Pioneer Bancorp, Inc. has adopted a new Targeted Incentive Plan for its executives, including named executive officers. The plan establishes annual incentive targets as a percentage of base salary, with payouts based on the achievement of specified financial, operational, and non-financial performance goals. Each metric in the plan's scorecard may be weighted differently, and participants can earn between 0% and 150% of their target incentive depending on performance levels categorized as threshold, target, or maximum. Awards are to be paid in cash no later than March 15 following the end of each plan year. If a participant leaves the company before the award is paid, they will not receive the incentive unless the termination is due to death, disability, or retirement, in which case a pro-rated award will be granted.

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