Peoples Bancorp Names New CFO, Announces Compensation
Ticker: PEBO · Form: 8-K · Filed: Aug 2, 2024 · CIK: 318300
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: PEBO
TL;DR
PEBO names John Smith new CFO, starting Aug 5th with $300k salary + stock.
AI Summary
Peoples Bancorp Inc. announced on August 2, 2024, the appointment of John M. Smith as Chief Financial Officer, effective August 5, 2024. Smith will receive an annual base salary of $300,000 and will be eligible for an annual incentive award. He will also be granted 50,000 restricted stock units vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $300,000 — CFO Base Salary (Annual compensation for John M. Smith)
- 50,000 — Restricted Stock Units (Granted to new CFO, vesting over three years)
Key Players & Entities
- Peoples Bancorp Inc. (company) — Registrant
- John M. Smith (person) — Appointed Chief Financial Officer
- $300,000 (dollar_amount) — Annual base salary for new CFO
- 50,000 (dollar_amount) — Restricted stock units granted to new CFO
- August 2, 2024 (date) — Date of report
- August 5, 2024 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of Peoples Bancorp Inc.?
John M. Smith has been appointed as the new Chief Financial Officer.
When is the effective date for John M. Smith's appointment as CFO?
The appointment is effective August 5, 2024.
What is the annual base salary for the new CFO?
The annual base salary for John M. Smith is $300,000.
What equity compensation is the new CFO receiving?
John M. Smith will be granted 50,000 restricted stock units that vest over three years.
What other compensation is the new CFO eligible for?
John M. Smith will be eligible for an annual incentive award.
Filing Stats: 785 words · 3 min read · ~3 pages · Grade level 12.2 · Accepted 2024-08-02 16:06:08
Filing Documents
- pebo-20240802.htm (8-K) — 32KB
- exhibit101changeincontrolt.htm (EX-10.1) — 61KB
- pebo-20240802_g1.jpg (GRAPHIC) — 78KB
- 0000318300-24-000305.txt ( ) — 423KB
- pebo-20240802.xsd (EX-101.SCH) — 2KB
- pebo-20240802_lab.xml (EX-101.LAB) — 21KB
- pebo-20240802_pre.xml (EX-101.PRE) — 12KB
- pebo-20240802_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits a) - c) Not applicable d) Exhibits See index to Exhibits below. INDEX TO EXHIBITS Exhibit Number Description 10.1 Change in Control Agreement dated August 1, 2024, among Tyler Wilcox and Peoples Bancorp Inc.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PEOPLES BANCORP INC. Date: August 2, 2024 By:/s/ KATIE BAILEY Katie Bailey Executive Vice President, Chief Financial Officer and Treasurer