Company: UBCP
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023904
Chunk: 30

Company: UNITED BANCORP INC /OH/
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 30
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 ​ | ​                    | ​ | — | ​ | ​ | ​ | ​                                                | ​ | 20,000 | ​ | ​ | ​ | ​                                                     | $ | 260,000 | ​ | ​ | ​ | ​                                                                                        | ​ | — | ​ | ​ | ​ | ​                                                                                                    | ​ | — | ​ | ​ |
| Randall M. Greenwood   | ​ | ​ | ​                                                             | ​ | — | ​ | ​ | ​ | ​                                                               | ​ | — | ​ | ​ | ​ | ​                                                                                   | ​ | — | ​ | ​ | ​ | ​                      | ​ | — | ​ | ​ | ​ | ​                    | ​ | — | ​ | ​ | ​ | ​                                                | ​ | 20,000 | ​ | ​ | ​ | ​                                                     | $ | 260,000 | ​ | ​ | ​ | ​                                                                                        | ​ | — | ​ | ​ | ​ | ​                                                                                                    | ​ | — | ​ | ​ |

1. Awards granted to Scott Everson (25,000 shares), Randall Greenwood (20,000 shares) and Matthew Branstetter (20,000 shares) vest in August 2033. 2. Market value of $13.00 per share of the Registrants stock as of December 31, 2024. In keeping with the Board’s belief that a key to attracting and retaining good management and directors is a competitive compensation program, in 2008 the Board, through the recommendation of its Compensation Committee, implemented a restricted stock awards program (the “Awards Program”) in accordance with the terms of the shareholder-approved 2008 Stock Incentive Plan. As of December 31, 2024, the Corporation had an aggregate of 40,000 restricted common stock awards to certain Officers and Directors of the Corporation under the 2008 Plan. These awards will cliff vest at the earliest of the individuals’ normal retirement date or 9 years and 6 months from date of grant. The 2008 Plan expired by its terms on April 15, 2018, ten years after its adoption, so awards may no longer be made under the 2008 Plan. All existing awards granted under the 2008 Plan prior to its termination remain outstanding in accordance with their terms. At the 2018 Annual Meeting of Shareholders, shareholders approved the 2018 Plan, which reserved 500,000 shares of the Corporation’s common stock for issuance thereunder for purposes of continuing the Awards