Company: HBCP
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001174947-25-000483
Chunk: 17

Company: HOME BANCORP, INC.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 17
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 including group policies for medical insurance, life insurance and long term disability. We provide individual and family coverage to     
 employees, with the employee being responsible for a fixed premium, under our self-funded plan. We also provide all of our employees with 
 life and long term disability insurance at no cost to the employee. The President and Chief Executive Officer was provided an automobile, 
 with personal mileage being included as income on his Form W-2. We pay club dues for the Chief Executive Officer and Chief Risk Officer.  
 The Chief Executive Officer has three club memberships for meetings with customers. The Chief Risk Officer has one club membership for    
 meetings with customers. The Compensation Committee believes such benefits are appropriate and assist such officers in fulfilling their   
 employment obligations.                                                                                                                   |

Clawback Policy In 2023, our Board amended and restated the Company's Clawback Policy to comply with the SEC's rules and the Nasdaq listing standards. Our Clawback Policy requires the recovery of performance-based equity and cash incentive compensation from our executive officers under certain circumstances. A copy of this policy is filed as Exhibit 97.1 to our Annual Report on Form 10-K for the year ended December 31, 2023 and is incorporated by reference. Practices Related to the Grant of Equity Awards Equity awards are discretionary and are generally granted to our directors, officers and employees by the Compensation Committee of the Board of Directors. Stock options are generally granted to the named executive officers as well as other employees in May of each year, well after the Company's year end financial results are publicly disclosed. In certain circumstances, including the hiring or promotion of an officer, the Compensation Committee may approve grants to be effective at other times. The Compensation Committee did not take material nonpublic information into account when determining the timing and terms of equity awards in 2024, and the Company does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. Additional Components of Executive Compensation In August 2007, we entered into a salary continuation agreement with our President and Chief Executive Officer. The salary continuation agreement, which was amended and restated in May 2019, will provide Mr. Bordelon supplemental retirement benefits of $214,000 per year for 10 years upon his retirement, death, disability or termination in connection with or following a change in control. The salary continuation agreement was deemed appropriate by the Compensation Committee in light of Mr. Bordelon’s performance as President and Chief Executive Officer and as an incentive to retain his services until retirement