---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-168539"
form_type: "8-K"
ticker: null
cik: "0001330399"
company_name: "Federal Home Loan Bank of Pittsburgh"
filed_at: "2024-06-26T23:59:59+00:00"
generated_at: "2026-06-01T01:22:14.076517+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# FHLBank Pittsburgh CEO Winthrop Watson to retire Dec 31; David Paulson named successor

## Summary
- Winthrop Watson will retire as President and CEO effective December 31, 2024, after leading since 2011.
- David G. Paulson, currently COO, appointed President and CEO effective December 31, 2024; base salary $890,000.
- Paulson joined FHLBank in 2010, served as CFO (2013-2020) and COO since 2020.
- Paulson eligible for annual and long-term incentive awards under Executive Officer Incentive Compensation Plan at Participant Level A.
- Board cited Watson's leadership in record earnings, community investment, and navigating financial crises.

## SEC filing metadata
- accession: 0001193125-24-168539
- form_type: 8-K
- cik: 0001330399
- company_name: Federal Home Loan Bank of Pittsburgh
- filed_at: 2024-06-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1330399/000119312524168539/0001193125-24-168539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1330399/000119312524168539/d842250d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-168539
- JSON: https://secwatch.observer/filing/0001193125-24-168539.json
- Plain text: https://secwatch.observer/filing/0001193125-24-168539.txt

## Key facts
- Executive change
  Winthrop Watson departed as President and Chief Executive Officer at Federal Home Loan Bank of Pittsburgh.
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: On June 24, 2024, Winthrop Watson, President and Chief Executive Officer (CEO) of the Federal Home Loan Bank of Pittsburgh (Bank), notified the Bank’s Board of Directors (Board) that he intends to retire from the Bank, effective December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1330399/000119312524168539/0001193125-24-168539-index.htm
- Executive change
  David G. Paulson was named as President and Chief Executive Officer at Federal Home Loan Bank of Pittsburgh.
  - Action: named
  - Role: President and Chief Executive Officer
  source text: The Board has named David G. Paulson as President and CEO, effective upon Mr. Watson’s retirement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1330399/000119312524168539/0001193125-24-168539-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.