Peoples Bancorp enters new change-in-control agreement with CEO Tyler Wilcox

PEOPLES BANCORP INC

New CIC agreement executed Aug 1, 2024, superseding prior Jan 1, 2019 agreement.
Lump-sum payment of 2.99 times base annual compensation (salary + avg cash incentive) on qualifying termination.
36 months of continued medical, dental, and life insurance at same cost as pre-termination.
15-month non-compete covenant applies after termination within 24 months following a change in control.
Benefits subject to potential reduction under Section 280G excess parachute rules.

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