Mid Penn Bancorp adopts 2025 Executive Annual Incentive Plan for named officers

MID PENN BANCORP INC

Plan effective Jan 1, 2025; participants include named executive officers; awards based on performance objectives.
Performance metrics may include net income, efficiency ratio, and tangible book value growth, weighted by priority.
Awards can be cash and/or restricted stock with three-year vesting; maximum award set as percentage of base salary.
Payment contingent on satisfactory overall performance as determined by Compensation Committee; subject to clawback.
Discretionary bonus awards also allowed, up to designated percentage of base salary, granted in Committee's sole discretion.

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