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First Seacoast Bancorp Amends Executive Compensation Agreement

Story Highlights
  • First Seacoast Bank amended its Salary Continuation Agreement with James R. Brannen.
  • The amendment fixes Brannen’s annual benefit at $64,817 or $132,209 depending on control change.
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First Seacoast Bancorp Amends Executive Compensation Agreement

First Seacoast Bancorp ( (FSEA) ) has shared an announcement.

On March 5, 2025, First Seacoast Bank amended its Salary Continuation Agreement with James R. Brannen, fixing his annual benefit at $64,817 outside of a change in control, and $132,209 in the event of a change in control. This amendment impacts the financial planning for Mr. Brannen, providing clarity on benefit payments in various scenarios such as separation, disability, or death.

More about First Seacoast Bancorp

First Seacoast Bank is a wholly owned subsidiary of First Seacoast Bancorp, Inc., operating in the banking industry.

YTD Price Performance: 8.86%

Average Trading Volume: 10,632

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $51.42M

For an in-depth examination of FSEA stock, go to TipRanks’ Stock Analysis page.

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