Company: NSTS
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001437749-25-011792
Chunk: 23

Company: NSTS Bancorp, Inc.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 23
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, and Mr. Walker’s compensation as Chief Operating Officer of North Shore Trust and Savings from January 1, 2022 to July 26, 2022. |

| (3) | Amounts in this column represent the payment of a discretionary bonus earned in recognition for performance in the prior year. |

| (4) | In accordance with FASB ASC Topic 718, the reported amount represents the full grant date fair value of each award. Since the 2023 awards vest at a rate of 20% per year beginning in 2024, none of the named executive officers recognized any income from the awards during 2023 but will recognize income in future years as the restricted stock awards vest or options are exercised. The assumptions used in the calculation of these amounts are included in Note 12 to our audited financial statements. For stock option awards, amounts reported are grant date fair values computed based upon the Black-Scholes option valuation model, and the actual value, if any, that may be realized will depend on the excess of the stock price over the exercise price on the date the option is exercised. Therefore, there is no assurance that the value of an option realized by a named executive officer will be at or near the value shown above. For restricted stock awards, the amount shown reflects the aggregate grant date fair value of restricted stock awards granted to each named executive officer in 2023. |

| (5) | The amounts in this column reflect what North Shore Trust and Savings paid for, or reimbursed, the applicable named executive officer for various benefits and perquisites received. Perquisites received consist of club dues. This column does not reflect perquisites and personal benefits received by our named executive officers, the aggregate value of which is less than $10,000. A break-down of the various elements of compensation in this column for calendar year 2023 is set forth in the following table: |

<div align='center'>All Other Compensation</div>

| Name                   |     | 401(k) Match 
 ($)          |        |     | Board Fees 
 ($)        |        |     | Employee Stock 
 Ownership Plan 
 ($)            |        |     | Perquisites 
 Received    
 ($)         |        |     | Total All Other 
 Compensation    |        |
| Stephen G. Lear        |     |              | 14,343 |     |            | 32,000 |     |                | 26,208 |     |             | 12,072 |     |                 | 84