other material
confidence high
sentiment neutral
materiality 0.35
ACNB amends supplemental life plans; CEO Helt benefit increases to $1.09M
ACNB CORP
- 2014 Plan amendment raises maximum benefit to 2x base annual salary for participants.
- CEO James Helt eligible for $1,092,000; EVP Douglas Seibel eligible for $597,400.
- New 2023 ESLIP adopted with 2x salary benefit, 5-year vesting; EVP/CFO Weber eligible for $655,200.
- Bank owns policies and is beneficiary of death proceeds in excess of vested benefit.