New Peoples Bankshares increases share limit under Long-Term Cash Incentive Plan, awards CEO 30,000 notional shares

NEW PEOPLES BANKSHARES INC

Board approved amendment raising notional share limit from 500,000 to 750,000 under the Long-Term Cash Incentive Plan.
Amendment adds 250,000 notional shares for future awards; plan provides cash based on quarterly EPS, not equity.
James W. Kiser, President and CEO, granted 30,000 notional shares effective January 1, 2024.

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