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Republic Bancorp Executive Compensation (FY25)

RBCAA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Logan Pichel
Latest say-on-pay support
=
April 24, 2025
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (DEF 14A): March 13, 2026
6 filings cited on this page
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269 figures on this page: 266 cited to the filing that reported them, 3 calculated from figures it prints. See the citations

More on Republic Bancorp

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 — Logan Pichel: $1,867,026 → $1,819,342 (2.6% lower)
CEO pay ratio: 14:1 → 16:1 (14.3% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Republic Bancorp's chief executive and what were they paid?
Logan Pichel, President and Chief Executive Officer, received $1,819,342 in total compensation for fiscal 2025. Pichel's total moved 2.6% lower from the $1,867,026 reported for fiscal 2024.
What was Republic Bancorp's say-on-pay result?
The say-on-pay proposal drew 99.8% of votes cast for or against in favor at the meeting held April 24, 2025 for fiscal 2024.
Which companies are in Republic Bancorp's peer group?
Companies named in the disclosed peer group include 1st Source Corporation, City Holding Company, Community Trust Bancorp, Inc., FB Financial Corporation and First Savings Financial Group, Inc., among others. Companies named in the PEERS FOR THE CHAIR/CEO, CEO/BANK, CFO, AND CIOO include 1st Source Corporation, City Holding Company, Community Trust Bancorp, Inc., FB Financial Corporation and First Savings Financial Group, Inc., among others. The PEERS FOR THE PRES/RPG includes Green Dot Corporation, Metropolitan Commercial Bank, Pathward Financial, Inc. and The Bancorp, Inc.
What is Republic Bancorp's chief executive pay ratio?
The company reported a chief executive pay ratio of 16:1 for fiscal 2025, against median employee compensation of $65,494.

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
Logan Pichel
President and Chief Executive Officer
◇◇◇◇◇—◇◇
William Nelson
President of RPG
◇◇◇◇——◇◇
Steven Trager
Executive Chair and Chief Executive Officer
◇◇——◇—◇◇
Kevin Sipes
Chief Financial Officer and Chief Accounting Officer
◇◇◇◇◇—◇◇
John Rippy
Chief Risk Officer
◇◇◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Logan Pichel
President and Chief Executive Officer
◇—◇◇◇—◇◇
Steven Trager
Executive Chair and Chief Executive Officer
◇———◇—◇◇
William Nelson
President of RPG
◇—◇◇◇—◇◇
Jeffrey Starke
Chief Information and Operating Officer
◇—◇◇◇—◇◇
Kevin Sipes
Chief Financial Officer and Chief Accounting Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Logan Pichel
President and Chief Executive Officer
◇—◇◇◇—◇◇
Steven Trager
Executive Chair and Chief Executive Officer
◇———◇—◇◇
William Nelson
President of RPG
◇—◇◇◇—◇◇
Jeffrey Starke
Chief Information and Operating Officer
◇—◇◇◇—◇◇
Kevin Sipes
Chief Financial Officer and Chief Accounting Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Logan Pichel
President and Chief Executive Officer
◇—◇◇◇—◇◇
Steven Trager
Executive Chair and Chief Executive Officer
◇———◇—◇◇
William Nelson
President of RPG
◇—◇◇◇—◇◇
Jeffrey Starke
Chief Information and Operating Officer
◇◇◇◇◇—◇◇
Kevin Sipes
Chief Financial Officer and Chief Accounting 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
Jeffrey A. StarkePSU◇◇◇—◇—◇
Jeffrey A. StarkeOPTION◇——◇—◇◇
Kevin D. SipesPSU◇◇◇—◇—◇
Kevin D. SipesRSU◇——◇——◇
Kevin D. SipesOPTION◇——◇—◇◇
Logan M. PichelRSU◇——◇——◇
Logan M. PichelPSU◇◇◇—◇—◇
Logan M. PichelOPTION◇——◇—◇◇
Steven E. TragerPSU◇◇◇—◇—◇
William R. NelsonPSU◇◇◇—◇—◇
William R. NelsonOPTION◇——◇—◇◇
Fiscal 2022, 2024 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
Logan PichelRSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
Jeffery StarkeRSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
Kevin SipesRSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
William NelsonRSU◇◇——
PSU◇◇——
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.
Jeffrey Starke
Chief Information and Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Kevin Sipes
Chief Financial Officer and Chief Accounting Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Steven Trager
Executive Chair and Chief Executive Officer · Change-in-control agreement
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David P. Feaster
◇◇———◇◇
Mark A. Vogt
Lead independent director
◇◇————◇
Jennifer N. Green
◇◇————◇
W. Patrick Mulloy II
◇◇————◇
Ernest W. Marshall Jr
◇◇————◇
Timothy S. Huval
◇◇————◇
Alejandro M. Sanchez
◇◇————◇
Vidya Ravichandran
◇◇————◇
Yoania Cannon
◇◇————◇
W. Kennett Oyler III
◇◇————◇
Heather V. Howell
◇◇————◇
A. Scott Trager, Logan M. Pichel, Steven E. Trager and Andrew Trager-Kusman 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 equity retainer◇
Total board retainer◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 1st Source Corporation SRCE
  • City Holding Company CHCO
  • Community Trust Bancorp, Inc. CTBI
  • FB Financial Corporation FBK
  • First Savings Financial Group, Inc. FSFG
  • German American Bancorp, Inc. GABC
  • Green Dot Corporation GDOT
  • Lakeland Financial Corp. LKFN
  • Metropolitan Commercial Bank MCB
  • Park National Corporation PRK
  • Pathward Financial, Inc. CASH
  • Peoples Financial, Inc. PEBO
  • Seacoast Banking Corporation of Florida SBCF
  • Stock Yards Bancorp, Inc. SYBT
  • The Bancorp, Inc. TBBK
PEERS FOR THE CHAIR/CEO, CEO/BANK, CFO, AND CIOO
  • 1st Source Corporation SRCE
  • City Holding Company CHCO
  • Community Trust Bancorp, Inc. CTBI
  • FB Financial Corporation FBK
  • First Savings Financial Group, Inc. FSFG
  • German American Bancorp, Inc. GABC
  • Lakeland Financial Corp. LKFN
  • Park National Corporation PRK
  • Peoples Financial, Inc. PEBO
  • Seacoast Banking Corporation of Florida SBCF
  • Stock Yards Bancorp, Inc. SYBT
PEERS FOR THE PRES/RPG
  • Green Dot Corporation GDOT
  • Metropolitan Commercial Bank MCB
  • Pathward Financial, Inc. CASH
  • The Bancorp, Inc. TBBK

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024April 24, 2025=◇◇◇
2022April 20, 2023=◇◇◇
2020April 22, 2021=◇◇◇

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?”
- Steven Trager (Executive Chair and Chief Executive Officer), FY2025 total compensation $1,023,867 (base salary $473,848) [exec_comp, SEC accession 0001104659-26-027241, filed 2026-03-13]

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What this page does not include

Everything above is a fact Republic Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Republic Bancorp 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
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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.
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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.
269 figures on this page: 266 cited to the filing that reported them, 3 calculated from figures it prints.
266 cited to the filing
3 calculated from the filing

Documents cited

  1. 0001104659-26-027241
    2025 Summary Compensation Table · CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · and 2 more sections
  2. 0001558370-25-005645
    Item 5.07 Submission of Matters to a Vote of Security Holders
  3. 0001558370-23-006435
  4. 0001558370-23-003389
    2022 Summary Compensation Table
  5. 0001558370-21-004791
  6. 0001558370-21-000612
    Employment Agreement
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Republic Bancorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/RBCAA (accessed 2026).
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The paid brief for Republic Bancorp

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.
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6 filings cited on this page
Method: intel.velarion.ai/methodology
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Republic Bancorp discloses

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

1st Source CorporationCity Holding CompanyCommunity Trust Bancorp, Inc.FB Financial CorporationFirst Savings Financial Group, Inc.German American Bancorp, Inc.Green Dot CorporationLakeland Financial Corp.Metropolitan Commercial BankPark National CorporationPathward Financial, Inc.Peoples Financial, Inc.Seacoast Banking Corporation of FloridaStock Yards Bancorp, Inc.The Bancorp, 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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