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Get filing alertsHome Federal amends CEO retirement agreement, accelerating vesting to 100% by 2030
Filed July 2, 2026 · Period ending July 1, 2026 · ~1 min read
Key Changes
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CEO Barlow's supplemental retirement agreement amended to vest 10% annually starting July 2026, reaching 100% by December 2030 if he remains employed, accelerating from prior schedule.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Retains $120,000 annual retirement benefit payable over ten years starting at target retirement date of December 31, 2033,.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Change-in-control provision credits Barlow with up to five additional years of service (or remaining vesting period) if employment ends during or within two years after a change in control.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Home Federal Bancorp amended CEO James Barlow's supplemental executive retirement agreement, accelerating the vesting schedule from the prior 2017 agreement. Under the new terms, Barlow will vest at 10% per year beginning July 1, 2026, reaching full vesting by December 31, 2030, if he remains employed. The amendment retains the $120,000 annual retirement benefit payable over ten years starting at the target retirement date of December 31, 2033.
The agreement includes change-in-control protections that credit Barlow with up to five additional years of service if his employment ends during or within two years after a change in control. For retail holders, this is a routine executive compensation adjustment that accelerates vesting while maintaining the same benefit structure. The change-in-control provisions are standard retention mechanisms in community bank executive agreements.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The Agreement increases the vesting percentage to 10% per year beginning July 1, 2026, such that Mr. Barlow becomes 100% vested in the ordinary course as of December 31, 2030, if he continues to remain employed through such date.
Home Federal Bank amended CEO James Barlow's supplemental executive retirement agreement, accelerating the vesting schedule to 10% per year starting July 1, 2026. Under this new schedule, Barlow will be fully vested by December 31, 2030, if he remains employed through that date. This replaces his prior agreement from December 2017.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 13, 2026 · How we verify