Five Star Bancorp has announced a new long-term incentive compensation plan for its President and CEO, James Beckwith, as approved by the company's Board of Directors. The plan includes performance-based restricted stock units (PSUs) and service-based restricted stock awards (RSAs), each valued at $220,000. The awards, which are based on the share price on the expected grant date of July 28, 2025, will be issued under the Five Star Bancorp 2021 Equity Incentive Plan. The PSUs will vest based on the company's performance relative to a peer group of banks by December 31, 2027, while the RSAs will vest in equal installments over five years.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Five Star Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-033029), on June 25, 2025, and is solely responsible for the information contained therein.