Eagle Bancorp Montana, Inc.
For the period ended Apr 24, 2025. Filed Mar 14, 2025.
View on SEC.govAbout this filing
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.
Apr 24, 2025 · Filed Mar 14, 2025
Contents
PAY VERSUS PERFORMANCE
Pay Versus Performance Table. As required by Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last three completed calendar years. In determining the “compensation actually paid” to our Named Executive Officers (“NEOs”), we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. The table below summarizes compensation values both previously reported in our Summary Compensation Table, as well as the adjusted values required in this section for 2022, 2023 and 2024 calendar years.
| Pay Versus Performance Table | ||||||
|---|---|---|---|---|---|---|
| Year | Summary Compensation Table Total for CEO(1) | Compensation Actually Paid for CEO(2) | Average Summary Compensation Table Total for Other NEOs(1) | Average Compensation Actually Paid for Other NEOs(2) | Value of $100 Initial Fixed Investment Based on Total Shareholder Return (“TSR”) | Net Income (In Millions) |
| 2024 | $572,273 | $571,181 | $390,553 | $390,321 | $68 | $9.78 |
| 2023 | 642,868 | 656,963 | 385,605 | 388,081 | 71 | 10.06 |
| 2022 | 1,005,097 | 1,005,097 | 401,670 | 367,369 | 72 | 10.70 |
| (1) | The CEO for 2024 and 2023 is Laura F. Clark. The CEO for 2022 was Peter J. Johnson. Other named executive officers for 2024 include Miranda J. Spaulding, Senior Vice President/Chief Financial Officer and Mark O’Neill, Senior Vice President/Chief Lending Officer. Other named executive officers for 2023 include Dale F. Field, Senior Vice President/Chief Credit Officer and Miranda J. Spaulding, Senior Vice President/Chief Financial Officer. Other named executive officers for 2022 include Laura F. Clark, President, and Dale F. Field, Senior Vice President/Chief Credit Officer. |
| (2) | SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table. “Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable Named Executive Officer without restriction, but rather is a value calculated under applicable SEC rules. In general, “compensation actually paid” is calculated as Summary Compensation Table total compensation adjusted to include the fair market value of equity awards as of December 31 of the applicable year or, if earlier, the vesting date (rather than the grant date). Named Executive Officers do not participate in a defined benefit plan so no adjustment for pension benefits is included in the table below. Similarly, no adjustment is made for dividends as dividends are not paid on unvested stock awards. The following table details these adjustments: |
| Year · Executive(s) · Summary Compensation Table Total ($) · Subtract Stock Awards ($) · Add Year- End Equity Value ($) · Add (Subtract) Change in Value of Prior Equity Awards ($) · Add (Subtract) Change in Value of Vested Equity Awards ($) · Subtract Value of Equity Awards that Failed to Meet Vesting Conditions ($) · Compensation Actually Paid ($) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | CEO | $572,273 | $ | - | $ | - | $(3,986) | $2,894 | $ | - | $571,181 |
| Other NEOs | 390,553 | - | - | (1,333) | 1,101 | - | 390,321 | ||||
| 2023 | CEO | 642,868 | (75,870) | 101,956 | (2,419) | (9,572) | - | 656,963 | |||
| Other NEOs | 385,605 | (24,053) | 32,323 | (1,051) | (4,743) | - | 388,081 | ||||
| 2022 | CEO | 1,005,097 | - | - | - | - | - | 1,005,097 | |||
| Other NEOs | 401,670 | - | - | (29,736) | (4,565) | - | 367,369 | ||||
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Relationship Between“Compensation Actually Paid”* and Performance Measures*. The charts below show, for the past three years, the relationship between the CEO and non-CEO “compensation actually paid” and (i) the Company’s TSR; and (ii) the Company’s net income.
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.