Citizens Financial Services Inc Executive Compensation (FY24)
FCCB · Executive and director compensation, fiscal 2023 to 2024
Chief executive, fiscal 2024 ◇ Randall Black |
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Data as of October 4, 2026Latest filing (DEF 14A): March 12, 2026
1 filing cited on this page
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42 figures on this page, cited to the filing that reported them. See the citations
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Randall Black: $1,259,325 → $1,399,597 (11.1% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Citizens Financial Services Inc's chief executive and what were they paid?
Randall Black was paid $1,399,597 in total compensation as CEO & President of the Company and Bank for fiscal 2024. Black's total was 11.1% higher than the $1,259,325 reported for fiscal 2023.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
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 | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
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 | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Jeffrey Wilson Senior Executive Vice President, Chief Credit 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.
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 |
|---|---|---|---|---|---|---|---|
Randall E. Black | — | — | — | — | — | — | ◇ |
David Z. Richards Jr | — | — | — | — | — | — | ◇ |
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 | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| 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.
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- Randall Black (CEO & President of the Company and Bank), FY2024 total compensation $1,399,597 (base salary $600,000) [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 Inc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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 — $1,500Board 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.
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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.
42 figures on this page, cited to the filing that reported them.
42 cited to the filing
Documents cited
- 0001140361-26-009104Director Compensation · Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Citizens Financial Services Inc executive compensation, FY2023–FY2024.” https://intel.velarion.ai/comp/FCCB (accessed 2026).
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The Citizens Financial Services Inc 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.
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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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}
}