leadership
confidence high
sentiment neutral
materiality 0.30
John Marshall Bancorp enters amended employment agreement with CFO Kent Carstater
John Marshall Bancorp, Inc.
- Base salary of $335,000 with potential increases; eligible for annual bonuses and equity awards at board's discretion.
- On termination without cause or for good reason, receives 12 months base salary and COBRA premium payments for 2 years.
- Change-of-control termination: lump sum of 2.5x (base salary + average of highest 3 years' annual bonuses) plus COBRA for 2 years.
- Post-employment non-compete for 12 months within 25 miles of Bank headquarters; non-solicit of customers and employees.
- Incentive compensation subject to clawback under law or company policy.