Private Bancorp of America granted CEO Richard L. Sowers an option on Aug. 4, 2026 to buy 30,000 common shares.
Exercise price set at USD 85.65 per share; option expires on the 10th anniversary of the grant date.
Vesting tied to delivery of the company’s 2028 audited financial statements, performance goals in the award agreement, continued employment through vesting.
Award includes standard forfeiture provisions, including clawback terms for incentive compensation.
PBAM•
