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Crossfirst Bankshares Executive Compensation (FY23)

CFB · Executive and director compensation, fiscal 2022 to 2023
Chief executive, fiscal 2023
◇
Michael Maddox
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Data as of October 4, 2026Latest filing (DEF 14A): March 26, 2024
1 filing cited on this page
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97 figures on this page, cited to the filing that reported them. See the citations

More on Crossfirst Bankshares

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2022 to fiscal 2023
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michael Maddox: $1,636,171 → $1,924,315 (17.6% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Crossfirst Bankshares' chief executive and what were they paid?
Michael Maddox, President & CEO, received $1,924,315 in total compensation for fiscal 2023. Compared with the $1,636,171 reported for fiscal 2022, Maddox's total was 17.6% higher.
Which companies are in Crossfirst Bankshares' peer group?
The disclosed peer group names 1st Source Corporation, Byline Bancorp, Inc., Enterprise Financial Services Corp., Equity Bancshares, Inc. and First Busey Corporation, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Maddox
President & CEO
◇—◇—◇—◇◇
W. Randall Rapp
President, CrossFirst Bank
◇◇◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Maddox
President & CEO
◇—◇—◇—◇◇
Benjamin Clouse
Chief Financial Officer
◇—◇—◇—◇◇
W. Randall Rapp
President, CrossFirst 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 2023
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Benjamin ClouseOTHER——————◇
Michael MaddoxOTHER——————◇
W. Randall RappOTHER——————◇
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 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
W. Randall RappPSU◇◇——
Option◇—◇—
RSU◇◇——
Benjamin ClousePSU◇◇——
RSU◇◇——
Michael MaddoxPSU◇◇——
RSU◇◇——
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
W. Randall Rapp
President, CrossFirst Bank · Employment agreement
Severance multiple◇
Severance base◇

Director compensation

What each non-employee director was paid.
Fiscal 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Rodney K. Brenneman
◇◇————◇
Lance A. Humphreys
◇◇————◇
Michael K. Robinson
◇◇————◇
Kevin S. Rauckman
◇◇————◇
Ronald C. Geist
◇◇————◇
Stephen K. Swinson
◇◇————◇
Steven W. Caple
◇◇————◇
Jennifer M. Grigsby
◇◇————◇
Mason D. King
◇◇————◇
Grey Stogner
◇◇————◇
George E. Hansen III
◇◇————◇
James W. Kuykendall
◇◇————◇
George C. Bruce
◇◇————◇
Michael J. Maddox served on the board in fiscal 2023 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 cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2023
  • 1st Source Corporation SRCE
  • Byline Bancorp, Inc. BY
  • Enterprise Financial Services Corp. EFSC
  • Equity Bancshares, Inc. EQBK
  • First Busey Corporation BUSE
  • First Financial Corporation THFF
  • First Foundation, Inc. FFWM
  • Mercantile Bank Corporation MBWM
  • National Bank Holdings Corporation NBHC
  • Nicolet Bankshares, Inc. NIC
  • Old Second Bancorp, Inc. OSBC
  • Origin Bancorp, Inc. OBK
  • QCR Holdings, Inc. QCRH
  • Stellar Bancorp, Inc. STEL
  • Stock Yards Bancorp, Inc. SYBT
  • Triumph Bancorp, Inc. TBK
  • Veritex Holdings, Inc. VBTX

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Sample answer — “What is the CEO’s total compensation?”
- Michael Maddox (President & CEO), FY2023 total compensation $1,924,315 (base salary $712,500) [exec_comp, SEC accession 0001558370-24-003893, filed 2024-03-26]

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What this page does not include

Everything above is a fact Crossfirst Bankshares disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Crossfirst 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 — $1,500
Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable 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.
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Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
97 figures on this page, cited to the filing that reported them.
97 cited to the filing

Documents cited

  1. 0001558370-24-003893
    2023 Summary Compensation Table · COMPENSATION COMMITTEE · Director Compensation · Outstanding Equity Awards at 2023 Fiscal Year-End · and 1 more section
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This page is free to cite. Attribution we ask for:
Velarion, “Crossfirst Bankshares executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/CFB (accessed 2026).
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The paid brief for Crossfirst Bankshares

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
1 filing 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 Crossfirst Bankshares discloses

The companies named in CFB's own disclosed peer group.

1st Source CorporationByline Bancorp, Inc.Enterprise Financial Services Corp.Equity Bancshares, Inc.First Busey CorporationFirst Financial CorporationFirst Foundation, Inc.Mercantile Bank CorporationNational Bank Holdings CorporationNicolet Bankshares, Inc.Old Second Bancorp, Inc.Origin Bancorp, Inc.QCR Holdings, Inc.Stellar Bancorp, Inc.Stock Yards Bancorp, Inc.Veritex Holdings, Inc.

Terms on this page

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Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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