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Meridian Executive Compensation (FY25)

MRBK · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Christopher Annas
Latest say-on-pay support
=
May 28, 2026
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Data as of October 22, 2026Latest filing (8-K): May 29, 2026
8 filings cited on this page
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Published by Velarion Company Intelligence
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115 figures on this page: 111 cited to the filing that reported them, 4 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 — Christopher Annas: $1,364,062 → $1,677,997 (23.0% higher)
Say-on-pay support: 88.1% → 98.3% (10.2 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Meridian's chief executive and what were they paid?
Christopher Annas, Chairman, President and Chief Executive Officer, received $1,677,997 in total compensation for fiscal 2025. Compared with the $1,364,062 reported for fiscal 2024, Annas' total was 23.0% higher.
What was Meridian's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 98.3% of votes cast for or against in favor at the meeting held May 28, 2026.

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
Christopher Annas
Chairman, President and Chief Executive Officer
◇◇◇◇——◇— not reconciled
Denise Lindsay
Executive Vice President and Chief Financial Officer
◇◇◇◇——◇— not reconciled
Charlie Kochka
Chief Lending Officer and EVP
◇◇—◇——◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Annas
Chairman, President and Chief Executive Officer
◇◇◇◇——◇— not reconciled
Denise Lindsay
Executive Vice President and Chief Financial Officer
◇◇◇◇——◇— not reconciled
Charlie Kochka
Chief Lending Officer and EVP
◇◇————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Annas
Chairman, President and Chief Executive Officer
◇◇◇———◇◇
Denise Lindsay
Executive Vice President and Chief Financial Officer
◇◇◇———◇◇
Clarence Martindell
Executive Vice President, Commercial Real Estate Lending
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Annas
Chairman, President and Chief Executive Officer
◇◇◇———◇◇
Denise Lindsay
Executive Vice President and Chief Financial Officer
◇◇◇———◇◇
Clarence Martindell
Executive Vice President, Commercial Real Estate Lending
◇◇◇———◇◇
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
Christopher AnnasOTHER——————◇
Clarence MartindellOTHER——————◇
Denise LindsayOTHER——————◇
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
Clarence MartindellOption◇—◇—
Option◇—◇—
Option◇—◇—
Christopher AnnasOption◇—◇—
Option◇—◇—
Option◇—◇—
Denise LindsayOption◇—◇—
Option◇—◇—
Option◇—◇—
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.
Christopher Annas
Chairman, President and Chief Executive Officer · Employment agreement
Severance multiple◇
Change-in-control multiple◇
Denise Lindsay
Executive Vice President and Chief Financial Officer · Employment agreement
Severance multiple◇
Change-in-control multiple◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert T. Holland
Lead independent director
◇——————
George C. Collier
◇——————
Christine M. Helmig
◇——————
Robert M. Casciato
◇——————
Anthony M. Imbesi
◇——————
Edward J. Hollin
◇——————
Christopher J. Annas and Denise Lindsay 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◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

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.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 28, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 21, 2024=◇◇◇
2022May 25, 2023=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Christopher Annas (Chairman, President and Chief Executive Officer), FY2025 total compensation $1,677,997 (base salary $622,000) [exec_comp, SEC accession 0001750735-26-000027, filed 2026-04-06]

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What this page does not include

Everything above is a fact Meridian 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 — $1,500
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.
115 figures on this page: 111 cited to the filing that reported them, 4 calculated from figures it prints.
111 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001750735-26-000053
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001750735-26-000027
    Director Compensation · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END TABLE · Proxy severance section · SUMMARY COMPENSATION TABLE
  3. 0001750735-25-000047
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001750735-25-000017
    SUMMARY COMPENSATION TABLE
  5. 0001750735-24-000049
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-043523
    SUMMARY COMPENSATION TABLE
  7. 0001750735-23-000060
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001750735-26-000018
    Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Meridian executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MRBK (accessed 2026).
Short form: data: Velarion

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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}
}
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