Company: FCAP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001104659-25-033880
Chunk: 21

Company: FIRST CAPITAL INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 21
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,675 |     |   |       - |     |   |       - |   |
| Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year |     |   |     653 |     |   |   1,200 |     |   | (16,575 | ) |
| Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year                         |     |   |     650 |     |   |   2,655 |     |   | (11,716 | ) |
| Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year                                                                            |     |   |         |     |   |         |     |   |         |   |
| Average Compensation Actually Paid to Non-PEOs                                                                                                                          |     | $ | 242,084 |     | $ | 234,847 |     | $ | 174,283 |   |

| (5) | TSR value represents the Company’s cumulative TSR based on an initial $100 investment on December 31, 2020.                                                                                                                 |
| (6) | Net Income is calculated in accordance with accounting principles generally accepted in the United States of America and reflects the amounts reported in the Company’s Annual Report on Form 10-K for the applicable year. |

As discussed above in the Executive Compensation section of this Proxy Statement, the compensation payable to the PEO and Other NEOs consists primarily of base salary and incentive compensation in the form of performance awards as determined under the Bonus Plan. Incentive compensation under the Bonus Plan is largely determined by the pre-tax income performance of the Bank but there are provisions for the award of stock compensation if certain performance thresholds are met. Relationship Between Compensation Actually Paid to PEO and the Average of the Compensation Actually Paid to Other Non-PEO NEOs and the Company's Cumulative TSR. From fiscal year 2022 to fiscal year 2023, the compensation actually paid to the PEO and the average of the compensation actually paid to the other Non-PEO NEOs increased by 20.0% and 34.8%, respectively. The Company’s TSR increased by 16.5% over the same period. The Company attributes this difference between performance and pay at least partially to the transitions of our PEO and Non-PEO NEOs during this