Old Point Financial accelerates vesting of 1,029 shares for departing COO Ralston

OLD POINT FINANCIAL CORP

Susan R. Ralston resigned as COO/EVP of bank subsidiary effective April 19, 2024; not due to any disagreement.
Compensation committee accelerated vesting of 1,029 restricted shares that would have vested on May 3, 2024.
Equity acceleration was consideration for Ralston's contributions and dedicated service to the company.

item 5.02

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Departed

Susan R. Ralston

Chief Operating Officer and Executive Vice President

OLD POINT FINANCIAL CORP

Effective: 2024-04-19
Filed: April 23, 2024, 7:59 PM ET

As previously reported, on March 21, 2024, Susan R. Ralston notified the Company of her decision to resign as Chief Operating Officer and Executive Vice President of the Bank.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Susan R. Ralston resigned as Chief Operating Officer and Executive Vice President at OLD POINT FINANCIAL CORP.

Action: resigned
Role: Chief Operating Officer and Executive Vice President

Exact text from the filing

As previously reported, on March 21, 2024, Susan R. Ralston notified the Company of her decision to resign as Chief Operating Officer and Executive Vice President of the Bank.

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Source: SEC EDGAR

accession 0001140361-24-021327

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