---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-23-000963"
form_type: "8-K"
ticker: "NWPP"
cik: "0001163389"
company_name: "NEW PEOPLES BANKSHARES INC"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T08:47:59.743284+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001903596-23-000963
- form_type: 8-K
- ticker: NWPP
- cik: 0001163389
- company_name: NEW PEOPLES BANKSHARES INC
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000963/0001903596-23-000963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000963/nwpp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000963
- JSON: https://secwatch.observer/filing/0001903596-23-000963.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000963.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.