Banking
National Bankshares Executive Compensation (FY25)
NKSH · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 13, 2026
189 figures on this page: 178 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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| David K. Skeens | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Lara E. Ramsey | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Lora M. Jones | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Paul M. Mylum | RSU | ◇ | — | — | ◇ | — | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Paul Mylum | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Lora Jones | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| David Skeens | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Lara Ramsey | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — |
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
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 12, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 13, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 14, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 9, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 10, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 11, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 12, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 14, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 8, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 9, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 10, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Chief executive total compensation
◇
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.
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 — $1,200Realizable 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.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
189 figures on this page: 178 cited to the filing that reported them, 11 calculated from figures it prints.
178 cited to the filing
11 calculated from the filing
Documents cited
- 0001193125-26-221753
- 0001193125-26-133527Director Compensation · EXECUTIVE COMPENSATION · Outstanding Equity Awards at Fiscal Year-End · THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE &
- 0000950170-25-072743
- 0000950170-25-047241
- 0001437749-24-017302
- 0001437749-24-009701
- 0001437749-23-013958
- 0001437749-22-012060
- 0001437749-21-011842
- 0001437749-20-010770
- 0001437749-19-010247
- 0001437749-18-009446
- 0001437749-17-008780
- 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
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about National Bankshares and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Terms on this page
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}
}