Banking
Citizens Financial Services Executive Compensation (FY25)
CZFS · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Randall Black | Latest say-on-pay support = April 21, 2026 |
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Data as of October 18, 2026Latest filing (8-K): April 22, 2026
9 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
Velarion Member, one year
162 figures on this page: 157 cited to the filing that reported them, 5 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 — Randall Black: $853,606 → $1,212,643 (42.1% higher)
Say-on-pay support: 88.8% → 82.6% (6.2 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Citizens Financial Services' chief executive and what were they paid?
Total compensation for Randall Black, CEO & President of the Company and Bank, came to $1,212,643 in fiscal 2025. Black's total moved 42.1% higher from the $853,606 reported for fiscal 2024.
What was Citizens Financial Services' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 82.6% of votes cast for or against in favor at the meeting held April 21, 2026.
Which companies are in Citizens Financial Services' peer group?
The disclosed peer group includes ACNB Corporation, Arrow Financial Corporation, Chemung Financial Corporation, Citizens & Northern Corporation and ENB Financial Corp., among others.
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 |
|---|---|---|---|---|---|---|---|---|
Randall Black CEO & President of the Company and Bank | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Mickey Jones Executive Vice President, Chief Operating Officer, Treasurer of the Company and Bank | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Stephen Guillaume Senior Vice President, Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Randall Black CEO & President of the Company and Bank | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Mickey Jones Senior Executive Vice President, Chief Operating Officer, Treasurer of the Company and Bank | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
David Richards Senior Executive Vice President, Director of Emerging Markets | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Randall Black CEO & President of the Company and Bank | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
David Richards Senior Executive Vice President, Director of Emerging Markets | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Mickey Jones Senior Executive Vice President, Chief Operating Officer, Treasurer of the Company and Bank | ◇ | ◇ | — | — | — | ◇ | ◇ | ◇ |
Jeffrey Wilson Senior Executive Vice President, Chief Credit Officer | ◇ | ◇ | — | — | — | ◇ | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Randall Black CEO & President of the Company and Bank | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
David Richards Senior Executive Vice President, Director of Emerging Markets | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Jeffrey Wilson Senior Executive Vice President, Chief Credit Officer | ◇ | ◇ | — | — | — | ◇ | ◇ | ◇ |
Jeffrey White Executive Vice President, Chief Operating Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Stephen Guillaume Executive Vice President, Chief Financial Officer, Treasurer of the Company and 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 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Randall E. Black | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Randall E. Black | PSU | ◇ | — | — | — | ◇ | — | ◇ |
| Stephen J. Guillaume | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022 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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Stephen Guillaume | RSU | ◇ | ◇ | — | — |
| Jeffrey White | RSU | ◇ | ◇ | — | — |
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.
Randall Black
CEO & President of the Company and Bank · Employment agreement
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control multiple | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
R. Joseph Landy Board chair | ◇ | ◇ | — | — | — | ◇ | ◇ |
Terry B. Osborne | ◇ | ◇ | — | — | — | ◇ | ◇ |
Robert W. Chappell | ◇ | ◇ | — | — | — | ◇ | ◇ |
Rinaldo A. DePaola | ◇ | ◇ | — | — | — | ◇ | ◇ |
Thomas E. Freeman | ◇ | ◇ | — | — | — | ◇ | ◇ |
Roger C. Graham Jr | ◇ | ◇ | — | — | — | ◇ | ◇ |
John P. Painter II | ◇ | ◇ | — | — | — | ◇ | ◇ |
Christopher W. Kunes | ◇ | ◇ | — | — | — | ◇ | ◇ |
Janie M. Hilfiger | ◇ | ◇ | — | — | — | ◇ | ◇ |
Mickey L. Jones | ◇ | ◇ | — | — | — | ◇ | ◇ |
Joseph B. Bower Jr, David Z. Richards Jr and Randall E. Black 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 cash retainer | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Equity is delivered as Stock.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- ACNB Corporation ACNB
- Arrow Financial Corporation AROW
- Chemung Financial Corporation CHMG
- Citizens & Northern Corporation CZNC
- ENB Financial Corp. ENBP
- Fidelity D & D Bancorp, Inc. FDBC
- First Bank symbol not shown
- Franklin Financial Services Corporation FRAF
- Meridian Corporation MRBK
- Norwood Financial Corp. NWFL
- Orrstown Financial Services, Inc. ORRF
- Peoples Financial Services Corp. PFIS
- Ponce Financial Group, Inc. PDLB
- QNB Corp. QNBC
- Unity Bancorp, Inc. UNTY
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 21, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 15, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 16, 2024 | = | ◇ | ◇ | ◇ |
| 2020 | April 20, 2021 | = | ◇ | ◇ | ◇ |
| 2017 | April 17, 2018 | = | ◇ | ◇ | ◇ |
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Sample answer — “What is the CEO’s total compensation?”
- Randall Black (CEO & President of the Company and Bank), FY2025 total compensation $1,212,643 (base salary $675,000) [exec_comp, SEC accession 0001140361-26-009104, filed 2026-03-12]What this page does not include
Everything above is a fact Citizens Financial Services disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Citizens Financial Services 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.
162 figures on this page: 157 cited to the filing that reported them, 5 calculated from figures it prints.
157 cited to the filing
5 calculated from the filing
Documents cited
- 0000739421-26-000024Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-26-009104Director Compensation · Grants of Plan-Based Awards During 2025 · Outstanding Equity Awards at December 31, 2025 · Proxy severance section · and 1 more section
- 0000739421-25-000038Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000739421-25-000019Summary Compensation Table
- 0000739421-24-000025
- 0000739421-24-000011Summary Compensation Table
- 0000739421-23-000011
- 0000739421-21-000017
- 0000739421-18-000023
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This page is free to cite. Attribution we ask for:
Velarion, “Citizens Financial Services executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CZFS (accessed 2026).
Short form: data: Velarion
The Citizens Financial Services 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.
9 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 Citizens Financial Services discloses
The companies named in CZFS's own disclosed peer group.
ACNB CorporationArrow Financial CorporationChemung Financial CorporationCitizens & Northern CorporationENB Financial Corp.Fidelity D & D Bancorp, Inc.Franklin Financial Services CorporationMeridian CorporationNorwood Financial Corp.Orrstown Financial Services, Inc.Peoples Financial Services Corp.Ponce Financial Group, Inc.QNB Corp.Unity Bancorp, Inc.
Terms on this page
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}
}