secwatch.observer — SEC 8-K summary
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Issuer:     PARK NATIONAL CORP /OH/ (PRK)
CIK:        0000805676
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0000805676-23-000002
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Park National sets 2023 base salaries, 2022 bonuses, and PBRSU grants for executives
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- CEO Trautman 2023 base salary unchanged at $750,000, 2022 incentive compensation $626,000.
- President Miller 2023 base salary unchanged at $550,000, 2022 incentive compensation $398,000.
- CFO Burt 2023 base salary unchanged at $400,000, 2022 incentive compensation $326,000.
- PBRSU awards tied to Cumulative ROA vs $5B-$15B industry index over 2023–2025 performance period.
- PBRSUs subject to dividend test: net income must exceed 110% of dividends each fiscal year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/805676/000080567623000002/0000805676-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/805676/000080567623000002/prk-20230118.htm
  HTML page:      https://secwatch.observer/filing/0000805676-23-000002

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