NORTHPOINTE BANCSHARES INC
For the period ended May 15, 2025. Filed Apr 11, 2025.
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May 15, 2025 · Filed Apr 11, 2025
Contents
Summary Compensation Table
The following table sets forth information concerning the compensation paid to our NEOs during our fiscal years ended December 31, 2024 and December 31, 2023.
| Name and Principal Position | Year | Salary ($) | Bonus ($)(1) | Non-EquityIncentive PlanCompensation($)(2) | Stock Awards($)(3) | All OtherCompensation($)(4) | Total ($) |
|---|---|---|---|---|---|---|---|
| Charles A. Williams | 2024 | 437,749 | 0 | 4,446,255 | 3,710,736 | 374,200 | 8,968,940 |
| Founder, Chief Executive Officer and Chairman | 2023 | 437,749 | 0 | 2,287,957 | 0 | 411,700 | 3,137,406 |
| David J. Christel | 2024 | 175,000 | 0 | 1,453,076 | 3,710,736 | 598,406 | 5,937,218 |
| President of Warehouse Lending | 2023 | 175,000 | 0 | 841,280 | 0 | 411,700 | 1,427,980 |
| Kevin J. Comps | 2024 | 321,249 | 330,000 | 0 | 3,442,896 | 319,270 | 4,413,415 |
| President | 2023 | 292,239 | 200,000 | 0 | 0 | 248,220 | 740,459 |
(1)Reflects a discretionary bonus.
(2)Reflects amounts paid pursuant to the executive’s employment agreement, as described in greater detail below.
(3)Reflects the grant date fair value of the Special RSU Awards (as defined below) computed in accordance with FASB ASC Topic 718. The assumptions used in calculating the grant-date fair value of the Special RSU Awards are set forth in Note 10 to our audited consolidated financial statements included in our 2024 Annual Report.
(4)Reflects for 2024: (a) for each of Messrs. Williams and Christel, the amount realized upon the automatic exercise of their cash-settled stock appreciation rights (“Cash-Settled SARs”) granted in 2019 (the “2024 SAR Payment”); and (b) for Mr. Comps, his 2024 SAR Payment ($318,070) and a mobile device allowance ($1,200).
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