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LCNB Corp Executive Compensation (FY25)

LCNB · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Eric Meilstrup
Latest say-on-pay support
=
April 27, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): April 30, 2026
12 filings cited on this page
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250 figures on this page: 242 cited to the filing that reported them, 8 calculated from figures it prints. See the citations

More on LCNB Corp

Five data products on this company. Each one is requested through the developer setup page.
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 — Eric Meilstrup: $598,689 → $892,855 (49.1% higher)
Say-on-pay support: 90.4% → 94.5% (4.1 points higher)
CEO pay ratio: 12.8:1 → 14.9:1 (17.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is LCNB Corp's chief executive and what were they paid?
Eric Meilstrup, Chief Executive Officer, Director, received $892,855 in total compensation for fiscal 2025. Meilstrup's total was 49.1% higher than the $598,689 reported for fiscal 2024.
What was LCNB Corp's say-on-pay result?
The say-on-pay proposal drew 94.5% of votes cast for or against in favor at the meeting held April 27, 2026 for fiscal 2025.
Which companies are in LCNB Corp's peer group?
Companies named in the disclosed peer group include ACNB Corporation, CF Bankshares Inc., ChoiceOne Financial Services, Inc., Citizens & Northern Corporation and Citizens Financial Services, Inc., among others.
What is LCNB Corp's chief executive pay ratio?
The company reported a chief executive pay ratio of 14.9:1 for fiscal 2025, against median employee compensation of $59,743.

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
Eric Meilstrup
President and Chief Executive Officer
◇—◇—◇◇◇◇
Robert Haines
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Michael Miller
Executive Vice President and Trust Officer
◇—◇—◇◇◇◇
Mathew Layer
Executive Vice Presiden and Chief Lending Officert
◇—◇—◇◇◇◇
Bradley Ruppert
Executive Vice President, Trust Officer, Chief Investment Officer
◇—◇—◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eric Meilstrup
Chief Executive Officer, Director
◇—◇—◇◇◇◇
Mathew Layer
Executive Vice President and Chief Lending Officer
◇—◇—◇◇◇◇
Robert Haines
President
◇—◇—◇◇◇◇
Bradley Ruppert
Executive Vice President and Chief Investment Officer
◇—◇—◇◇◇◇
Michael Miller
Executive Vice President and Trust Officer
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eric Meilstrup
Chief Executive Officer, Director
◇—◇——◇◇◇
Robert Haines
President
◇—◇—◇◇◇◇
Michael Miller
Executive Vice President and Trust Officer
◇—◇—◇◇◇◇
Bradley Ruppert
Executive Vice President and Chief Investment Officer
◇—◇—◇◇◇◇
Lawrence Mulligan Jr.
Executive Vice President and Chief Operating Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eric Meilstrup
Chief Executive Officer, Director
◇—◇—◇◇◇◇
Robert Haines
President
◇—◇—◇◇◇◇
Bradley Ruppert
Executive Vice President and Chief Investment Officer
◇—◇—◇◇◇— not reconciled
Michael Miller
Executive Vice President and Trust Officer
◇—◇—◇◇◇◇
Andrew Wallace
Executive Vice President and Chief Financial 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
Andrew WallaceRSU◇——◇——◇
Bradley A. RuppertRSU◇——◇——◇
Eric J. MeilstrupRSU◇——◇——◇
Michael R. MillerRSU◇——◇——◇
Robert HainesRSU◇——◇——◇
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Eric MeilstrupRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Robert HainesRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Michael MillerRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Bradley RuppertRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Andrew WallaceRSU◇◇——
RSU◇◇——
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
Spencer S. Cropper
Board chair
◇◇————◇
Mary E. Bradford
◇◇————◇
Craig M. Johnson
◇◇————◇
Anne E. Krehbiel
◇◇————◇
Steve P. Foster
◇◇————◇
William G. Huddle
◇◇————◇
Takeitha W. Lawson
◇◇————◇
Michael J. Johrendt
◇◇————◇
Stephen P. Wilson
◇◇————◇
Robert A. Bedinghaus
◇◇————◇
William H. Kaufman
◇◇————◇
Robert C. Haines II and Eric J. Meilstrup 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◇
Audit committee member◇
Compensation committee member◇

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
  • CF Bankshares Inc. CFBK
  • ChoiceOne Financial Services, Inc. COFS
  • Citizens & Northern Corporation CZNC
  • Citizens Financial Services, Inc. CZFS
  • Civista Bancshares, Inc. CIVB
  • Farmers & Merchants Bancorp, Inc. FMAO
  • Farmers National Banc Corp. FMNB
  • Fidelity D & D Bancorp, Inc. FDBC
  • First Savings Financial Group, Inc. FSFG
  • Independent Bank Corporation IBCP
  • Isabella Bank Corporation ISBA
  • LINKBANCORP, Inc. LNKB
  • Meridian Corporation MRBK
  • Middlefield Banc Corp. MBCN
  • Norwood Financial Corp. NWFL
  • Penn Woods Bancorp, Inc. PWOD
  • Peoples Financial Services Corp. PFIS
  • SB Financial Group, Inc. SBFG

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 27, 2026=◇◇◇
2024May 19, 2025=◇◇◇
2023April 22, 2024=◇◇◇
2022April 24, 2023=◇◇◇
2021April 26, 2022=◇◇◇
2020April 20, 2021=◇◇◇
2019April 21, 2020=◇◇◇
2016April 25, 2017=◇—◇

Chief executive pay ratio

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

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Sample answer — “What is the CEO’s total compensation?”
- Eric Meilstrup (Chief Executive Officer, Director), FY2025 total compensation $892,855 (base salary $500,000) [exec_comp, SEC accession 0001437749-26-007964, filed 2026-03-12]

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What this page does not include

Everything above is a fact LCNB Corp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where LCNB Corp 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 — $499
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.
250 figures on this page: 242 cited to the filing that reported them, 8 calculated from figures it prints.
242 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001437749-26-013999
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001437749-26-007964
    BOARD OF DIRECTORS MEETINGS, COMMITTEES, AND COMPENSATION & · SUMMARY COMPENSATION TABLE
  3. 0001437749-25-018062
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  4. 0001437749-25-012537
    SUMMARY COMPENSATION TABLE
  5. 0001074902-24-000071
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001074902-24-000063
  7. 0001074902-23-000055
  8. 0001074902-23-000050
  9. 0001074902-22-000070
  10. 0001074902-21-000053
  11. 0001074902-20-000043
  12. 0000906318-17-000032
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “LCNB Corp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LCNB (accessed 2026).
Short form: data: Velarion

The paid brief for LCNB Corp

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
12 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 LCNB Corp discloses

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

ACNB CorporationCF Bankshares Inc.ChoiceOne Financial Services, Inc.Citizens & Northern CorporationCitizens Financial Services, Inc.Civista Bancshares, Inc.Farmers & Merchants Bancorp, Inc.Farmers National Banc Corp.Fidelity D & D Bancorp, Inc.First Savings Financial Group, Inc.Independent Bank CorporationIsabella Bank CorporationLINKBANCORP, Inc.Meridian CorporationMiddlefield Banc Corp.Norwood Financial Corp.Penn Woods Bancorp, Inc.Peoples Financial Services Corp.SB Financial Group, 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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