BLUE RIDGE BANKSHARES, INC. — Form 10-Q
Filed August 10, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Blue Ridge Bank executed two employment agreements: (1) Grace Vallacchi as Chief Risk Officer, effective May 24, 2024, minimum base salary $350,000/year plus up to 30% bonus and 30% long-term incentive; (2) Raymond Knott as Commercial Banking Executive, effective December 17, 2024, minimum base salary $340,000/year plus up to 30% bonus and 30% long-term incentive. Both include standard severance (12+ months salary plus bonus), change-of-control protections (2x severance), non-compete (12 months, market-area restricted), and fintech business restrictions nationwide.
Why this rating
Two mid-level executive hires at ~$350K–$340K salaries represent routine personnel addition, not material to $197M market-cap company. Standard employment terms; no strategic shift signaled.
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