Leadership & Pay ·
Landmark Bancorp approves Management Incentive Program with cash and equity awards for executives
LARKLandmark Bancorp Inc
The Board of Directors approved the Landmark Bancorp, Inc. Management Incentive Program (the "Program"), which includes an annual cash incentive program (AIP) and a long-term equity incentive program (LTIP). Participants include executive officers and key management members, such as President and CEO Abigail M. Wendel and CFO Mark A. Herpich. The AIP offers cash awards based on performance against established goals, with payouts ranging from 0% to 150% of the target opportunity. The LTIP provides equity awards under the 2024 Stock Incentive Plan, consisting of time-based restricted stock and performance-contingent grants. For 2026, Ms. Wendel's target AIP is 35% of base salary with a 25% LTIP opportunity, while Mr. Herpich's targets are 25% for AIP and 20% for LTIP. Landmark Bancorp operates as a bank holding company providing financial services through its subsidiary, Landmark National Bank.