# EDGAR Filing Document

**Accession Number:** 0001330399
**File Stem:** 0001193125-26-013880
**Filing Date:** 2026-1
**Character Count:** 19011
**Document Hash:** d81fc6fdd38e3ff0b4c99a21c7a54c61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-013880.hdr.sgml**: 20260115

**ACCESSION NUMBER**: 0001193125-26-013880

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251119

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260115

**DATE AS OF CHANGE**: 20260115

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federal Home Loan Bank of Pittsburgh
- **CENTRAL INDEX KEY:** 0001330399
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-51395
- **FILM NUMBER:** 26535698

**BUSINESS ADDRESS:**
- **STREET 1:** 301 GRANT STREET, SUITE 2000
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15219
- **BUSINESS PHONE:** 412-288-3400

**MAIL ADDRESS:**
- **STREET 1:** 301 GRANT STREET, SUITE 2000
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15219

?xml version='1.0' encoding='ASCII'? 8-K/A

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

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**FORM** 8-K/A

**(Amendment No. 2)**

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of** 

**the Securities Exchange Act of 1934**

**Date of Report (Date of Earliest Event Reported):** November 19, 2025

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Federal Home Loan Bank of Pittsburgh

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Federally Chartered Corporation** | 000-51395 | 25-6001324 |
| **(State or other jurisdiction** | **(Commission** | **(I.R.S. Employer** |
| **of incorporation)** | **File Number)** | **Identification No.)** |
| 301 Grant Street, Suite 2000**,** Pittsburgh**,** Pennsylvania | 301 Grant Street, Suite 2000**,** Pittsburgh**,** Pennsylvania | 15219 |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Zip Code)** |

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**Registrant's telephone number, including area code:** 412**-**288-3400

**Not Applicable**

**Former name or former address, if changed since last report**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Title of each class | &nbsp;&nbsp;Trading Symbol(s) | &nbsp;&nbsp;Name of each exchange on which registered |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Explanatory Note**

On November 21, 2025, the Federal Home Loan Bank of Pittsburgh (Bank) filed a Current Report on Form 8-K (Original Report) with the Securities and Exchange Commission (SEC) reporting the results of the 2025 Election of Directors by stockholders of the Bank. On December 17, 2025, the Bank filed Amendment No. 1 to the Original Report to add information about the standing Committees of the Bank's Board of Directors (Board) on which the elected and re-elected directors shall serve in 2026.

This Amendment No. 2 on Form 8-K/A further amends and supplements the Original Report to report the Bank's receipt of the Federal Housing Finance Agency's (Finance Agency) non-objection to the Bank's 2026 Directors' Compensation Policy and to describe the terms thereof.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers** 

On January 9, 2026, the Bank received Finance Agency non-objection to the 2026 Directors' Compensation Policy. The Board previously approved the 2026 Directors' Compensation Policy, subject to receipt of Finance Agency non-objection. Effective as of January 1, 2026, the total annual directors' compensation under the 2026 Directors' Compensation Policy shall be paid in two parts: one-half via quarterly retainer fees and the other half in per-meeting attendance fees, generally as follows: 1) $165,000 for the Board Chair; 2) $142,000 for the Board Vice Chair; 3) $137,000 for the Audit Committee Chair; 4) $137,000 for the Governance and Public Policy Committee Chair; 5) $137,000 for the Human Resources/OMWI Committee Chair; 6) $137,000 for the Enterprise Risk Committee Chair; 7) $130,210 for each of the other Committee Chairs; and 8) $123,000 for each of the other directors. The foregoing description of the 2026 Directors' Compensation Policy is qualified in its entirety by reference to the copy of the 2026 Directors' Compensation Policy attached hereto as Exhibit 10.1 and incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits**

(d) Exhibits

**<u>Exhibit No.</u> <u>Description</u>**

10.1 [<u>2026 Directors' Compensation Policy</u>](ck0001330399-ex10_1.htm)\*

\* Denotes management contract or compensatory plan.

**<u>Description</u>**

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

**SIGNATURE(S)**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | Federal Home Loan Bank of Pittsburgh | Federal Home Loan Bank of Pittsburgh |
| *January 15, 2026* | *By:* | */s/ John A. Ott* |
|  |  | *Name: John A. Ott* |
|  |  | *Title: General Counsel, Corporate Secretary & Ethics Officer* |

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## Exhibit 10.1

![img22482232_0.jpg](img22482232_0.jpg)**2026 DIRECTORS' COMPENSATION POLICY**

# OBJECTIVE
Section 1261.22 of the Rules and Regulations of the Federal Housing Finance Agency requires that the Board of Directors adopt a written policy to provide for the payment of reasonable compensation to Directors for the performance of their duties as members of the Board of Directors.

Pursuant to that regulation, this Directors' Compensation Policy ("Policy") sets forth the activities and functions for which attendance is necessary and appropriate and may be compensated and sets forth the methodology for determining the amount of compensation to be paid. This Policy shall be reviewed annually by the Governance and Public Policy Committee.

# POLICY
**Total Compensation**

The compensation paid to Directors shall be in conformity with the guidelines set forth in this Policy. The Policy guidelines on Director Compensation for 2026 are $165,000 for the Board Chair; $142,000 for the Board Vice Chair; $137,000 for the Audit Committee Chair; $137,000 for the Governance and Public Policy Committee Chair; $137,000 for the Human Resources/OMWI Committee Chair; $137,000 for the Enterprise Risk Committee Chair; $130,210 for each other Committee Chair, and $123,000 for each of the other Director. Compensation can exceed the guidelines set forth above based on a Director assuming additional responsibilities, such as chairing a Committee or Board meeting. The total compensation shall be paid in two parts: one-half via retainer fees and the other half in meeting attendance fees.<sup>1</sup>

# Quarterly Retainer <sup>2</sup>
In order to compensate Directors for their time while serving as Directors outside of regular Standing Committee and Board meetings, Directors shall be paid a quarterly retainer. The retainer shall compensate Directors for their time preparing for meetings, attending Affordable Housing Advisory Council meetings, attending Bank System meetings, Board training sessions, and other activities outside of normal Committee and Board meetings. The amount of the quarterly retainer varies depending on the responsibilities of the Director as set forth below:

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| | |
|:---|:---|
| Board Chair | $20625 |
| Board Vice Chair | $17750 |
| Committee Chair of Audit, ERMC, GPP & HR/OMWI | $17125 |
| Other Committee Chairs | $16276 |
| Director | $15375 |

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<sup>1</sup> Board and Standing Committee meeting attendance fees are adjusted in the final meeting fee payments for the year, as applicable, such that the aggregate of the meeting and retainer fees do not exceed the applicable maximum guideline amounts in this Policy.

<sup>2</sup> Quarterly retainer fees are rounded to the nearest dollar.

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![img22482232_1.jpg](img22482232_1.jpg)**2026 DIRECTORS' COMPENSATION POLICY**

# Board Meeting Fees <sup>1</sup>
In order to compensate Directors for their time while serving as Directors, each Director that attends a meeting of the Board of Directors (including Committee meetings and participating by telephone) shall be paid a Board Meeting Attendance Fee. The amount of the Board Meeting Attendance Fee varies depending on the role served at the meeting. The following Board Meeting Attendance Fees shall be paid to Directors in attendance at Board of Director's meetings (including telephonic Board meetings):

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| | |
|:---|:---|
| Board Chair | $6875 |
| Board Vice Chair | $5917 |
| Committee Chair of Audit, ERMC, GPP & HR/OMWI | $5708 |
| Other Committee Chairs | $5425 |
| Director | $5125 |

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In the absence of the Chair, the Acting Chair, whether it be the Vice Chair or Chair Pro Tem, shall receive the Chair Board Meeting Attendance Fee. Board Meeting Attendance Fees are paid per meeting day.<sup>2</sup>

# Standing Committee Meeting Fees <sup>3</sup>
In order to compensate Directors for their time while serving as Directors, each Director that attends a Standing Committee meeting (including participating by telephone) shall be paid a Standing Committee Meeting Attendance Fee. The amount of the Standing Committee Meeting Attendance Fee varies among Directors in attendance at the meeting. The following Standing Committee Meeting Attendance Fees shall be paid to Directors in attendance at Standing Committee Director's meetings:

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| | |
|:---|:---|
| Board Chair | $6875 |
| Board Vice Chair<br>Committee Chair of Audit, ERMC, GPP & HR/OMWI | $5917<br>$5708 |
| Other Committee Chairs | $5425 |
| Director | $5125 |

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Standing Committee Meeting Attendance Fees are paid per meeting day, not per Committee meeting. No Committee Attendance Fee will be paid if a Board Meeting Attendance Fee is paid for the same day.<sup>4</sup>

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<sup>1</sup> Board meeting attendance fees are rounded to the nearest dollar.

<sup>4</sup> For the purpose of calculating the Board Meeting Attendance fees, fees are paid according to attendance at a regular Board Meeting (only six meetings per calendar year, two days per meeting, 12 Board Meeting days maximum). Fees are not earned for interim or additional Board Meetings that may occur from time to time.

<sup>5</sup> The Standing Committees are Audit, Finance, Governance and Public Policy, Human Resources/OMWI, Membership, Credit & Community Investment, and Operational Risk. The Enterprise Risk Management Committee is a committee of the full Board of Directors and is not considered Standing Committees for the purposes of this Director Compensation Policy.

<sup>6</sup> In the event a Standing Committee Meeting is held on a day different than a regular Board Meeting day, then the attendance fees shall be paid as follows: the Standing Committee Meeting Attendance fee, one-half of the Board Meeting Attendance Fee for the first day, and one-half of the Board meeting fee for the second day. Fees are not earned for interim or additional Standing Committee meetings that may occur from time to time.

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![img22482232_1.jpg](img22482232_1.jpg)**2026 DIRECTORS' COMPENSATION POLICY**

# Prorated Fees
A Director's quarterly retainer fees will be prorated for the number of days in the quarter that they actually served on the Board in the event a Director leaves the Board mid-quarter.

# Methodology
In 2025, Aon conducted a director compensation study for the FHLBanks. This data was considered, along with the 2025 guidance from the Federal Housing Finance Agency and data on the director compensation levels at the other FHLBanks to form the basis for the Bank's Directors' Compensation Policy (including compensation levels and fee structure) for 2025.

# Attendance
Directors must fulfill their responsibilities by regularly attending and participating, either in person or telephonically, in at least 75 percent of meetings of the Board of Directors and assigned Committees within a given calendar year. The Board of Directors reserves the right to direct the Corporate Secretary to adjust downward or eliminate the fourth quarter retainer payment to any Director who fails to meet this attendance requirement.

# Travel
The Directors shall be reimbursed for travel, subsistence and other related expenses incurred in connection with the Directors duties under the terms and conditions of the Bank's Travel and Expense Policy; provided, however, a Director may not be paid or reimbursed for gift or entertainment expenses.

# Disclosure
The Bank shall disclose in its annual report to the Federal Housing Finance Agency the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the sum of the total compensation paid to its Directors in that year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the sum of the total expenses paid to its Directors in that year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the total compensation paid to each Director in that year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the total expenses paid to each Director in that year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the total of all expenses incurred at group functions that are not reimbursed to individual Directors in that year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)the total number of Board meetings and Committee meetings held in that year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)the total number of Board and Committee meetings that each Director attended in that year; and

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![img22482232_1.jpg](img22482232_1.jpg)**2026 DIRECTORS' COMPENSATION POLICY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)a summary of this Policy.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**APPROVAL DATE:**<br>October 14, 2025  | &nbsp;&nbsp;**POLICY OWNER:**<br>General Counsel, Corporate Secretary & Ethics Officer | &nbsp;&nbsp;**REVIEWING MANAGEMENT COMMITTEE:** <br>N/A |
| &nbsp;&nbsp;**APPROVAL FREQUENCY:** <br>Annually | &nbsp;&nbsp;**APPLICABILITY:**<br>Bank-wide | &nbsp;&nbsp;**APPROVING BOARD COMMITTEE:**<br>Governance & Public Policy Committee |

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**POLICY ADMINISTRATION**

<u>Approval of Exceptions</u>. All exceptions under this Policy must be approved by the Policy Owner or the President and must be reported to the Approving Committee listed above.

<u>Policy Interpretations</u>. The Policy Owner may make interpretations of this Policy. All interpretations shall be summarized in a memo and maintained along with the Policy.

**COMPLIANCE MONITORING**

The Policy Owner will be responsible for monitoring the compliance with this Policy.

**APPLICABLE LAWS AND REGULATIONS**

12 USC § 1427

12 CFR § 1261.22

**RELATED POLICIES; BANK-WIDE PROCEDURES**

Code of Business Conduct

Policy Governance Standards

**DEFINED TERMS**

None

**POLICY HISTORY LOG**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;<u>Date</u> | &nbsp;&nbsp;<u>Change</u> | &nbsp;&nbsp;<u>Notes</u> |
| &nbsp;&nbsp;October 14, 2025 | &nbsp;&nbsp;Annual approval, effective January 1, 2026 |  |
| &nbsp;&nbsp;March 18, 2025 | &nbsp;&nbsp;Annual approval, effective January 1, 2025 |  |
| &nbsp;&nbsp;December 14, 2023 | &nbsp;&nbsp;Annual approval, effective January 1, 2024 |  |
| &nbsp;&nbsp;October 20, 2022 | &nbsp;&nbsp;Annual approval, effective January 1, 2023 |  |

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![img22482232_1.jpg](img22482232_1.jpg)**2026 DIRECTORS' COMPENSATION POLICY**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;July 1, 2022 | &nbsp;&nbsp;Update General Counsel's title |  |
| &nbsp;&nbsp;October 22, 2021 | &nbsp;&nbsp;Annual approval, effective January 1, 2022 |  |
| &nbsp;&nbsp;October 21, 2020 | &nbsp;&nbsp;Annual approval, effective January 1, 2021 |  |
| &nbsp;&nbsp;August 23, 2019 | &nbsp;&nbsp;Annual approval, effective January 1, 2020 | &nbsp;&nbsp;Updated to reflect 2019 McLagan Report. |
| &nbsp;&nbsp;October 25, 2018  | &nbsp;&nbsp;Annual approval, effective January 1, 2019 | &nbsp;&nbsp;Updated to reach midpoint as reflected in 2017 McLagan Report.  |
| &nbsp;&nbsp;October 27, 2017 | &nbsp;&nbsp;Annual approval, effective January 1, 2018 | &nbsp;&nbsp;Updated to reflect 2017 McLagan Report. |
| &nbsp;&nbsp;October 21, 2016 | &nbsp;&nbsp;Annual approval, effective January 1, 2017 | &nbsp;&nbsp;Updated to reflect 2015 McLagan Report. |
| &nbsp;&nbsp;October 23, 2015 | &nbsp;&nbsp;Annual approval, effective January 1, 2016 | &nbsp;&nbsp;Updated to reflect 2015 McLagan Report. Submitted to FHFA 11-5-2015 |
| &nbsp;&nbsp;October 24, 2014 | &nbsp;&nbsp;Annual approval |  |
| &nbsp;&nbsp;February 21, 2014 | &nbsp;&nbsp;Updated and approved | &nbsp;&nbsp;Per request from FHFA |
| &nbsp;&nbsp;December 18, 2013 | &nbsp;&nbsp;Annual approval |  |

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