---
schema_version: "secwatch.filing_event.v1"
accession: "0000842517-24-000069"
form_type: "8-K"
ticker: "ISBA"
cik: "0000842517"
company_name: "ISABELLA BANK CORP"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:05:02.881351+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000842517-24-000069
- form_type: 8-K
- ticker: ISBA
- cik: 0000842517
- company_name: ISABELLA BANK CORP
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842517/000084251724000069/0000842517-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842517/000084251724000069/isba-20240326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000842517-24-000069
- JSON: https://secwatch.observer/filing/0000842517-24-000069.json
- Plain text: https://secwatch.observer/filing/0000842517-24-000069.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.