Sound Financial Bancorp amends CEO supplemental retirement plan; projected annual benefit rises to $96,390

Sound Financial Bancorp, Inc.

CEO Laura Lee Stewart's SERP amended; projected annual retirement benefit increased to $96,390 from $78,030.
Benefit now linked to annuity (American Valor 10 Fixed-Index Annuity) instead of fixed amount; will likely increase further until separation.
Death benefit prior to retirement commencement is a lump sum of approx. $1.1 million (as of Dec 31, 2021).
Stewart has reached normal retirement age (65) and is fully vested; prior early retirement/change-in-control provisions eliminated.

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