Virginia National Bankshares Corp CEO Glenn Rust's 2023 pay rises 3% to $1M
Virginia National Bankshares Corp reports 2023 executive compensation
By ExecPay News
Published: April 29, 2024
Virginia National Bankshares Corp reported fiscal year 2023 executive compensation information on April 29, 2024.
In 2023, four executives at Virginia National Bankshares Corp received on average a compensation package of $503K, a 9% decrease compared to previous year.
Average pay of disclosed executives at Virginia National Bankshares Corp
Glenn W. Rust, Chief Executive Officer, received $1M in total, which increased by 3% compared to 2022. 50% of Rust's compensation, or $500K, was in salary. Rust also received $150K in bonus, $275K in stock awards, as well as $81K in other compensation.
Virginia R. Bayes, Chief Banking Officer and Executive Vice President, Virginia National Bank, received a compensation package of $370K, which decreased by 16% compared to previous year. 93% of the compensation package, or $344K, was in salary.
Donna G. Shewmake, General Counsel, earned $322K in 2023, a 20% decrease compared to previous year.
Tara Y. Harrison, Chief Financial Officer, received $314K in 2023, which decreases by 20% compared to 2022.
Related executives
Glenn Rust
Virginia National Bankshares Corp
Chief Executive Officer
Virginia Bayes
Virginia National Bankshares Corp
Chief Banking Officer and Executive Vice President, Virginia National Bank
Donna Shewmake
Virginia National Bankshares Corp
General Counsel
Tara Harrison
Virginia National Bankshares Corp
Chief Financial Officer
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Source: SEC filing on April 29, 2024.