0000842717 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember brbs:GWilliamBealeMember 2025-01-01 2025-12-31 0000842717 ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000842717 brbs:BrianKPlumMember 2023-01-01 2023-07-12 0000842717 brbs:GWilliamBealeMember 2023-07-01 2023-12-31 0000842717 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000842717 2023-07-01 2023-12-31 0000842717 2024-01-01 2024-12-31 0000842717 ecd:PeoMember brbs:GWilliamBealeMember 2025-01-01 2025-12-31 0000842717 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000842717 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember brbs:GWilliamBealeMember 2025-01-01 2025-12-31 0000842717 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000842717 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember brbs:GWilliamBealeMember 2025-01-01 2025-12-31 0000842717 brbs:GWilliamBealeMember 2024-01-01 2024-12-31 0000842717 brbs:BrianKPlumMember 2014-01-01 2023-07-12 0000842717 brbs:GWilliamBealeMember 2025-01-01 2025-12-31 0000842717 2025-01-01 2025-12-31 0000842717 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000842717 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember brbs:GWilliamBealeMember 2025-01-01 2025-12-31 iso4217:USD 0000842717 false DEF 14A BLUE RIDGE BANKSHARES, INC. true Pay Versus Performance. In accordance with rules adopted by the SEC pursuant to Dodd-Frank, the Company is providing the following disclosure regarding total compensation and “compensation actually paid” (“CAP”) to the Company’s chief executive officer (the “CEO”) and other named executive officers (“NEOs”) for the fiscal years ended December 31, 2025, 2024, and 2023, and the cumulative shareholder return on the Company’s common stock (“TSR”) and net income over the same period. Please review the entire Executive Compensation section for a complete description of how executive compensation relates to Company performance and how the Compensation Committee makes its decisions. The Pay versus Performance table below summarizes the compensation values both previously reported in the Summary Compensation Table included in this Proxy Statement, as well as the adjusted values required in this section for the 2025, 2024, and 2023 calendar years. <table style="border-spacing:0;table-layout:auto;width:100.0%;border-collapse:separate;"> <tr style="visibility:collapse;"> <td style="width:6.001%;box-sizing:content-box;"></td> <td style="width:12.222%;box-sizing:content-box;"></td> <td style="width:12.703%;box-sizing:content-box;"></td> <td style="width:12.703%;box-sizing:content-box;"></td> <td style="width:12.723%;box-sizing:content-box;"></td> <td style="width:12.302%;box-sizing:content-box;"></td> <td style="width:12.302%;box-sizing:content-box;"></td> <td style="width:10.822%;box-sizing:content-box;"></td> <td style="width:8.222%;box-sizing:content-box;"></td> </tr> <tr style="height:32.4pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="border-top:0.5pt solid #bfbfbf;padding-top:0in;border-right:0.5pt solid #bfbfbf;border-left:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;"> Year</td> <td style="border-top:0.5pt solid #bfbfbf;padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;"> Summary Compensation Table Total forG. William Beale (1)$</td> <td style="border-top:0.5pt solid #bfbfbf;padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;"> Summary Compensation Table Total forBrian K. Plum (2)$</td> <td style="border-top:0.5pt solid #bfbfbf;padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;"> Compensation Actually Paid toG. William Beale (1)$</td> <td style="border-top:0.5pt solid #bfbfbf;padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;"> Compensation Actually Paid toBrian K. Plum (2)$</td> <td style="border-top:0.5pt solid #bfbfbf;padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;"> Average Summary Compensation Table Total for Non-CEO NEOs $</td> <td style="border-top:0.5pt solid #bfbfbf;padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;"> Average Compensation Actually Paid to Non-CEO NEOs$</td> <td style="border-top:0.5pt solid #bfbfbf;padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;"> Value of Initial Fixed $100 Investment Based on Shareholder Return(5)$</td> <td style="border-top:0.5pt solid #bfbfbf;padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;"> Net Income(in millions)$</td> </tr> <tr style="height:18pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;border-left:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">2025</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">4,425,449</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">N/A</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">4,116,911</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">N/A</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">2,144,589</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">2,043,107</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">36.95</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">10.7</td> </tr> <tr style="height:8.65pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;border-left:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">2024</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">1,418,683</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">N/A</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">1,551,499</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">N/A</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">669,314(4)</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">713,263(4)</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">26.36</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">-15.4</td> </tr> <tr style="height:21.6pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;border-left:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">2023</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">981,279</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">374,639</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">627,219</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">233,200</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">555,882(3)</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">435,183(3)</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:top;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">24.81</td> <td style="padding-top:0in;border-right:0.5pt solid #bfbfbf;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;border-bottom:0.5pt solid #bfbfbf;padding-right:0.075in;">-51.8</td> </tr> </table>____________<div style="font-size:10pt;font-family:Times New Roman;"><div class="item-list-element-wrapper" style="margin-left:0.25in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:justify;">(1)<div style="display:inline;">Mr. Beale joined the Bank as its CEO in May 2023 and became CEO of the Company in July 2023.</div></div><div class="item-list-element-wrapper" style="margin-left:0.25in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:justify;">(2)<div style="display:inline;">Mr. Plum served as CEO from December 2014 until his departure on July 12, 2023.</div></div><div class="item-list-element-wrapper" style="margin-left:0.25in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:justify;">(3)<div style="display:inline;">The Non-CEO NEOs included for 2023 are: Judy C. Gavant and C. Douglass Riddle.</div></div><div class="item-list-element-wrapper" style="margin-left:0.25in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:justify;">(4)<div style="display:inline;">The Non-CEO NEOs included for 2024 and 2025 are: Judy C. Gavant and M. Dean Brown.</div></div></div><div class="item-list-element-wrapper" style="margin-left:0.25in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:justify;">(5)<div style="display:inline;">Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.</div></div> Calculation of Compensation Actually Paid . To calculate the amounts in the “Compensation Actually Paid” columns with respect to the Company’s CEO and Non-CEO NEOs in the table above according to SEC reporting rules, the following adjustments were made to the compensation as reported under the “Total” column for 2025 in the Summary Compensation Table included in this Proxy Statement. <div style="font-size:9pt;font-family:Times New Roman;"> <table style="margin-left:auto;border-spacing:0;table-layout:auto;width:85.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:60.88%;box-sizing:content-box;"></td> <td style="width:19.64%;box-sizing:content-box;"></td> <td style="width:19.48%;box-sizing:content-box;"></td> </tr> <tr style="height:23.05pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> </td> <td colspan="2" style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> 2025</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> </td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">G. William Beale</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Average Non-CEO NEOs</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Total Compensation from Summary Compensation Table</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ 4,425,449</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ 2,144,589</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Adjustments for Equity Awards</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> </td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> </td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Fair value of equity awards granted during the fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ (3,398,400)</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ (1,628,400)</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Fair value of equity awards granted during the fiscal year – value at year-end</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 2,892,800</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 1,462,799</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 171,544</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ 53,503</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 25,518</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ 10,616</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Dividends paid on unvested shares/units/options that are not otherwise included in total compensation for the covered fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ -</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ -</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Fair value of equity compensation forfeited in current fiscal year determined at end of prior fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ -</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ -</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Total Adjustments for Equity Awards</td> <td style="border-top:1.5pt solid;padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ (308,538)</td> <td style="border-top:1.5pt solid;padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ (101,482)</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Compensation Actually Paid (as calculated) </td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 4,116,911</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 2,043,107</td> </tr> </table></div> The CAP as calculated for the Company’s CEO and Non-CEO NEOs during 2025 does not reflect the cancellation or forfeiture of a portion of equity awards subsequent to December 31, 2025 as follows: for Mr. Beale, 800,000 shares, or $3,416,000 in year-end market value; for Ms. Gavant, 160,000 shares, or $683,200 in year-end market value; and for Mr. Brown, 200,000 shares, or $854,000 in year-end market value. 4425449 4116911 2144589 2043107 36950

10700000

1418683 1551499 669314 713263 26360

-15400000

981279 374639 627219 233200 555882 435183 24810

-51800000

<div class="item-list-element-wrapper" style="margin-left:0.25in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:justify;">(1)<div style="display:inline;">Mr. Beale joined the Bank as its CEO in May 2023 and became CEO of the Company in July 2023.</div></div><div class="item-list-element-wrapper" style="margin-left:0.25in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:justify;">(2)<div style="display:inline;">Mr. Plum served as CEO from December 2014 until his departure on July 12, 2023.</div></div><div class="item-list-element-wrapper" style="margin-left:0.25in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:justify;">(3)<div style="display:inline;">The Non-CEO NEOs included for 2023 are: Judy C. Gavant and C. Douglass Riddle.</div></div><div class="item-list-element-wrapper" style="margin-left:0.25in;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:0.25in;text-align:justify;">(4)<div style="display:inline;">The Non-CEO NEOs included for 2024 and 2025 are: Judy C. Gavant and M. Dean Brown.</div></div> Mr. Beale Mr. Beale Mr. Beale Mr. Plum <table style="margin-left:auto;border-spacing:0;table-layout:auto;width:85.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:60.88%;box-sizing:content-box;"></td> <td style="width:19.64%;box-sizing:content-box;"></td> <td style="width:19.48%;box-sizing:content-box;"></td> </tr> <tr style="height:23.05pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> </td> <td colspan="2" style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> 2025</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> </td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">G. William Beale</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Average Non-CEO NEOs</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Total Compensation from Summary Compensation Table</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ 4,425,449</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ 2,144,589</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Adjustments for Equity Awards</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> </td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> </td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Fair value of equity awards granted during the fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ (3,398,400)</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ (1,628,400)</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Fair value of equity awards granted during the fiscal year – value at year-end</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 2,892,800</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 1,462,799</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 171,544</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ 53,503</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 25,518</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ 10,616</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Dividends paid on unvested shares/units/options that are not otherwise included in total compensation for the covered fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ -</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ -</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Fair value of equity compensation forfeited in current fiscal year determined at end of prior fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ -</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ -</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Total Adjustments for Equity Awards</td> <td style="border-top:1.5pt solid;padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ (308,538)</td> <td style="border-top:1.5pt solid;padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ (101,482)</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Compensation Actually Paid (as calculated) </td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 4,116,911</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 2,043,107</td> </tr> </table> <table style="margin-left:auto;border-spacing:0;table-layout:auto;width:85.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:60.88%;box-sizing:content-box;"></td> <td style="width:19.64%;box-sizing:content-box;"></td> <td style="width:19.48%;box-sizing:content-box;"></td> </tr> <tr style="height:23.05pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> </td> <td colspan="2" style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> 2025</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> </td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">G. William Beale</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Average Non-CEO NEOs</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Total Compensation from Summary Compensation Table</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ 4,425,449</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ 2,144,589</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Adjustments for Equity Awards</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> </td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> </td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Fair value of equity awards granted during the fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ (3,398,400)</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ (1,628,400)</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Fair value of equity awards granted during the fiscal year – value at year-end</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 2,892,800</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 1,462,799</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 171,544</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ 53,503</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 25,518</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ 10,616</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Dividends paid on unvested shares/units/options that are not otherwise included in total compensation for the covered fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ -</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">$ -</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> Fair value of equity compensation forfeited in current fiscal year determined at end of prior fiscal year</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ -</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:top;padding-bottom:0in;padding-right:0.075in;"> $ -</td> </tr> <tr style="height:25.9pt;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Total Adjustments for Equity Awards</td> <td style="border-top:1.5pt solid;padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ (308,538)</td> <td style="border-top:1.5pt solid;padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ (101,482)</td> </tr> <tr style="height:25.9pt;background-color:#cceeff;white-space:pre-wrap;word-break:break-word;text-align:left;"> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;">Compensation Actually Paid (as calculated) </td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 4,116,911</td> <td style="padding-top:0in;padding-left:0.075in;vertical-align:middle;padding-bottom:0in;padding-right:0.075in;"> $ 2,043,107</td> </tr> </table> 4425449 2144589 -3398400 -1628400 2892800 1462799 171544 53503 25518 10616 -308538 -101482 4116911 2043107 The following graphs show the CEO and Average Non-CEO NEOs compensation on a CAP basis relative to the Company’s cumulative TSR for the fiscal years 2025, 2024, and 2023: <img alt="img146669954_4.jpg" src="img146669954_4.jpg" style="width:574px;height:334px;"/> <img alt="img146669954_5.jpg" src="img146669954_5.jpg" style="width:573px;height:334px;"/>