Fidelity D&D Bancorp enters SERP and split-dollar life insurance agreements with EVP Turkington

FIDELITY D & D BANCORP INC

SERP credits $5,417 per month at 4% annual interest from June 1, 2024 until age 70; Board can adjust amount.
Normal retirement benefit: 180 monthly installments; early termination after 4th plan year yields 60 installments at age 70.
Change in control triggers lump sum of SERP plus present value of future credits, paid over 36 months.
Split dollar agreement: beneficiary gets death benefit equal to lesser of 3x base salary or net BOLI proceeds; includes $50K group term.
Post-separation death benefit (if vested) equals greater of 2x highest base salary or net death proceeds.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.