secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES BANCORP INC (PEBO)
CIK:        0000318300
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0000318300-24-000305
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318300/000031830024000305/0000318300-24-000305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318300/000031830024000305/pebo-20240802.htm
  HTML page:      https://secwatch.observer/filing/0000318300-24-000305

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer