Company: UBCP
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023904
Chunk: 28

Company: UNITED BANCORP INC /OH/
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 28
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 of Unified Bank (the “Bank”) in the following categories: loan and deposit growth; return on average assets; and return on average equity. Under the plan, the potential incentive award of the Corporation’s Named Executive Officers for the year is 75% based upon the Corporation meeting or exceeding its earnings per share from the previous year. The balance of 25% of this cash-based incentive compensation is based upon the Bank’s financial performance. Under the plan, each executive officer is entitled to receive earnings per share incentive awards as follows:

| ​ | •                                                      
 Earnings per share equal to previous year:             
 ​                                                      | ​ | ​ | 75% of Base Multiple  | ​ |
| ​ | •                                                      
 05% Increase in earnings per share over previous year: 
 ​                                                      | ​ | ​ | 100% of Base Multiple | ​ |
| ​ | •                                                      
 10% Increase in earnings per share over previous year: 
 ​                                                      | ​ | ​ | 125% of Base Multiple | ​ |
| ​ | •                                                      
 15% Increase in earnings per share over previous year: 
 ​                                                      | ​ | ​ | 150% of Base Multiple | ​ |
| ​ | •                                                      
 17% Increase in earnings per share over previous year: 
 ​                                                      | ​ | ​ | 175% of Base Multiple | ​ |
| ​ | •                                                      
 20% Increase in earnings per share over previous year: 
 ​                                                      | ​ | ​ | 200% of Base Multiple | ​ |

**The Corporation’s diluted earnings per share for 2024 was $1.27 compared to $1.57 for 2023. Based upon the recommendation of the Compensation Committee, the Corporation Officers were awarded a discretionary level award of 100% base multiple for 2024.

30

Outstanding Equity Awards at Fiscal Year-End**

| ​                      
 Name                   | ​ 
 ​ | ​ 
 ​ | Option Awards                                                 
 Number ofSecuritiesUnderlyingUnexercisedOptions(#)Exercisable |   |   |   | ​ | ​ | Number ofSecuritiesUnderlyingUnexercisedOptions(#)Unexercisable |   |   |   | ​ | ​ | EquityIncentivePlanAwards:NumberofSecuritiesUnderlyingUnexercisedUnearnedOptions(#) |   |   |   | ​ | ​ | OptionExercisePrice($) |   |   |   | ​ | ​ | OptionExpirationDate |   |   |   |