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National Bankshares Executive Compensation (FY25)

NKSH · Executive and director compensation, fiscal 2023 to 2025
Chief executive, fiscal 2025
◇
Lara Ramsey
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 21, 2026Latest filing (8-K): May 13, 2026
14 filings cited on this page
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191 figures on this page: 180 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Total compensation for Lara Ramsey, President and Chief Executive Officer, came to $562,269 in fiscal 2025, and Ramsey's total was 97.3% higher than the $284,935 reported for fiscal 2024. For fiscal 2025, the company reported a chief executive pay ratio of 25:1. The say-on-pay proposal drew 89.8% of votes cast for or against in favor at the meeting held May 12, 2026 for fiscal 2025. The company reported 5 named executive officers for fiscal 2025.
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 — Lara Ramsey: $284,935 → $562,269 (97.3% higher)
Say-on-pay support: 88.8% → 89.8% (1.0 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is National Bankshares' chief executive and what were they paid?
Total compensation for Lara Ramsey, President and Chief Executive Officer, came to $562,269 in fiscal 2025. Ramsey's total was 97.3% higher than the $284,935 reported for fiscal 2024.
What was National Bankshares' say-on-pay result?
The say-on-pay proposal drew 89.8% of votes cast for or against in favor at the meeting held May 12, 2026 for fiscal 2025.
What is National Bankshares' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 25:1.

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
F. Brad Denardo
Chairman - Company / Bank, Former President & CEO
◇————◇◇◇
Paul Mylum
Executive Vice President / Chief Lending Officer - Company / Bank
◇————◇◇◇
David Skeens
Executive Vice President / Chief Risk Officer - Company / Bank
◇————◇◇◇
Lara Ramsey
President & CEO - Company / Bank
◇————◇◇◇
Lora Jones
Executive Vice President / CFO & Treasurer - Company / CFO & Cashier - Bank
◇————◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
F. Brad Denardo
Chairman - Company / Bank, Former President & CEO
◇———◇◇◇◇
Paul Mylum
Executive Vice President / Chief Lending Officer - Company / Bank
◇———◇◇◇◇
Lara Ramsey
President & CEO - Company / Bank
◇———◇◇◇◇
David Skeens
Executive Vice President / Chief Risk Officer - Company / Bank
◇———◇◇◇◇
Lora Jones
Executive Vice President / CFO & Treasurer - Company / CFO & Cashier - Bank
◇———◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
F. Brad Denardo
Chairman; Retired President and Chief Executive Officer as of June 30, 2025
Departed during or after this year
◇————◇◇◇
Lara Ramsey
President and Chief Executive Officer
◇—◇—◇◇◇◇
Paul Mylum
Executive Vice President / Chief Lending Officer
◇—◇—◇◇◇◇
David Skeens
Executive Vice President / Chief Risk Officer
◇—◇—◇◇◇◇
Lora Jones
Executive Vice President, Treasurer 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
David K. SkeensRSU◇——◇——◇
Lara E. RamseyRSU◇——◇——◇
Lora M. JonesRSU◇——◇——◇
Paul M. MylumRSU◇——◇——◇
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
Paul MylumPSU◇◇——
RSU◇◇——
Lora JonesRSU◇◇——
PSU◇◇——
David SkeensPSU◇◇——
RSU◇◇——
Lara RamseyRSU◇◇——
PSU◇◇——
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.
Lara Ramsey
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Lora Jones
Executive Vice President, Treasurer and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
F. Brad Denardo
Board chair
◇◇———◇◇
John E. Dooley
◇◇————◇
Lawrence J. Ball
◇◇————◇
Norman V. Fitzwater, III
◇◇————◇
Mary G. Miller
◇◇————◇
Alan J. Sweet
◇◇————◇
Mildred R. Johnson
◇◇————◇
Lutheria H. Smith
◇◇————◇
Charles E. Green, III
Lead independent director
◇◇————◇
Michael E. Dye
◇◇————◇
Glenn P. Reynolds
◇◇————◇
James C. Thompson
◇◇————◇
Lara E. Ramsey 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.
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 meeting fee◇
Committee meeting fee◇
Equity is delivered as Restricted Stock.
Stock ownership guideline: 4x annual retainer

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 12, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 14, 2024=◇◇◇
2022May 9, 2023=◇◇◇
2021May 10, 2022=◇◇◇
2020May 11, 2021=◇◇◇
2019May 12, 2020=◇◇◇
2018May 14, 2019=◇◇◇
2017May 8, 2018=◇◇◇
2016May 9, 2017=◇◇◇
2015May 10, 2016=◇◇◇

Chief executive pay ratio

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

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Sample answer — “What is the CEO’s total compensation?”
- Lara Ramsey (President and Chief Executive Officer), FY2025 total compensation $562,269 (base salary $273,492) [exec_comp, SEC accession 0001193125-26-133527, filed 2026-03-31]

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What this page does not include

Everything above is a fact National Bankshares disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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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.
191 figures on this page: 180 cited to the filing that reported them, 11 calculated from figures it prints.
180 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-221753
  2. 0001193125-26-133527
    Compensation Discussion and Analysis · Director Compensation · EXECUTIVE COMPENSATION · Outstanding Equity Awards at Fiscal Year-End · and 2 more sections
  3. 0000950170-25-072743
  4. 0000950170-25-047241
  5. 0001437749-24-017302
  6. 0001437749-24-009701
  7. 0001437749-23-013958
  8. 0001437749-22-012060
  9. 0001437749-21-011842
  10. 0001437749-20-010770
  11. 0001437749-19-010247
  12. 0001437749-18-009446
  13. 0001437749-17-008780
  14. 0001437749-16-031677
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “National Bankshares executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/NKSH (accessed 2026).
Short form: data: Velarion

The National Bankshares 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.
Get the executive briefGet the board briefNo account needed.
14 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

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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