COMMUNITY BANCORP VT
For the period ended May 14, 2024. Filed Apr 3, 2024.
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May 14, 2024 · Filed Apr 3, 2024
Contents
ADDITIONAL PAY VERSUS PERFORMANCE INFORMATION
The following table provides certain information on “Pay versus Performance” for the Principal Executive Officer (PEO) and the Non-PEO Named Executive Officers (NEO) for the years presented:
| Value of | ||||||
|---|---|---|---|---|---|---|
| Initial Fixed | ||||||
| Investment | ||||||
| Summary · Average Summary · Average Compensation · Based on | ||||||
| Compensation · Compensation · Compensation Table · Actually Paid to · Total | ||||||
| Table Total · Actually Paid · Total for Non-PEO · Non-PEO · Shareholder · Net Income | ||||||
| Year | For PEO (1)(2) | To PEO (1)(2) | NEOs (1)(2) | NEOs (1)(2) | Return (3) | (in thousands) |
| 2023 | $602,118 | $602,118 | $383,979 | $383,979 | $141 | $13,432 |
| 2022 | $558,914 | $558,914 | $359,678 | $359,678 | $140 | $13,739 |
| 2021 | $509,395 | $509,395 | $281,909 | $281,909 | $140 | $13,138 |
| (1) | Throughout 2023, 2022 and 2021, Kathryn Austin served as the Company’s PEO and the Company’s remaining NEOs consisted of Louise Bonvechio and Christopher Caldwell. Mr. Caldwell’s 2021 compensation included in the calculations in columns (d) and (e) represents partial year compensation from his date of hire in April 2021. |
| (2) | In accordance with the SEC’s calculation requirements, because the Company does not pay equity compensation, there is no difference between compensation amounts reported in columns (b) and (c), or columns (d) and (e). |
| (3) | Stock price information used in the calculation of the Total Shareholder Return (TSR) is obtained from the OTCIQ website for the Company’s Ticker Symbol, CMTV. The calculation of the TSR includes reinvested dividends. |
In setting compensation for the PEO and the other two NEO’s, the Compensation Committee considers a variety of quantitative and qualitative factors and does not directly tie its decision making to changes in TSR or net income.
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