Sound Financial Bancorp enters change of control agreement with EVP/CFO Wes Ochs

Sound Financial Bancorp, Inc.

Agreement provides a lump sum payment of 2x annual base salary upon involuntary termination within 12 months of a change in control.
Benefits continuation (health, insurance, retirement) for up to 18 months post-termination at no cost to executive.
Payments subject to cut-back under Section 280G to avoid excess parachute penalties.
Agreement effective August 25, 2021, cancellable by either party with 12 months prior written notice.

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