Isabella Bank adopts clawback policy, grants $1.4M SERP credits, restricted stock to two execs

ISABELLA BANK CORP

Board adopted clawback policy effective Jan 1, 2024 for performance-based compensation.
Restated SERP grants Schwind $800,000 and McDonnell $600,000 in additional credits.
Restricted stock plan grants Schwind 40% of salary, McDonnell 30% of salary, contingent on 2024 goals.
Plans incorporate clawback policy; all grants subject to recoupment on accounting restatements.
Compensation for CEO Schwind and CFO McDonnell under restated incentive plans.

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