0001693577 2025-01-01 2025-12-31 0001693577 ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001693577 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001693577 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001693577 ecd:PeoMember 2025-01-01 2025-12-31 0001693577 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0001693577 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2025-01-01 2025-12-31 0001693577 2023-01-01 2023-12-31 0001693577 2024-01-01 2024-12-31 0001693577 2025-12-31 2025-01-01 2025-12-31 iso4217:USD false 0001693577 DEF 14A MAINSTREET BANCSHARES, INC. Policy for Recovery of Erroneously Awarded Compensation Our Board of Directors has approved and adopted a Policy for the Recovery of Erroneously Awarded Compensation (a “Clawback Policy”) in compliance with Rule 10D-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Nasdaq listing standards for recovery of compensation from the Company’s current and former executive officers under certain incentive-based circumstances. The Clawback Policy provides that in the event the Company is required to restate financial results due to material noncompliance with any financial reporting requirement under the securities laws, the Compensation Committee or the Board may seek recovery of “Erroneously Awarded Compensation,” which means the amount of incentive-based compensation that exceeds the amount of such compensation that otherwise would have been received had it been determined based on the restated financial results. The timing and method for recouping Erroneously Awarded Compensation may include, without limitation: (a) seeking reimbursement of all or part of any cash or equity-based award, (b) cancelling prior cash or equity-based awards, whether vested or unvested or paid or unpaid, (c) cancelling or offsetting against base salary and/or any planned future cash or equity-based awards, (d) forfeiture of deferred compensation, subject to compliance with Section 409A of the Internal Revenue Code, and (e) any other method that does not contravene any applicable law, including without limitation, Section 409A of the Internal Revenue Code. true The Pay Versus Performance Table The table below shows the total compensation for our principal executive officer (“PEO”) and the average compensation for other non-PEO named executive officers as reported in the above Summary Compensation Table (“SCT”) for the prior three years, along with the total and average compensation actually paid our PEO and non-PEO named executive officers, respectively, as well as the total shareholder return on the value of an initial fixed investment of $100 made at the beginning of the earliest year in the table through the end of each applicable year in the table, assuming the reinvestment of dividends, and the net income of the Company for the periods reported. Compensation actually paid, as determined under SEC requirements, does not necessarily reflect the actual amount of compensation earned by or paid to our named executive officers during a covered year. <div> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"> <tbody><tr> <td style="vertical-align:bottom;width:7.7%;"> Year </td> <td style="vertical-align:bottom;width:16.4%;"> Summary Compensation Table Total for PEO </td> <td style="vertical-align:bottom;width:12.4%;"> Compensation Actually Paid to PEO </td> <td style="vertical-align:bottom;width:17.2%;"> Average Summary Compensation Table for Non-PEO Named Executive Officers </td> <td style="vertical-align:bottom;width:17.2%;"> Average Compensation Actually Paid to Non-PEO Named Executive Officers </td> <td style="vertical-align:bottom;width:16.9%;"> Value of Initial Fixed $100 Investment Based on Total Shareholder Return </td> <td style="vertical-align:bottom;width:12.5%;"> Net Income </td> </tr> <tr> <td style="vertical-align:top;width:7.7%;"> </td> <td style="vertical-align:middle;width:16.4%;"> ($) (1) </td> <td style="vertical-align:middle;width:12.4%;"> ($) (2) </td> <td style="vertical-align:middle;width:17.2%;"> ($) (3) </td> <td style="vertical-align:middle;width:17.2%;"> ($) (4) </td> <td style="vertical-align:middle;width:16.9%;"> ($) (5) </td> <td style="vertical-align:middle;width:12.6%;"> ($000) (6) </td> </tr> <tr> <td style="vertical-align:middle;width:7.7%;"> 2025 </td> <td style="vertical-align:middle;width:2.5%;"> $1,267,127 </td> <td style="vertical-align:middle;width:12.5%;"> $1,303,228 </td> <td style="vertical-align:middle;width:2.5%;"> $490,238 </td> <td style="vertical-align:middle;width:12.1%;"> $510,132 </td> <td style="vertical-align:middle;width:3.3%;"> $ 79.46 </td> <td style="vertical-align:middle;width:13.9%;"> $ 15,613 </td> <td style="vertical-align:middle;width:3.3%;"> </td> <td style="vertical-align:middle;width:13.9%;"> </td> <td style="vertical-align:middle;width:3.4%;"> </td> <td style="vertical-align:middle;width:13.5%;"> </td> <td style="vertical-align:middle;width:2.5%;"> </td> <td style="vertical-align:middle;width:10.1%;"> </td> </tr> <tr> <td style="vertical-align:middle;width:7.7%;"> 2024 </td> <td style="vertical-align:middle;width:2.5%;"> $ 741,955 </td> <td style="vertical-align:middle;width:12.5%;"> $ 530,732 </td> <td style="vertical-align:middle;width:2.5%;"> $502,073 </td> <td style="vertical-align:middle;width:12.1%;"> $399,974 </td> <td style="vertical-align:middle;width:3.3%;"> $ 77.34 </td> <td style="vertical-align:middle;width:13.9%;"> $(12,136) </td> <td style="vertical-align:middle;width:3.3%;"> </td> <td style="vertical-align:middle;width:13.9%;"> </td> <td style="vertical-align:middle;width:3.4%;"> </td> <td style="vertical-align:middle;width:13.5%;"> </td> <td style="vertical-align:middle;width:2.5%;"> </td> <td style="vertical-align:middle;width:10.1%;"> </td> </tr> <tr> <td style="vertical-align:middle;width:7.7%;"> 2023 </td> <td style="vertical-align:middle;width:2.5%;"> $1,582,651 </td> <td style="vertical-align:middle;width:12.5%;"> $1,477,065 </td> <td style="vertical-align:middle;width:2.5%;"> $679,716 </td> <td style="vertical-align:middle;width:12.1%;"> $627,106 </td> <td style="vertical-align:middle;width:3.3%;"> $103.70 </td> <td style="vertical-align:middle;width:13.9%;"> $ 24,429 </td> <td style="vertical-align:middle;width:3.3%;"> </td> <td style="vertical-align:middle;width:13.9%;"> </td> <td style="vertical-align:middle;width:3.4%;"> </td> <td style="vertical-align:middle;width:13.5%;"> </td> <td style="vertical-align:middle;width:2.5%;"> </td> <td style="vertical-align:middle;width:10.1%;"> </td> </tr> </tbody></table> </div> (1) This is the total compensation for our PEO reported for each applicable year within the Summary Compensation Table. (2) This is the amount of compensation actually paid to our PEO for each year, starting with the amounts set forth within the SCT “Total Compensation” column for the applicable year and adjusting that amount. Adjustments for 2025 were as follows: 1267127 1303228 490238 510132 79.46

15613000

741955 530732 502073 399974 77.34

-12136000

1582651 1477065 679716 627106 103.7

24429000

<div> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"> <tbody><tr> <td style="vertical-align: middle; width: 82.1%; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);"> Adds the change in fair value (whether positive or negative) as of the vesting date of any awards granted in prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year </td> <td style="vertical-align: middle; width: 2.9%; border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="vertical-align: middle; width: 16.2%; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> $40,269 </td> </tr> <tr> <td style="vertical-align: middle; width: 82.1%; border-left: 1px solid rgb(0, 0, 0);"> </td> <td style="vertical-align:middle;width:2.9%;"> </td> <td style="vertical-align: middle; width: 16.2%; border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr> <td style="vertical-align: middle; width: 82.1%; border-left: 1px solid rgb(0, 0, 0);"> Adds the change in fair value (whether positive or negative) as of the vesting date of any awards granted in the prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year </td> <td style="vertical-align:middle;width:2.9%;"> </td> <td style="vertical-align: middle; width: 16.2%; border-right: 1px solid rgb(0, 0, 0);"> ($4,168) </td> </tr> <tr> <td style="vertical-align: middle; width: 82.1%; border-left: 1px solid rgb(0, 0, 0);"> </td> <td style="vertical-align: middle; width: 2.9%;"> </td> <td style="vertical-align: middle; width: 16.2%; border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 82.1%; border-left: 1px solid rgb(0, 0, 0);"> Total Adjustments </td> <td style="border-bottom:solid 1px #000000;vertical-align:middle;width:2.9%;"> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 16.2%; border-right: 1px solid rgb(0, 0, 0);"> ($36,101) </td> </tr> </tbody></table> </div> <table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:10pt;"> <tbody><tr> <td style="width:0pt;"> </td> <td style="vertical-align:top;width:18pt;"> (3) </td> <td style="vertical-align:top;"> This is the average compensation for our non-PEO named executive officers reported for each applicable year within the SCT. </td> </tr> </tbody></table> 40269 4168 36101 (4) This is the average compensation actually paid to our non-PEO executive officers for each year, starting with the average of such amounts set forth within the SCT “Total Compensation” column for the applicable year and adjusting the amount. Adjustments for 2025 were as follows: <div> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"> <tbody><tr> <td style="vertical-align: top; width: 82.1%; border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> Adds the change in fair value (whether positive or negative) as of the vesting date of any awards granted in prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year </td> <td style="vertical-align: top; width: 2.9%; border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="vertical-align: top; width: 16.2%; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> $21,396 </td> </tr> <tr> <td style="vertical-align: top; width: 82.1%; border-left: 1px solid rgb(0, 0, 0);"> </td> <td style="vertical-align:top;width:2.9%;"> </td> <td style="vertical-align: top; width: 16.2%; border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr> <td style="vertical-align: top; width: 82.1%; border-left: 1px solid rgb(0, 0, 0);"> Adds the change in fair value (whether positive or negative) as of the vesting date of any awards granted in the prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year </td> <td style="vertical-align:top;width:2.9%;"> </td> <td style="vertical-align: top; width: 16.2%; border-right: 1px solid rgb(0, 0, 0);"> ($1,502) </td> </tr> <tr> <td style="vertical-align: top; width: 82.1%; border-left: 1px solid rgb(0, 0, 0);"> </td> <td style="vertical-align:top;width:2.9%;"> </td> <td style="vertical-align: top; width: 16.2%; border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: top; width: 82.1%; border-left: 1px solid rgb(0, 0, 0);"> Total Adjustments </td> <td style="border-bottom:solid 1px #000000;vertical-align:top;width:2.9%;"> </td> <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: top; width: 16.2%; border-right: 1px solid rgb(0, 0, 0);"> ($19,894) </td> </tr> </tbody></table> </div> (5) This is the total shareholder return based on a fixed investment of $100 made at the beginning of the earliest year in the table (2023) through the end of each applicable year in the table, assuming reinvestment of dividends. (6) This is the Company’s net income for each year reported in the Pay Versus Performance Table. Based upon the information reported in the table above, the total compensation reported with the SCT for the Company’s PEO, Jeff W. Dick, as well as the compensation actually paid to Mr. Dick, increased by $525,172 or 70.8% between 2024 and 2025 and decreased by $840,696, or 53%, between 2023 and 2024. Meanwhile, the average compensation reported in the SCT for the other non-PEO named executive officers of the Company, as well as the average compensation actually paid to those officers, increased by $21,354 or 2.1% between 2024 and 2025 and decreased by $355,286 or 26.1% between 2023 and 2024. The Net Income of the Company increased between 2024 and 2025 by $25.6 million, or 256% and decreased between 2023 and 2024 by $36.6 million, or 138%, of the Company’s Net Income. Total Shareholder Return of the Company was $92.72, $69.15 and $79.46 for each of the years ended 2023, 2024, and 2025, respectively. 21396 1502 19894