ 108 | $ 12,656 |
(1) The CEO for each year reported was David M. Lobach. Other NEOs for 2025 were Judith A. Hunsicker, Diane M. Cunningham, Lynne M. Neel and Jeffrey C. Skumin. Other NEOs for 2024 and 2023 were Judith A. Hunsicker, Diane M. Cunningham and Lynne M. Neel. | ||||||
(2) SEC rules require certain adjustments be made to the SCT table to determine "compensation actually paid" as reported in the "Pay versus Performance Table" above. The following table details the applicable adjustments that were made to determine "compensation actually paid" (all amounts are averages for the NEOs other than the CEO). | ||||||
(3) Total Shareholder Return is determined based on the value of an initial fixed investment of $100 on December 31, 2020. | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year | Named | SCT Total (1) | Deduct Stock Awards | Add Year-End Value of Unvested Equity Awards Granted in Year | Add Fair Value as of the Vesting Date for Awards Granted and Vested in Year | Change in Value of Unvested Equity Awards Granted in Prior Years | Change in Value of Equity Awards Granted in Prior Years Which Vested in Year | Deduct Value of Equity Awards Granted in Prior Years That Failed to Vest | Add Dividends |
2025 | CEO | $ 1,041,537 | $ (61,687) | $ 62,614 | $ - | $ 5,731 | $ 2,242 | $ - | $ 2,851 |
| Other NEOs | $ 553,013 | $ (20,222) | $ 20,524 | $ - | $ 1,492 | $ 1,104 | $ - | $ 769 |
2024 | CEO | $ 1,004,496 | $ (80,964) | $ 81,114 | $ - | $ 5,204 | $ 19,243 | $ - | $ 6,428 |
| Other NEOs | $ 612,730 | $ (26,449) | $ 26,499 | $ - | $ 683 | $ 563 | $ - | $ 460 |
2023 | CEO | $ 901,590 | $ - | $ - | $ - | $ (67,263) | $ (65,477) | $ - | $ 12,333 |
| Other NEOs | $ 582,021 | $ - | $ - | $ - | $ (4,287) | $ (4,309) | $ - | $ 893 |
(1) The SCT total for the CEO is actual vs. an average balance for the Other NEOs. | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year | Named | SCT Total (1) | Deduct Stock Awards | Add Year-End Value of Unvested Equity Awards Granted in Year | Add Fair Value as of the Vesting Date for Awards Granted and Vested in Year | Change in Value of Unvested Equity Awards Granted in Prior Years | Change in Value of Equity Awards Granted in Prior Years Which Vested in Year | Deduct Value of Equity Awards Granted in Prior Years That Failed to Vest | Add Dividends |
2025 | CEO | $ 1,041,537 | $ (61,687) | $ 62,614 | $ - | $ 5,731 | $ 2,242 | $ - | $ 2,851 |
| Other NEOs | $ 553,013 | $ (20,222) | $ 20,524 | $ - | $ 1,492 | $ 1,104 | $ - | $ 769 |
2024 | CEO | $ 1,004,496 | $ (80,964) | $ 81,114 | $ - | $ 5,204 | $ 19,243 | $ - | $ 6,428 |
| Other NEOs | $ 612,730 | $ (26,449) | $ 26,499 | $ - | $ 683 | $ 563 | $ - | $ 460 |
2023 | CEO | $ 901,590 | $ - | $ - | $ - | $ (67,263) | $ (65,477) | $ - | $ 12,333 |
| Other NEOs | $ 582,021 | $ - | $ - | $ - | $ (4,287) | $ (4,309) | $ - | $ 893 |
(1) The SCT total for the CEO is actual vs. an average balance for the Other NEOs. | |||||||||
