Banking
Republic Bancorp Executive Compensation (FY25)
RBCAA · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (DEF 14A): March 13, 2026
175 figures on this page: 172 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
Logan Pichel, President and Chief Executive Officer, received $1,819,342 in total compensation for fiscal 2025, and Pichel's total moved 2.6% lower from the $1,867,026 reported for fiscal 2024. The company reported a chief executive pay ratio of 16:1 for fiscal 2025, against median employee compensation of $65,494. 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. 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.
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.
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 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Logan Pichel CEO/Bank | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Steven Trager Chair/CEO | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
William Nelson Pres/RPG | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Jeffrey Starke CIOO | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Kevin Sipes CFO | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Logan Pichel President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Steven Trager Executive Chair and Chief Executive Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
William Nelson President of RPG | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Jeffrey Starke EVP, Chief Information and Operating Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Kevin Sipes EVP, CFO, and Chief Accounting Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Steven E. Trager | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Kevin Sipes | Option | ◇ | — | ◇ | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Logan Pichel | PSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Jeffery Starke | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| William Nelson | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — |
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 |
|---|---|---|---|---|---|---|---|
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 | ◇ | ◇ | — | — | — | — | ◇ |
Yoania Cannon | ◇ | ◇ | — | — | — | — | ◇ |
Vidya Ravichandran | ◇ | ◇ | — | — | — | — | ◇ |
W. Kennett Oyler, III | ◇ | ◇ | — | — | — | — | ◇ |
Heather V. Howell | ◇ | ◇ | — | — | — | — | ◇ |
Andrew Trager-Kusman, Steven E. Trager, A. Scott Trager and Logan M. Pichel 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 | ◇ |
| Compensation committee chair | ◇ |
| Board meeting fee | ◇ |
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
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | April 24, 2025 | = | ◇ | ◇ | ◇ |
| 2022 | April 20, 2023 | = | ◇ | ◇ | ◇ |
| 2020 | April 22, 2021 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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 — $1,500Written 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
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
175 figures on this page: 172 cited to the filing that reported them, 3 calculated from figures it prints.
172 cited to the filing
3 calculated from the filing
Documents cited
- 0001104659-26-0272412025 Director Compensation Table · 2025 SUMMARY COMPENSATION TABLE · 2025 Summary Compensation Table · CEO Pay Ratio · and 3 more sections
- 0001558370-25-005645Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001558370-25-0029432024 SUMMARY COMPENSATION TABLE · 2024 Summary Compensation Table
- 0001558370-24-0032882023 SUMMARY COMPENSATION TABLE · 2023 Summary Compensation Table
- 0001558370-23-006435
- 0001558370-21-004791
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Republic Bancorp executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/RBCAA (accessed 2026).
Short form: data: Velarion
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Peers Republic Bancorp discloses
The companies named in RBCAA's own disclosed peer group.
1st Source CorporationCity Holding CompanyCommunity Trust Bancorp, Inc.FB Financial CorporationGerman 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
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}
}