First Guaranty Bancshares Executive Compensation (FY25)
FGBI · Executive and director compensation, fiscal 2024 to 2025
Chief executive, fiscal 2025 ◇ Michael Mineer | Latest say-on-pay support = May 21, 2026 |
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Data as of October 19, 2026Latest filing (8-K): May 22, 2026
8 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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55 figures on this page: 49 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
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 — Michael Mineer: $372,428 → $464,421 (24.7% higher)
Say-on-pay support: 99.7% → 99.4% (0.3 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is First Guaranty Bancshares' chief executive and what were they paid?
Michael Mineer was paid $464,421 in total compensation as President and Chief Executive Officer for fiscal 2025. Compared with the $372,428 reported for fiscal 2024, Mineer's total was 24.7% higher.
What was First Guaranty Bancshares' say-on-pay result?
The say-on-pay proposal drew 99.4% of votes cast for or against in favor at the meeting held May 21, 2026 for fiscal 2025.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Alton Lewis Former Vice Chairman, President and Chief Executive Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Michael Mineer President and Chief Executive Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Eric Dosch Chief Financial Officer, Treasurer, and Secretary | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Mineer President and Chief Executive Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Eric Dosch Chief Financial Officer, Treasurer, and Secretary | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
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 2023
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
William K. Hood Jr | ◇ | — | — | — | — | ◇ | ◇ |
Marshall T. Reynolds Board chair | ◇ | — | — | — | — | — | ◇ |
Jack Rossi | ◇ | — | — | — | — | ◇ | ◇ |
Edgar R. Smith III | ◇ | — | — | — | — | ◇ | ◇ |
Vanessa R. Drew and Alton B. Lewis Jr 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.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 21, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 15, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 16, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 18, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 19, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 20, 2021 | = | ◇ | ◇ | ◇ |
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- Michael Mineer (President and Chief Executive Officer), FY2025 total compensation $464,421 (base salary $413,333) [exec_comp, SEC accession 0001408534-26-000024, filed 2026-04-21]What this page does not include
Everything above is a fact First Guaranty Bancshares 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.
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.
55 figures on this page: 49 cited to the filing that reported them, 6 calculated from figures it prints.
49 cited to the filing
6 calculated from the filing
Documents cited
- 0001408534-26-0000499,983,166 62,387 1,706,055 b) An advisory, non-binding vote with respect to our executive compensation as described in the Proxy Statement.
- 0001408534-26-000024
- 0001408534-25-0000408,142,676 3,232 4,358,711 b) An advisory, non-binding vote with respect to our executive compensation as described in the Proxy Statement.
- 0001408534-24-000050Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001408534-24-000028
- 0001408534-23-000040Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001408534-22-000043Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001408534-21-000030Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “First Guaranty Bancshares executive compensation, FY2024–FY2025.” https://intel.velarion.ai/comp/FGBI (accessed 2026).
Short form: data: Velarion
The First Guaranty 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.
8 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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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}
}