Banking
Virginia National Bankshares Executive Compensation (FY25)
VABK · Executive and director compensation, fiscal 2024 to 2025
Data as of September 7, 2026Latest filing (8-K): June 29, 2026
112 figures on this page: 101 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Figures cover fiscal 2024 through fiscal 2025. The company reported 3 named executive officers for fiscal 2025, and Glenn Rust, President and Chief Executive Officer, received $1,029,693 in total compensation for fiscal 2025. Rust's total moved 2.2% higher from the $1,007,824 reported for fiscal 2024. For fiscal 2025, shareholders backed the say-on-pay proposal with 95.2% of votes cast for or against in favor at the meeting held June 25, 2026.
This company is not required to report a chief executive pay ratio.
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 — Glenn Rust: $1,007,824 → $1,029,693 (2.2% higher)
Say-on-pay support: 94.7% → 95.2% (0.5 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Virginia National Bankshares' chief executive and what were they paid?
Glenn Rust, President and Chief Executive Officer, received $1,029,693 in total compensation for fiscal 2025. Rust's total moved 2.2% higher from the $1,007,824 reported for fiscal 2024.
What was Virginia National Bankshares' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.2% of votes cast for or against in favor at the meeting held June 25, 2026.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Glenn Rust President and Chief Executive Officer (Principal Executive Officer) | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Virginia Bayes Chief Banking Officer, Executive Vice President and Corporate Secretary | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Glenn Rust President and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Virginia Bayes Chief Banking Officer, Executive Vice President and Corporate Secretary | ◇ | — | — | — | — | — | ◇ | ◇ |
Larry Pitchford Chief Human Resources Officer and Executive Vice President | ◇ | — | — | — | — | — | ◇ | ◇ |
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 |
|---|---|---|---|---|---|---|---|---|
| Glenn Rust | OTHER | — | — | — | — | — | — | ◇ |
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 |
|---|---|---|---|---|---|
| Glenn Rust | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Virginia Bayes | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| Larry Pitchford | RSU | ◇ | ◇ | — | — |
| 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 |
|---|---|---|---|---|---|---|---|
William D. Dittmar, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Randolph D. Frostick | ◇ | ◇ | — | — | — | — | ◇ |
Hunter E. Craig | ◇ | ◇ | — | — | — | — | ◇ |
John B. Adams, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Linda M. Houston | ◇ | ◇ | — | — | — | — | ◇ |
Sterling T. Strange, III | ◇ | ◇ | — | — | — | — | ◇ |
Jay B. Keyser | ◇ | ◇ | — | — | — | — | ◇ |
Gregory L. Wells | ◇ | ◇ | — | — | — | — | ◇ |
Kevin T. Carter | ◇ | ◇ | — | — | — | — | ◇ |
Glenn W. Rust and Robert L. Burrows, 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.
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 | ◇ |
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.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 25, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | July 24, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 27, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 29, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 23, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 24, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 25, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | June 14, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 18, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 17, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 18, 2016 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Virginia 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
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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.
112 figures on this page: 101 cited to the filing that reported them, 11 calculated from figures it prints.
101 cited to the filing
11 calculated from the filing
Documents cited
- 0001193125-26-287670
- 0001193125-26-194099Director Compensation · EXECUTIVE COMPENSATION & · INFORMATION ABOUT THE BOARD OF DIRECTORS AND BOARD COMMITTEES & · Summary Compensation Table
- 0000950170-25-098868
- 0000950170-25-079318Summary Compensation Table
- 0000950170-24-079024
- 0000950170-23-031995
- 0000950170-22-012295
- 0001564590-21-035349
- 0001564590-20-031228
- 0001206774-19-001902
- 0001206774-18-001702
- 0001206774-17-001648
- 0001206774-16-006000
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Virginia National Bankshares executive compensation, FY2024–FY2025.” https://intel.velarion.ai/comp/VABK (accessed 2026).
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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}
}