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Southern First Bancshares Executive Compensation (FY25)

SFST · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
R. Arthur Seaver, Jr.
Median of the other named officers
$365,472
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 19, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 23, 2026Latest filing (8-K): May 20, 2026
17 filings cited on this page
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Southern First Bancshares brief$1,500Get the executive brief
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252 figures on this page: 241 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
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 — R. Arthur Seaver, Jr.: $1,141,448 → $1,146,832 (0.5% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Southern First Bancshares' chief executive and what were they paid?
Total compensation for R. Arthur Seaver, Jr., Chief Executive Officer, came to $1,146,832 in fiscal 2025. Seaver, Jr.'s total was 0.5% higher than the $1,141,448 reported for fiscal 2024.
What was Southern First Bancshares' say-on-pay result?
Shareholders supported the say-on-pay proposal with 98.3% of votes cast for or against in favor at the meeting held May 19, 2026 for fiscal 2025.
What is Southern First Bancshares' chief executive pay ratio?
The company reported a chief executive pay ratio of 15:1 for fiscal 2025, against median employee compensation of $77,891.

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
R. Arthur Seaver Jr.
Chief Executive Officer
◇◇◇——◇◇◇
Michael Dowling
Chief Operating Officer and Chief Financial Officer
◇◇◇——◇◇◇
Calvin Hurst
President
◇◇◇——◇◇◇
William Aiken III
Chief Risk Officer
◇◇◇———◇◇
Silvia King
Chief Human Resource Officer
◇◇◇——◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
R. Arthur Seaver Jr.
Chief Executive Officer
◇◇◇———◇◇
Calvin Hurst
President
◇◇◇———◇◇
William Aiken III
Chief Risk Officer
◇◇◇———◇◇
D. Andrew Borrmann
Chief Financial Officer
◇◇◇———◇◇
Silvia King
Chief Human Resource Officer
◇◇◇———◇◇
Michael Dowling
Chief Operating Officer and Chief Financial Officer
◇—◇——◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
R. Arthur Seaver, Jr.
Chief Executive Officer
◇◇◇——◇◇◇
Calvin Hurst
President
◇◇◇——◇◇◇
William Aiken, III
Chief Risk Officer
◇◇◇———◇◇
Christian Zych
Chief Financial Officer
◇◇◇———◇◇
Julie Fairchild
Chief Accounting Officer
◇◇◇——◇◇◇
D. Andrew Borrmann
Chief Financial Officer
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
R. Arthur Seaver, Jr.
Chief Executive Officer
◇◇◇——◇◇◇
Calvin Hurst
President
◇◇◇——◇◇◇
Christian Zych
Chief Financial Officer
◇◇◇———◇◇
Wesley Wilbanks
Chief Credit Officer
◇◇◇———◇◇
Julie Fairchild
Chief Accounting Officer
◇◇———◇◇◇
William Aiken III
Chief Risk 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
Calvin C. HurstRSU◇——◇——◇
Christian J. ZychRSU◇——◇——◇
R. Arthur Seaver Jr.RSU◇——◇——◇
Wesley C. WilbanksRSU◇——◇——◇
William M. Aiken IIIRSU◇——◇——◇
Fiscal 2022, 2023 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
Julie FairchildRSU◇◇——
Wesley WilbanksRSU◇◇——
Christian ZychRSU◇◇——
Calvin HurstRSU◇◇——
R. Arthur Seaver, Jr.RSU◇◇——
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.
Christian Zych
Chief Financial Officer · Employment agreement · citing a 2024 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
R. Arthur Seaver, Jr.
Chief Executive Officer · Amended agreement
Severance base◇
Change-in-control base◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew B. Cajka Jr
◇◇————◇
James B. Orders III
Board chair
◇◇————◇
Anne S. Ellefson
◇◇————◇
Terry Grayson-Caprio
◇◇————◇
Anna T. Locke
◇◇————◇
William A. Maner IV
◇◇————◇
Rudolph G. Johnstone III
◇◇————◇
Tecumseh Hooper Jr
◇◇————◇
David G. Ellison
◇◇————◇
Leighton M. Cubbage
◇◇————◇
Mark A. Cothran
◇◇————◇
Ray A. Lattimore
◇◇————◇
Darrin Goss Sr
◇◇————◇
William M. McClatchey Jr
◇◇————◇
Jennifer S. Cluverius
◇◇————◇
R. Arthur Seaver Jr 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 cash retainer◇
Board equity retainer◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Aon Company AON

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 19, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 21, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 18, 2021=◇◇◇
2019May 12, 2020=◇◇◇
2018May 21, 2019=◇◇◇
2017May 15, 2018=◇◇◇
2016May 16, 2017=◇◇◇
2015May 17, 2016=◇◇◇

Chief executive pay ratio

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

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- R. Arthur Seaver, Jr. (Chief Executive Officer), FY2025 total compensation $1,146,832 (base salary $515,000) [exec_comp, SEC accession 0001206774-26-000194, filed 2026-04-06]

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What this page does not include

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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.
252 figures on this page: 241 cited to the filing that reported them, 11 calculated from figures it prints.
241 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001206774-26-000289
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001206774-26-000194
    Grants of Plan-Based Awards
  3. 0001206774-25-000374
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001206774-25-000204
  5. 0001206774-24-000579
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001206774-24-000334
  7. 0001206774-23-000699
  8. 0001206774-23-000476
  9. 0001206774-22-001414
  10. 0001206774-21-001514
  11. 0001206774-20-001617
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001206774-19-001762
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001206774-19-000337
    Employment Agreement
  14. 0001206774-18-001653
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001206774-17-001636
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0001206774-16-005982
    Item 5.07 Submission of Matters to a Vote of Security Holders
  17. 0001206774-24-000549
    EX-10.9
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Velarion, “Southern First Bancshares executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SFST (accessed 2026).
Short form: data: Velarion

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17 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Banking rankings

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

Peers Southern First Bancshares discloses

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

Aon Company

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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