{"schema_version":"secwatch.filing_event.v1","accession":"0001903596-23-000164","form_type":"8-K","ticker":"NWPP","cik":"0001163389","company_name":"NEW PEOPLES BANKSHARES INC","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.007173+00:00","generated_at":"2026-06-18T14:18:33.960994+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"New Peoples Bankshares adopts long-term cash incentive plan tied to EPS; initial awards to top executives","bullets":["Plan provides cash awards based on quarterly EPS; up to 500,000 notional shares may be granted.","Initial awards: CEO C. Todd Asbury (140,000 shares), EVP James W. Kiser (110,000), EVP Bryan T. Booher (100,000), plus 150,000 to other senior management.","Awards vest 25% per year over four years; settled in cash upon separation, change of control, or 10-year anniversary.","Plan effective Feb 27, 2023; administered by independent directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001903596-23-000164","json":"https://secwatch.observer/filing/0001903596-23-000164.json","markdown":"https://secwatch.observer/filing/0001903596-23-000164.md","text":"https://secwatch.observer/filing/0001903596-23-000164.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163389/000190359623000164/0001903596-23-000164-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163389/000190359623000164/nwpp_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T14:18:33.960994+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}