Robert A. Vickers
About Robert A. Vickers
Robert A. Vickers, 44, is Chief Operations Officer (COO) of Affinity Bank; he joined in 2020 via the acquisition of Legacy Affinity Bank and was named COO in March 2020. He previously served as SVP & COO of Legacy Affinity Bank in 2019 and began at Legacy in 2008 . As of April 3, 2025, he beneficially owned 30,773 AFBI shares (<1% of shares outstanding), including 2,630 ESOP shares, 4,615 unvested restricted shares, and 16,880 exercisable options . Company-level performance context: AFBI’s value of a $100 investment (TSR proxy) was 98 (2022), 106 (2023), and 110 (2024), while net income was $7.134M (2022), $6.448M (2023), and $5.441M (2024) .
Past Roles
| Organization | Role | Years | Strategic Impact/Notes |
|---|---|---|---|
| Legacy Affinity Bank | SVP & Chief Operations Officer | 2019 | Elevated to COO role prior to AFBI acquisition |
| Legacy Affinity Bank | Various roles (joined) | 2008–2018 | Joined Legacy in 2008, pre-dating AFBI acquisition |
| Affinity Bank (AFBI) | Chief Operations Officer | Mar 2020–present | Joined via acquisition; named COO Mar 2020 |
External Roles
- No external public company directorships or outside roles are disclosed for Mr. Vickers in AFBI’s proxy filings reviewed .
Fixed Compensation
- Individual base salary, target bonus, and actual bonus for Mr. Vickers are not disclosed (he is not a Named Executive Officer in AFBI’s Summary Compensation Tables) .
Performance Compensation
- Individual incentive plan metrics/weightings and equity grant details for Mr. Vickers are not disclosed. AFBI discloses that Named Executive Officers received discretionary cash bonuses; equity awards are granted under the 2018 and 2022 Equity Incentive Plans .
Equity Ownership & Alignment
| Metric | Mar 31, 2023 | Apr 1, 2024 | Apr 3, 2025 |
|---|---|---|---|
| Beneficial ownership (shares) | 15,489 | 23,744 | 30,773 |
| Ownership as % of SO | <1% | <1% | <1% |
| ESOP shares | 1,588 | — | 2,630 |
| Unvested restricted stock (shares) | 5,441 | — | 4,615 |
| Exercisable options (shares) | 5,441 | — | 16,880 |
Notes:
- 2024 filing reports total beneficial ownership and <1% stake but does not detail ESOP/unvested/option components for Vickers in the visible section reviewed .
- AFBI states it does not have a policy addressing employee/director hedging; no pledging disclosures for Mr. Vickers were identified in reviewed filings .
Employment Terms
- No individual employment agreement, severance, or change-in-control (CIC) terms for Mr. Vickers are disclosed in AFBI’s filings reviewed. AFBI discloses employment agreements and CIC/severance economics for CEO Cooney, CCO Nelson, and EVP Lending Galazka (not including Vickers) .
- For context, disclosed agreements for other execs provide no-cause/good-reason severance equal to the greater of remaining term base salary or average monthly compensation due; and upon CIC, lump-sum multiples (3x for Cooney/Nelson; 2x for Galazka) of average base salary, bonus, and profit sharing, with 24-month non-compete/non-solicit post-termination depending on circumstances .
Company Performance Context (for alignment)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Value of $100 Investment (TSR proxy) | 98 | 106 | 110 |
| Net Income ($) | 7,134,000 | 6,448,000 | 5,441,000 |
Additional governance/compliance context:
- Insider Trading Policy: AFBI does not have a policy addressing employees’ or directors’ ability to engage in hedging transactions that offset decreases in AFBI equity value .
- Section 16(a) compliance: For 2024, AFBI disclosed late Forms 4 for two directors; it stated it believes no other executive officer or 10% owner failed to file on time (no late filing attributed to Mr. Vickers) .
Investment Implications
- Alignment and potential selling pressure: Vickers holds 30,773 shares with 4,615 unvested RS and 16,880 exercisable options as of Apr 3, 2025; this indicates ongoing vesting and a sizable option overhang that could translate into periodic liquidity events around vesting/exercise windows, though specific vest dates are not disclosed .
- Retention/contract visibility: No disclosed employment agreement or CIC protection for Vickers increases uncertainty around severance economics and retention incentives relative to AFBI’s disclosed NEO arrangements; monitor filings for any future 8-K Item 5.02 updates .
- Governance considerations: Absence of a hedging policy is a shareholder-alignment gap common to smaller issuers; no pledging by Vickers was identified in reviewed filings, and no related-party transactions involving Vickers were disclosed .
- Performance backdrop: With TSR at 110 in 2024 and net income declining from 2022 to 2024, pay-for-performance optics for non-NEOs are difficult to assess due to lack of individual disclosure; continued monitoring of Form 4 activity and future proxies is advised to gauge realized equity-based compensation outcomes versus company performance .