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Civista Bancshares Executive Compensation (FY25)

CIVB · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Dennis Shaffer
Latest say-on-pay support
=
April 15, 2025
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (DEF 14A): April 7, 2026
14 filings cited on this page
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Civista Bancshares brief$1,500Get the executive brief
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290 figures on this page: 281 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Dennis Shaffer: $2,311,331 → $2,894,036 (25.2% higher)
CEO pay ratio: 36.6:1 → 43.8:1 (19.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Civista Bancshares' chief executive and what were they paid?
Dennis Shaffer, President and Chief Executive Officer, received $2,894,036 in total compensation for fiscal 2025. Shaffer's total was 25.2% higher than the $2,311,331 reported for fiscal 2024.
What was Civista Bancshares' say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.8% of votes cast including abstentions in favor at the meeting held April 15, 2025 for fiscal 2024.
Which companies are in Civista Bancshares' peer group?
Companies named in the disclosed peer group include Citizens Financial Services, Inc., City Holding Company, Farmers & Merchants Bancorp, Inc., Farmers National Banc Corp. and First Financial Corporation, among others.
What is Civista Bancshares' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 43.8:1, against median employee compensation of $66,067.

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
Dennis Shaffer
President and CEO
◇—◇—◇◇◇◇
Richard Dutton
Vice President
◇◇◇—◇◇◇◇
Charles Parcher
Vice President
◇—◇—◇◇◇◇
Paul Stark
Vice President
◇—◇—◇◇◇◇
Todd Michel
Sr. Vice President/Controller
◇—◇—◇◇◇◇†
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dennis Shaffer
President and CEO
◇—◇—◇◇◇◇
Richard Dutton
Sr. Vice President
◇◇◇—◇◇◇◇
Charles Parcher
Exec. Vice President
◇—◇—◇◇◇◇
Paul J. Stark
Sr. Vice President
◇—◇—◇◇◇◇
Lance Morrison
Vice President, Corporate Secretary and General Counsel
◇—◇—◇◇◇◇
Todd Michel
Sr. Vice President/Controller
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dennis Shaffer
President and CEO
◇—◇—◇◇◇◇
Richard Dutton
Senior Vice President
◇—◇—◇◇◇◇
Charles Parcher
Senior Vice President
◇—◇—◇◇◇◇
Lance Morrison
Senior Vice President, Corporate Secretary and General Counsel
◇—◇—◇◇◇◇
Todd Michel
Former Senior Vice President and Controller
Departed during or after this year
◇—◇——◇◇◇
Ian Whinnem
Senior Vice President, Treasurer and CFO
◇———◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dennis Shaffer
President and Chief Executive Officer
◇—◇—◇◇◇◇
Charles Parcher
Executive Vice President
◇—◇—◇◇◇◇
Richard Dutton
Senior Vice President
◇—◇—◇◇◇◇
Lance Morrison
Senior Vice President, Corporate Secretary and General Counsel
◇—◇—◇◇◇◇
Ian Whinnem
Senior Vice President, Chief Financial Officer and Treasurer
◇—◇—◇◇◇◇
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 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Charles A. ParcherRSA◇——◇——◇
Dennis G. ShafferRSA◇——◇——◇
Dennis G. ShafferRestricted Stock◇——◇——◇
Ian WhinnemRSA◇——◇——◇
Ian WhinnemRestricted Stock◇——◇——◇
Richard J. DuttonRSA◇——◇——◇
Richard J. DuttonRSA◇——◇——◇
Richard J. DuttonRestricted Stock◇——◇——◇
Richard J. DuttonRestricted Stock◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
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 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Lance MorrisonRSU◇◇——
RSU◇◇——
RSU◇◇——
Charles ParcherRSU◇◇——
RSU◇◇——
RSU◇◇——
Dennis ShafferRSU◇◇——
RSU◇◇——
RSU◇◇——
Richard DuttonRSU◇◇——
RSU◇◇——
RSU◇◇——
Ian WhinnemRSU◇◇——
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.
Charles Parcher
Executive Vice President · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Clawback◇
Dennis Shaffer
President and Chief Executive Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Ian Whinnem
Senior Vice President, Chief Financial Officer and Treasurer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Lance Morrison
Senior Vice President, Corporate Secretary and General Counsel · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Richard Dutton
Senior Vice President · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mary Patricia Oliver
Lead independent director
◇◇————◇
Julie A. Mattlin
◇◇————◇
Darci L. Congrove
◇◇————◇
Mark J. Macioce
◇◇————◇
Dennis E. Murray Jr
◇◇————◇
Nathan E. Weaks
◇◇————◇
Harry Singer
◇◇————◇
Lorina W. Wise
◇◇————◇
Gerald B. Wurm
◇◇————◇
Clyde A. Perfect Jr
◇◇————◇
Charles A. Parcher, James O. Miller and Dennis G. Shaffer served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
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 meeting fee◇
Committee meeting fee◇
Equity is delivered as Common Shares.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Citizens Financial Services, Inc. CZFS
  • City Holding Company CHCO
  • Farmers & Merchants Bancorp, Inc. FMAO
  • Farmers National Banc Corp. FMNB
  • First Financial Corporation THFF
  • German American Bancorp, Inc. GABC
  • HBT Financial, Inc. HBT
  • Independent Bank Corporation IBCP
  • LCNB Corp. LCNB
  • Mercantile Bank Corporation MBWM
  • Middlefield Banc Corp. MBCN
  • Penns Woods Bancorp, Inc. PWOD
  • Peoples Bancorp, Inc. PEBO
  • Richmond Mutual Bancorporation, Inc. RMBI
  • SB Financial Group, Inc. SBFG
  • Sterling Bancorp, Inc. SBT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024April 15, 2025=◇◇◇
2023April 16, 2024=◇◇◇
2022April 18, 2023=◇◇◇
2021April 19, 2022=◇◇◇
2020April 20, 2021=◇◇◇
2019April 21, 2020=◇◇◇
2018April 16, 2019=◇◇◇
2016April 18, 2017=◇◇◇
2015April 19, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Dennis Shaffer (President and Chief Executive Officer), FY2025 total compensation $2,894,036 (base salary $573,657) [exec_comp, SEC accession 0001193125-26-145510, filed 2026-04-07]

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What this page does not include

Everything above is a fact Civista Bancshares disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Civista Bancshares 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.
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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.
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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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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
290 figures on this page: 281 cited to the filing that reported them, 9 calculated from figures it prints.
281 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001193125-26-145510
    2025 COMPENSATION OF DIRECTORS · CEO Pay Ratio · Grants of Plan Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  2. 0000950170-25-054310
    Item 5.07 Submission of Matters to a Vote of Security Holders
  3. 0001193125-25-051096
    Summary Compensation Table for 2024
  4. 0001193125-24-099072
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001193125-24-067894
    Summary Compensation Table · Summary Compensation Table for 2023
  6. 0001193125-23-105782
  7. 0001193125-23-071302
  8. 0001193125-22-111103
  9. 0001193125-21-124696
  10. 0001193125-20-114358
  11. 0001193125-19-110035
  12. 0001193125-19-069126
    Employment Agreement
  13. 0001193125-17-134623
  14. 0001193125-16-549460
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “Civista Bancshares executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CIVB (accessed 2026).
Short form: data: Velarion

The Civista Bancshares 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.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
14 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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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Civista Bancshares discloses

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

Citizens Financial Services, Inc.City Holding CompanyFarmers & Merchants Bancorp, Inc.Farmers National Banc Corp.First Financial CorporationGerman American Bancorp, Inc.HBT Financial, Inc.Independent Bank CorporationLCNB Corp.Mercantile Bank CorporationMiddlefield Banc Corp.Penns Woods Bancorp, Inc.Peoples Bancorp, Inc.Richmond Mutual Bancorporation, Inc.SB Financial Group, Inc.Sterling Bancorp, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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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