Company: ISBA
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0000842517-25-000071
Chunk: 24

Company: ISABELLA BANK CORP
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 24
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4, that would have resulted in an additional credit to Jerome E. Schwind's SERP account of $543,500, William M. Schaefer's SERP account of $240,000, and Neil M. McDonnell's SERP account of $382,500 and a total credit for each individual of $827,520, $245,275, and $618,265, respectively.

Under the RSP, each participant would become 100% vested in their RSP account upon a change in control. Under certain conditions, following a change in control, if a participant is involuntarily terminated without cause or voluntarily terminates for good reason all nonvested shares would be fully vested. If termination took place on December 31, 2024, that would have resulted in vested shares to Jerome E. Schwind's RSP account of 8,257 ($214,599), William M. Schaefer's RSP account of 558 ($14,502), and Neil M. McDonnell's RSP account of 5,918 ($153,809).

#### Pay Versus Performance
The following table presents certain information regarding compensation paid and certain financial performance measures in each of the last three years ended December 31, 2024, for the CEO and other NEOs as a group, as disclosed in the Summary Compensation table above.

| Year |     | Summary compensation table total for CEO ($) |         |     | Compensation actually paid to CEO ($)(1) |         |     | Average summary compensation table total for non-CEO NEOs ($) |         |     | Average compensation actually paid to non-CEO NEOs ($)(2) |         |     | Value of initial                                            
 fixed $100 investment based on total shareholder return ($) |     |     | Net income        
 (in thousands)($) |        |
| 2024 |     |                                              | 870,098 |     |                                          | 911,433 |     |                                                               | 351,301 |     |                                                           | 377,134 |     |                                                             | 119 |     |                   | 13,889 |
| 2023 |     |                                              | 734,892 |     |                                          | 706,872 |     |                                                               | 457,794 |     |                                                           | 441,732 |     |                                                             | 127 |     |                   | 18,167 |
| 2022 |     |                                              | 755,512 |     |                                          | 729,259 |