Cass Information Systems signs consulting deal with retiring exec Erdbruegger at $150/hour; 2,318 RSUs vest

CASS INFORMATION SYSTEMS INC

Independent Contractor Agreement dated October 7, 2026 runs through December 31, 2026; either party may terminate on 30 days' written notice.
Erdbruegger is paid $150.00 per hour, gross and exclusive of taxes and fees, invoiced monthly, for general consulting to Cass and its subsidiaries.
In consideration of continued availability through Dec 31, 2026, he gets full vesting on all 2,318 time-based restricted stock units granted under the Feb 3, 2026 RSU Agreement.
Agreement carries non-competition (no substantially similar services to Cass competitors), one-year post-term non-solicitation, confidentiality and IP-assignment covenants.
Agreement was pre-approved by the Compensation Committee; Christi Reiter, SVP and Chief HR Officer, signed for Cass.

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