<a href="https://laohu8.com/S/FSBC">Five Star Bancorp</a> Grants Change-in-Control Severance Package to Top Executives
Five Star Bancorp announced that its subsidiary, Five Star Bank, has entered into new change in control agreements with two executive officers: Heather Luck, Executive Vice President and Chief Financial Officer, and Michael Rizzo, Executive Vice President and Chief Banking Officer. Under these agreements, if either executive's employment is terminated without cause or if they resign for good reason within a year following a qualifying change in control, they will receive a severance payment equal to 12 months of base salary plus their most recently paid annual cash bonus. Additionally, any outstanding equity incentive awards will fully vest under these circumstances. The agreements are set to expire on December 31, 2028, if no qualifying change in control has occurred.
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