Company: EMYB
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001449794-25-000004
Chunk: 27

Company: Embassy Bancorp, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 27
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 and net income than the average of its peers, it is beneficial for the Company to pay such employees for their high level of expectations and resulting performance.

Risk Management

The Board of Directors believes that its compensation philosophy and the resultant compensation paid to the Company’s employees, and the programs and practices on which such compensation decisions are based, are reasonable and do not present any risks that are reasonably likely to have a material adverse effect on the Company.

More specifically, with respect to risk management, the Board believes that by allocating a significant percentage of an employee’s total compensation to salary, not linking annual incentive compensation to pre-determined annual performance criteria, and rewarding employees for their efforts on an employee-by-employee basis, the Company’s compensation program is fair to the Company and the employee, and any incentive for an employee to take unnecessary and excessive risk is adequately minimized.

Long Term Performance

Finally, and most importantly, the Board believes that its approach to compensation has enabled the Company to enjoy a stable team of highly engaged banking professionals who have continued to fine tune the Company’s unique business model, culture, and resulting performance growing the Company from $0 in assets to over $1.7 billion in assets with minimal shareholder dilution over approximately the last sixteen (16) years.

ExecutiveCompensation

The following Executive Officers have been identified as “Named Executive Officers” for 2024: David M. Lobach, Jr.-Chairman, President and Chief Executive Officer; Judith A. Hunsicker-First Executive Officer, Chief Operating and Financial Officer; Diane M. Cunningham-Senior Executive Vice President and Lynne M. Neel-Senior Executive Vice President.

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Summary Compensation Table The table below sets forth the compensation awarded to, earned by, or paid to each of the Named Executive Officers for the year ended December 31, 2024, and the prior fiscal year ended December 31, 2023. While employed, executives are entitled to base salary, participation in the executive compensation programs identified below, and other benefits common to all employees of the Bank.

| Name and Principal Position                                                                                                                       | Year | Salary ($) (1) |         |     | Bonus ($) |         |     | Option Awards ($) |   |     | Stock Awards ($) (2) |        |     | Non-qualified Deferred Compensation Earnings ($) (3) |         |     | All Other Compensation 
 ‎($) (4)               |        |     | Total ($) |           |
|:--------------------------------------------------------------------------------------------------------------------------------------------------|