Auburn National Bancorporation Inc. has announced the adoption of a new form of Notice of Discretionary Equity Award Agreement, effective July 24, 2025, under its 2024 Equity and Incentive Compensation Plan. This agreement includes the award of 1,402 Restricted Stock Units (RSUs) to the company's three named executive officers: David A. Hedges (550 RSUs), W. James Walker, IV (431 RSUs), and Robert L. Smith (421 RSUs). These RSUs will vest on March 10, 2026, upon which each RSU will convert into one share of the company's common stock, subject to tax and withholdings. The agreement includes provisions restricting the transfer of RSUs and imposes conditions related to insider trading policies and confidentiality.
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