other material
confidence high
sentiment neutral
materiality 0.40
PCB Bancorp amends CEO Henry Kim's employment agreement; base salary $450k, 25k RSUs
PCB BANCORP
- Base salary set at $450,000 per year.
- Award of 25,000 restricted stock units on Jan 1, 2022, vesting 20% annually over 5 years.
- Enhanced severance: if terminated without cause, salary continues up to one year if >6 months remain, else 6 months.
- Previously severance was only 6 months if >6 months remaining.