AUBURN NATIONAL BANCORPORATION INC
For the period ended May 14, 2024. Filed Apr 3, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 14, 2024 · Filed Apr 3, 2024
Contents
Pay-Versus-Performance
The following table sets forth information concerning the compensation of our principal executive officer, or “PEO,” and, on an average basis, the compensation for our two other highest paid named executive officers, or “Other NEOs,” for each of the fiscal years ending December 31, 2023, 2022 and 2021, as such compensation relates to our financial performance for each such fiscal year.
| Year | Summary Compensation Table Totalfor PEO (3) | Compensation Actually Paidto PEO (3) | AverageSummary Compensation Table Totalfor OtherNEOs (3) | AverageCompensation Actually Paidto OtherNEOs (3) | Value of Initial Fixed $100InvestmentBased onTotalShareholderReturn (4) | Net Income |
|---|---|---|---|---|---|---|
| 2023 (1) | $341,224 | $341,224 | $271,119 | $271,119 | $57.29 | $1,395,000 |
| 2022 (2) | 519,810 | 519,810 | 290,714 | 290,714 | 58.95 | 10,346,000 |
| 2021 (2) | 453,163 | 453,163 | 255,900 | 255,900 | 79.65 | 8,039,000 |
| (1) | For 2023, the PEO was David A. Hedges and the Other NEOs were Robert L. Smith, Senior Vice President and Chief Lending Officer and W. James Walker, IV, Senior Vice President and Chief Financial Officer. |
| (2) | For 2022 and 2021, the PEO was Robert W. Dumas and the Other NEOs were David A. Hedges, Executive Vice President and Chief Financial Officer and Robert L. Smith, Senior Vice President and Chief Lending Officer. |
| (3) | The Company did not have any equity awards for the years presented; therefore, the Summary Compensation Table Total for PEO and Compensation Actually Paid to PEO are the same, and the Average Summary Compensation Table Total for Other NEOs and Average Compensation Actually Paid to Other NEOs are the same. |
| (4) | Total Shareholder Return is the cumulative total shareholder return, which assumes $100 was invested in our common stock at the market price at the regular close of Nasdaq trading on December 31, 2020 through December 31, 2023. It assumes the reinvestment of all cash dividends prior to any tax effect. |
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