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.
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