secwatch.observer — SEC 8-K summary
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Issuer:     QNB CORP. (QNBC)
CIK:        0000750558
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001564590-22-035833
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QNB Corp. amends stock incentive plan and adopts director compensation plan effective Jan 1, 2023
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- Maximum option term increased from 5 to 10 years; options vest 20% annually over 5 years.
- Non-employee directors must receive $8,000 of annual comp in stock via semi-annual grants of $4,000 worth of common stock.
- Plan amendments effective Jan 1, 2023; do not affect prior awards without participant consent.
- Up to 50,000 shares may be issued under the director compensation plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750558/000156459022035833/0001564590-22-035833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750558/000156459022035833/qnbc-8k_20221031.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-035833

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer