secwatch.observer — SEC 8-K summary
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Issuer:     Pioneer Bancorp, Inc./MD (PBFS)
CIK:        0001769663
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0000943374-25-000525
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pioneer Bancorp adopts new executive incentive plan with balanced scorecard; max payout 150% of target
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- Plan covers CEO and other executives designated by Compensation Committee; uses annual balanced scorecard with financial, operational, non-financial metrics.
- Payout levels: Threshold (50% of target), Target (100%), Maximum (150%); below threshold earns $0.
- Awards paid in cash by March 15 following Plan Year; subject to clawback policy.
- Plan effective as of January 1 each year; adopted December 16, 2025.
- Termination due to death, disability, or retirement at 65+ yields pro-rated award; other termination forfeits award.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769663/000094337425000525/0000943374-25-000525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769663/000094337425000525/form8k_121625.htm
  HTML page:      https://secwatch.observer/filing/0000943374-25-000525

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