MainStreet Bancshares Inc. has announced new compensation terms for Richard A. Vari, who will become Executive Vice President and Chief Financial Officer of the company and its bank subsidiary effective January 1, 2026. Under the terms of his employment agreement, Mr. Vari will receive an annual base salary of $360,000. He remains eligible for bonus and equity awards as determined by the Compensation Committee and the Board of Directors, and will participate in the bank's health and disability plans and group term insurance. The agreement includes severance provisions: if Mr. Vari’s employment is terminated without cause or he resigns for good reason within one year of a change of control, he will receive a severance payment equal to 299% of his five-year average taxable compensation. If terminated without cause or for good reason outside of a change of control, he is eligible for severance equal to the greater of his current base salary for one year or the remainder of his contract term, plus the average annual bonus from the prior three years.

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