Company: ISBA
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0000842517-25-000071
Chunk: 27

Company: ISABELLA BANK CORP
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 27
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 of $40,000 to each non-employee director and $30,000 to each employee director of the Board during 2024. The chairperson of the Board is paid an additional retainer of $15,000, the Audit Committee chair is paid an additional retainer of $8,000, the Nominating & Corporate Governance chair is paid an additional retainer of $1,000, and the chairperson of the Compensation & Human Resource Committee is paid an additional retainer of $4,000.

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The following table displays the cumulative number of stock units of our common stock credited to the accounts of current directors pursuant to the terms of the Directors Plan as of March 14, 2025:

| Name                  |     | # of stock units credited |        |
| Dr. Jeffrey J. Barnes |     |                           | 31,392 |
| David B. Behen(1)     |     |                           |      — |
| Jill Bourland         |     |                           |  1,291 |
| Melinda M. Coffin     |     |                           |  4,192 |
| Jae A. Evans          |     |                           |  2,958 |
| Neil M. McDonnell     |     |                           |    397 |
| Sarah R. Opperman     |     |                           |  6,118 |
| Chad R. Payton        |     |                           |  2,172 |
| Vicki L. Rupp         |     |                           |  4,119 |
| Brian R. Sackett      |     |                           |  3,132 |
| Jerome E. Schwind     |     |                           | 15,639 |

(1) Director appointment effective March 3, 2025.

Under the Directors Plan, upon a participant’s retirement from the Board, or the occurrence of certain other events, the participant is eligible to receive a distribution in the form of shares of our common stock of all of the stock units that are then credited to the participant's account. The plan does not allow for cash settlement. Stock issued under the Directors Plan is restricted stock under the Securities Act of 1933, as amended.

We established a Rabbi Trust to supplement the Directors Plan. The Rabbi Trust is an irrevocable grantor trust to which we may contribute assets for the limited purpose of funding a nonqualified deferred compensation plan. Although we may not reach the assets of the Rabbi