other
confidence high
sentiment neutral
materiality 0.25
Isabella Bank Corp awards restricted stock to CEO, two officers; amends SERP interest calculation
ISABELLA BANK CORP
- CEO Schwind eligible for restricted stock at 40% of salary, McDonnell 30%, Schaefer 25%, contingent on 2025 EPS growth and ROE targets.
- Restricted shares vest 100% after 3 years; accelerated vesting on retirement, death, disability, or change in control.
- SERP interest rate changed to Vanguard Federal Money Market Fund yield, daily accrual with partial-year crediting; immaterial changes to payment delays and claims procedures.