American National Bankshares Executive Compensation (FY22)
AMNB · Executive and director compensation, fiscal 2022 only
Chief executive, fiscal 2022 ◇ Jeffrey Haley | Latest say-on-pay support = May 16, 2023 | Chief executive pay ratio ◇ To the median employee |
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Data as of October 17, 2026Latest filing (8-K): May 19, 2023
8 filings cited on this page
Method: intel.velarion.ai/methodology
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114 figures on this page: 107 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Frequently asked questions
Answers drawn from the data on this page.
Who is American National Bankshares' chief executive and what were they paid?
Jeffrey Haley, President and Chief Executive Officer of the Company and the Bank, received $1,082,098 in total compensation for fiscal 2022.
What was American National Bankshares' say-on-pay result?
The say-on-pay proposal drew 88.1% of votes cast for or against in favor at the meeting held May 16, 2023 for fiscal 2022.
Which companies are in American National Bankshares' peer group?
The disclosed peer group names C&F Financial Corporation, Capstar Financial Holdings Inc., City Holding Co., CNB Financial Corp. and Codorus Valley Bancorp Inc., among others.
What is American National Bankshares' chief executive pay ratio?
The company reported a chief executive pay ratio of 19:1 for fiscal 2022, against median employee compensation of $58,400.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jeffrey Haley President and Chief Executive Officer of the Company and the Bank | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Jeffrey Farrar Senior Executive Vice President and Chief Operating and Chief Financial Officer of the Company and the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Edward Martin Senior Executive Vice President and Chief Administrative Officer of the Company and the Bank and President of Virginia Banking | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Rhonda Joyce Executive Vice President and Co-Head of Banking - Commercial of the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Alexander Jung Executive Vice President and Co-Head of Banking - Consumer and Financial Services of the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2022
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Alexander Jung | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Edward C. Martin | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jeffrey V. Haley | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jeffrey W. Farrar | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Rhonda P. Joyce | RSU | ◇ | — | — | ◇ | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2022 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Jeffrey Haley | RSU | ◇ | ◇ | — | — |
| Jeffrey Farrar | RSU | ◇ | ◇ | — | — |
| Edward Martin | RSU | ◇ | ◇ | — | — |
| Rhonda Joyce | RSU | ◇ | ◇ | — | — |
| Alexander Jung | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2022
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Charles H. Majors Board chair | ◇ | — | — | — | — | — | ◇ |
Michael P. Haley | — | ◇ | — | — | — | — | ◇ |
Joel R. Shepherd | — | ◇ | — | — | — | — | ◇ |
Ronda M. Penn | — | ◇ | — | — | — | — | ◇ |
F. D. Hornaday III | — | ◇ | — | — | — | — | ◇ |
Tammy Moss Finley | — | ◇ | — | — | — | — | ◇ |
Dan M. Pleasant | — | ◇ | — | — | — | — | ◇ |
John H. Love | — | ◇ | — | — | — | — | ◇ |
Nancy Howell Agee | — | ◇ | — | — | — | — | ◇ |
Charles S. Harris | ◇ | ◇ | — | — | — | — | ◇ |
Susan K. Still | — | ◇ | — | — | — | — | ◇ |
J. Nathan Duggins III | — | ◇ | — | — | — | — | ◇ |
William J. Farrell II | — | ◇ | — | — | — | — | ◇ |
Jeffrey V. Haley served on the board in fiscal 2022 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2022
- C&F Financial Corporation CFFI
- Capstar Financial Holdings Inc. CSTR
- City Holding Co. CHCO
- CNB Financial Corp. CCNE
- Codorus Valley Bancorp Inc. CVLY
- Community Trust Bancorp, Inc. CTBI
- First Community Bancshares, Inc. FCBC
- HomeTrust Bancshares Inc. HTBI
- MetroCity Bankshares Inc. MCBS
- Mid Penn Bancorp Inc. MPB
- Orrstown Financial Services ORRF
- Peoples Bancorp Inc. PEBO
- Primis Financial Corp. FRST
- SmartFinancial Inc. SMBK
- Southern First Bancshares, Inc. SFST
- Stock Yards Bancorp, Inc. SYBT
- Summit Financial Group Inc. SMMF
- The Community Financial Corporation TCFC
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2022 | May 16, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 17, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 18, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 19, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 21, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 15, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 16, 2017 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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Sample answer — “What is the CEO’s total compensation?”
- Jeffrey Haley (President and Chief Executive Officer of the Company and the Bank), FY2022 total compensation $1,082,098 (base salary $574,520) [exec_comp, SEC accession 0001437749-23-009591, filed 2023-04-06]What this page does not include
Everything above is a fact American National Bankshares disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where American National Bankshares sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
114 figures on this page: 107 cited to the filing that reported them, 7 calculated from figures it prints.
107 cited to the filing
7 calculated from the filing
Documents cited
- 0001437749-23-015165Proposal 3: Approval of Executive Compensation as Disclosed in the Proxy Statement Votes For Votes Against Abstentions Broker Non-Votes Votes Uncast
- 0001437749-23-009591Grants of Plan-Based Awards in 2022
- 0001437749-22-013179Proposal 3: Approval of Executive Compensation as Disclosed in the Proxy Statement Votes For Votes Against Abstentions Broker Non-Votes Votes Uncast
- 0001437749-21-013039Proposal 3 : Approval of Executive Compensation as Disclosed in the Proxy Statement Votes For Votes Against Abstentions Broker Non-Votes Votes Uncast
- 0001437749-20-011563Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000741516-19-000028
- 0000741516-18-000023
- 0000741516-17-000020
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Velarion, “American National Bankshares executive compensation, FY2022.” https://intel.velarion.ai/comp/AMNB (accessed 2026).
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The American National Bankshares brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
8 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers American National Bankshares discloses
The companies named in AMNB's own disclosed peer group.
C&F Financial CorporationCapstar Financial Holdings Inc.City Holding Co.CNB Financial Corp.Codorus Valley Bancorp Inc.Community Trust Bancorp, Inc.First Community Bancshares, Inc.HomeTrust Bancshares Inc.MetroCity Bankshares Inc.Mid Penn Bancorp Inc.Orrstown Financial ServicesPeoples Bancorp Inc.Primis Financial Corp.SmartFinancial Inc.Southern First Bancshares, Inc.Stock Yards Bancorp, Inc.Summit Financial Group Inc.
Terms on this page
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}