Rodney R. Halsey
About Rodney R. Halsey
Rodney R. Halsey (age 56) is Executive Vice President and Chief Operations Officer of Skyline National Bank. He began his banking career at Grayson National Bank in 1992 and progressed through loan review, lending, and information systems before becoming Grayson’s Chief Operations Officer in 2011; he holds a BBA from Appalachian State University . Tenure in his current Skyline COO role is not disclosed in the filings . Company-level performance metrics tied to his individual tenure (TSR, revenue growth, EBITDA growth) are not disclosed in the proxy statements or 10-Ks reviewed .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Grayson National Bank | Loan Review Officer | 1992 | Built core credit review capability early in career |
| Grayson National Bank | Assistant Vice President & Loan Officer | 1996–2001 | Originated and managed loans, strengthening frontline banking operations |
| Grayson National Bank | Vice President, Information Systems & Loan Officer | 2002 | Led technology and lending functions, bridging ops and IT |
| Grayson National Bank | Senior Vice President, Information Systems & Commercial Loan Officer | 2009 | Advanced oversight of IT and commercial lending risk |
| Grayson National Bank | Chief Operations Officer | 2011 | Ran enterprise operations pre-merger, scaling processes |
| Skyline National Bank | Executive Vice President & Chief Operations Officer | Not disclosed | Oversees bank operations post-merger integration |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Oak Hill Academy | Board of Trustees (Trustee) | Current | Community and education network ties in the region |
| Go Virginia Region 1 Economic Development Authority | Board Member | Current | Regional economic development connectivity |
| Virginia Bankers Association Operations & Technology Committee | Committee Member | Current | Sector operations/technology best practices |
| Alleghany Memorial Hospital Foundation | Board/Committee Service | Prior (years not disclosed) | Local community health engagement |
| Mount Rogers Planning District Loan Fund Board | Board Member | Prior (years not disclosed) | Regional financing/economic development |
| Wytheville Community College Educational Foundation | Board/Committee Service | Prior (years not disclosed) | Education and workforce ecosystem |
Fixed Compensation
- Halsey is not listed among the Company’s “named executive officers” (NEOs) in FY 2023 or FY 2024 10-K disclosure; therefore, his base salary, target bonus %, and actual bonus are not disclosed in the Summary Compensation Tables reviewed .
- Company compensation program components (policy level): base salaries, annual cash bonuses, long-term equity in the form of restricted stock awards, and long-term benefits (pension/SERPs), with the Compensation Committee overseeing design and market competitiveness (Pearl Meyer engaged) .
Performance Compensation
- Company restricted stock program (recent grants and vesting schedule):
- 2024 awards: 15,000 restricted shares to the CEO; 10,000 restricted shares issued to other executive management team members (excluding Messrs. Martin and Pearson); vesting at 20% on Dec 15, 2024, 2025, 2026, 2027, and 2028 .
- 2023: no restricted stock awards .
- Stock options: none granted in 2024; none outstanding at Dec 31, 2024 .
- The filings do not specify Halsey by name in the 2024 award distribution; individual grant counts for him are not disclosed .
Equity Ownership & Alignment
- Beneficial ownership tables list directors and NEOs; Halsey is not included, so his direct/indirect holdings, vested vs unvested shares, and ownership as % of shares outstanding are not disclosed in the FY 2023 and FY 2024 10-Ks reviewed .
- Company-wide policy details on hedging or pledging by executives are not disclosed in the sections reviewed; no pledging by Halsey is disclosed .
Employment Terms
- 10-K exhibits enumerate employment and change-in-control agreements and SERPs for certain executives; no employment agreement, change-in-control agreement, or SERP for Halsey is listed among the exhibits reviewed (agreements are disclosed for B. M. Edwards, L. C. Vaught, J. L. Kruckow, and B. R. Worrell) .
- Change-in-control terms disclosed for other executives (e.g., Kruckow, Worrell) include 2× salary severance under specified conditions and 12-month non-compete/non-solicit; these do not reference Halsey .
- Clawback provisions, tax gross-ups, or deferred compensation elections specific to Halsey are not disclosed in the documents reviewed .
Investment Implications
- Transparency gap: Halsey is not a named executive officer in the 10-Ks, so his cash/equity pay mix and award magnitudes are not disclosed; this limits direct pay-for-performance analysis and alignment measurement at the individual level .
- Equity cadence and selling pressure: Company-wide 2024 restricted stock grants vest annually every Dec 15 through 2028, which can concentrate periodic settlement/sale decisions for executive recipients; options are not outstanding, reducing forced exercise dynamics versus option-heavy programs .
- Retention and change-in-control economics: Absence of disclosed employment, CIC, or SERP agreements for Halsey suggests fewer contractual protections relative to peers with disclosed agreements; retention under stress or M&A could lean more on role, market pay, and the RS award schedule rather than guaranteed severance economics .
- Governance context: Compensation oversight resides with an active Compensation Committee and an external consultant (Pearl Meyer), indicating structured pay governance even where individual disclosures are limited for non-NEOs .