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Equity Bancshares Executive Compensation (FY25)

EQBK · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 22, 2026
198 figures on this page: 192 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
Brad Elliott was paid $3,073,975 in total compensation as Chief Executive Officer and Chairman of the Board for fiscal 2025, and Elliott's total moved 3.9% higher from the $2,958,274 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 62:1, against median employee compensation of $49,763. The say-on-pay proposal drew 65.4% of votes cast including abstentions in favor at the meeting held April 21, 2026 for fiscal 2025. The disclosed peer group names Bridgewater Bancshares, Inc., Byline Bancorp, Inc., Capital Federal Financial, Inc., First Mid Bancshares, Inc. and FirstSun Capital Bancorp, among others.
Chief executive, fiscal 2025
◇
Brad Elliott
Latest say-on-pay support
=
April 21, 2026
Chief executive pay ratio
◇
To the median employee
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 — Brad Elliott: $2,958,274 → $3,073,975 (3.9% higher)
CEO pay ratio: 59:1 → 62:1 (5.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Equity Bancshares' chief executive and what were they paid?
Brad Elliott was paid $3,073,975 in total compensation as Chief Executive Officer and Chairman of the Board for fiscal 2025. Elliott's total moved 3.9% higher from the $2,958,274 reported for fiscal 2024.
What was Equity Bancshares' say-on-pay result?
The say-on-pay proposal drew 65.4% of votes cast including abstentions in favor at the meeting held April 21, 2026 for fiscal 2025.
Which companies are in Equity Bancshares' peer group?
The disclosed peer group names Bridgewater Bancshares, Inc., Byline Bancorp, Inc., Capital Federal Financial, Inc., First Mid Bancshares, Inc. and FirstSun Capital Bancorp, among others.
What is Equity Bancshares' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 62:1, against median employee compensation of $49,763.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brad Elliott
Chief Executive Officer and Chairman of the Board
◇—◇◇◇—◇◇
Richard Sems
Chief Executive Officer, Equity Bank
◇◇—◇◇—◇◇
Julie Huber
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Chris Navratil
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brad Elliott
Chief Executive Officer and Chairman of the Board
◇—◇◇◇—◇◇
Richard Sems
Chief Executive Officer, Equity Bank
◇—◇—◇—◇◇
Brett Reber
Executive Vice President, General Counsel
◇◇◇—◇—◇◇
Julie Huber
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Chris Navratil
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brad Elliott
Chief Executive Officer and Chairman of the Board
◇—◇◇◇—◇◇
Richard Sems
Chief Executive Officer, Equity Bank
◇—◇◇◇—◇◇
Gregory Kossover
Executive Vice President, Director
◇—◇—◇—◇◇
Chris Navratil
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Julie Huber
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
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
Equity BankOTHER◇——◇——◇
Gregory H. KossoverRSU◇——◇——◇
Fiscal 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
Chris NavratilRSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
Richard SemsOption◇—◇—
Option◇—◇—
Julie HuberRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Brad ElliottOption◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Gregory KossoverRSU◇◇——
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 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Shawn D. Penner
◇◇————◇
Kevin E. Cook
◇◇————◇
Gregory L. Gaeddert
◇◇————◇
James S. Loving
◇◇————◇
Leon H. Borck
◇◇————◇
R. Renee Koger
◇◇————◇
Junetta M. Everett
◇◇————◇
Benjamen M. Hutton
◇◇————◇
Jerry P. Maland
◇◇————◇
C. Kendric Fergeson
◇◇————◇
Lisa A. Schlehuber, Brad S. Elliott and Gregory H. Kossover 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◇
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 Rsus/Options.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Bridgewater Bancshares, Inc. BWB
  • Byline Bancorp, Inc. BY
  • Capital Federal Financial, Inc. CFFN
  • First Mid Bancshares, Inc. FMBH
  • FirstSun Capital Bancorp FSUN
  • Great Southern Bancorp, Inc. GSBC
  • Guaranty Bancshares, Inc. GNTY
  • HBT Financial, Inc. HBT
  • Hills Bancorporation HBIA
  • Midland States Bancorp, Inc. MSBI
  • MidWestOne Financial Group, Inc. MOFG
  • National Bank Holdings Corporation NBHC
  • Old Second Bancorp, Inc. OSBC
  • QCR Holdings, Inc. QCRH
  • South Plains Financial, Inc. SPFI
  • Southern Missouri Bancorp, Inc. SMBC
  • Southside Bancshares, Inc. SBSI
  • Third Coast Bancshares, Inc. TCBX
  • West Bancorporation, Inc. WTBA

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 21, 2026=◇◇◇
2024April 22, 2025=◇◇◇
2023April 23, 2024=◇◇◇
2022April 25, 2023=◇◇◇
2021April 26, 2022=◇◇◇
2020April 27, 2021=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Equity Bancshares disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Equity 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.
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.
Board Governance Report — $1,200
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.
Velarion Intelligence
Say-on-pay responsiveness
Equity Bancshares recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
Adviser 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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Whether Equity Bancshares' disclosed peer group is defensible, who names Equity Bancshares back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
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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.
198 figures on this page: 192 cited to the filing that reported them, 6 calculated from figures it prints.
192 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001193125-26-170555
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-103215
    CEO Pay Ratio · Compensation Tables · DIRECTOR COMPENSATION · Grants of Plan-Based Awards · and 1 more section
  3. 0000950170-25-058159
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-053583
    Compensation Tables
  5. 0000950170-24-047661
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-067333
    Compensation Tables · SUMMARY COMPENSATION TABLE · Summary Compensation Table
  7. 0000950170-23-015348
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001564590-22-016480
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001564590-21-022293
    Item 5.07 Submission of Matters to a Vote of Security Holders
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This page is free to cite. Attribution we ask for:
Velarion, “Equity Bancshares executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/EQBK (accessed 2026).
Short form: data: Velarion
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Banking rankings

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

Peers Equity Bancshares discloses

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

Bridgewater Bancshares, Inc.Byline Bancorp, Inc.Capital Federal Financial, Inc.First Mid Bancshares, Inc.FirstSun Capital BancorpGreat Southern Bancorp, Inc.HBT Financial, Inc.Hills BancorporationMidland States Bancorp, Inc.National Bank Holdings CorporationOld Second Bancorp, Inc.QCR Holdings, Inc.South Plains Financial, Inc.Southern Missouri Bancorp, Inc.Southside Bancshares, Inc.Third Coast Bancshares, Inc.West Bancorporation, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy