V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough

Old Point Financial Executive Compensation (FY23)

OPOF · Executive and director compensation, fiscal 2022 to 2023
Chief executive, fiscal 2023
◇
Robert Shuford Jr.
Latest say-on-pay support
=
May 28, 2024
Velarion Member: every covered company in one industry, with dashboards, peer screens and board-ready briefs. Three seats, one year.

The Old Point Financial 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.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
Data as of October 17, 2026Latest filing (8-K): May 31, 2024
11 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Old Point Financial brief$1,500Get the executive brief
Velarion Member, one year
139 figures on this page: 130 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
What changed from fiscal 2022 to fiscal 2023
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Robert Shuford Jr.: $605,693 → $587,065 (3.1% lower)
Say-on-pay support: 89.0% → 87.1% (1.9 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Old Point Financial's chief executive and what were they paid?
Robert Shuford Jr., Chairman of the Board, President & CEO, received $587,065 in total compensation for fiscal 2023. Shuford Jr.'s total moved 3.1% lower from the $605,693 reported for fiscal 2022.
What was Old Point Financial's say-on-pay result?
Shareholders supported the say-on-pay proposal with 87.1% of votes cast for or against in favor at the meeting held May 28, 2024 for fiscal 2023.
Which companies are in Old Point Financial's peer group?
The disclosed peer group includes AmeriServ Financial, Inc., Bank of the James Financial Group, Inc., Blue Ridge Bankshares, Inc., C&F Financial Corporation and CB Financial Services, Inc., among others.

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
Robert Shuford Jr.
Chairman of the Board, President & CEO
◇—◇—◇—◇◇
Joseph Witt
Chief Strategy Officer
◇—◇—◇—◇◇
Thomas Hotchkiss
Chief Credit Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Shuford Jr.
Chairman of the Board, President & CEO
◇—◇—◇—◇◇
Joseph Witt
Chief Strategy Officer
◇—◇—◇—◇◇
Thomas Hotchkiss
Chief Credit 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.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert Shuford Jr.PSU◇◇——
PSU◇◇——
PSU◇◇——
Joseph WittPSU◇◇——
PSU◇◇——
PSU◇◇——
Thomas HotchkissPSU◇◇——
PSU◇◇——
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 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Cabot Ishon
◇◇———◇◇
Elizabeth S. Wash
◇◇———◇◇
Stephen C. Adams
Lead independent director
◇◇———◇◇
Ellen Clark Thacker
◇◇———◇◇
Tom B. Langley
◇◇———◇◇
Robert F. Shuford Sr
◇◇———◇◇
Robert F. Shuford Jr
Board chair
◇◇———◇◇
Dr. Arthur D. Greene
◇◇———◇◇
William F. Keefe
◇◇———◇◇
Michael A. Glasser
◇◇———◇◇
Sarah B. Castleberry
◇◇———◇◇
Russell Smith Evans Jr
◇————◇◇
Joseph R. Witt 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.

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◇
Compensation committee chair◇
Nominating and governance chair◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2023
  • AmeriServ Financial, Inc. ASRV
  • Bank of the James Financial Group, Inc. BOTJ
  • Blue Ridge Bankshares, Inc. BRBS
  • C&F Financial Corporation CFFI
  • CB Financial Services, Inc. CBFV
  • Eagle Financial Services, Inc. EFSI
  • F & M Bank Corp. FMBM
  • First National Corporation FXNC
  • First United Corporation FUNC
  • FNCB Bancorp, Inc. FNCB
  • Franklin Financial Services Corporation FRAF
  • FVCBankcorp, Inc. FVCB
  • John Marshall Bancorp, Inc. JMSB
  • MainStreet Bancshares, Inc. MNSB
  • National Bankshares, Inc. NKSH
  • Norwood Financial Corp. NWFL
  • Peoples Bancorp of North Carolina, Inc. PEBK
  • Pinnacle Bankshares Corporation symbol not shown
  • The Community Financial Corporation TCFC
  • Village Bank and Trust Financial Corporation symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2023May 28, 2024=◇◇◇
2022May 23, 2023=◇◇◇
2021May 24, 2022=◇◇◇
2020May 25, 2021=◇◇◇
2019May 26, 2020=◇◇◇
2018May 28, 2019=◇◇◇
2017May 22, 2018=◇◇◇
2016May 23, 2017=◇◇◇
2015May 24, 2016=◇◇◇

Velarion Pro: every company page, peer tools and exports, one seat

One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Your address is used for this and nothing else, and you can unsubscribe in one click. See the privacy policy.

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Robert Shuford Jr. (Chairman of the Board, President & CEO), FY2023 total compensation $587,065 (base salary $425,500) [exec_comp, SEC accession 0001140361-24-020305, filed 2024-04-17]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

Email me this page as a cited PDF — sent in 2 minutes
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Old Point Financial files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Old Point Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Old Point Financial 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.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple 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 Intelligence
Join the list for Peer Group Review
Whether Old Point Financial's disclosed peer group is defensible, who names Old Point Financial back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
139 figures on this page: 130 cited to the filing that reported them, 9 calculated from figures it prints.
130 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001140361-24-028296
    666 9,608 509,902 For Against Abstain Broker Non-Votes Advisory Approval of the Compensation of the Company’s Named Executive Officers
  2. 0001140361-24-020305
    DIRECTOR COMPENSATION · DIRECTOR COMPENSATION & · Director Compensation · Summary Compensation Table
  3. 0001140361-23-026564
    98 57,123 512,868 For Against Abstain Broker Non-Votes Advisory Approval of the Compensation of the Company’s Named Executive Officers
  4. 0001140361-23-018184
    Summary Compensation Table
  5. 0001140361-22-020778
  6. 0001140361-21-019085
  7. 0001140361-20-012773
  8. 0001140361-19-010162
  9. 0000740971-18-000041
  10. 0000740971-17-000031
  11. 0000740971-16-000117
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Old Point Financial executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/OPOF (accessed 2026).
Short form: data: Velarion

The Old Point Financial 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.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
11 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
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 Old Point Financial 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.
Setup guide and the full list of questions it answers

Peers Old Point Financial discloses

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

AmeriServ Financial, Inc.Bank of the James Financial Group, Inc.Blue Ridge Bankshares, Inc.C&F Financial CorporationCB Financial Services, Inc.Eagle Financial Services, Inc.F & M Bank Corp.First National CorporationFirst United CorporationFNCB Bancorp, Inc.Franklin Financial Services CorporationFVCBankcorp, Inc.John Marshall Bancorp, Inc.MainStreet Bancshares, Inc.National Bankshares, Inc.Norwood Financial Corp.Peoples Bancorp of North Carolina, 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}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy