Person | | Shares of Common Stock Owned | | Percent of Class | | | Shares of Common Stock Owned | | Percent of Class | | ||||||||||||||||
United Bancorp, Inc. Employee | | | | 384,404 | | | | | 6.7% | | | | | | 376,853 | | | | | 6.4% | | | ||||
Stock Ownership Plan(1) | | | | | | | | | | | | | | | | | | | | | | | ||||
201 South Fourth Street, | | | | | | | | | | | | | | | | | | | | | | | ||||
Martins Ferry, OH 43935 | | | | | | | | | | | | | | | | | | | | | | |
Name of Beneficial Owner | | Common Shares Owned(1) | | Percent of Class | | | Common Shares Owned(1) | | Percent of Class | | ||||||||||||||||
Gary W. Glessner | | | | 73,655 | | | | | 1.25% | | | | | | 85,460 | | | | | 1.45% | | | ||||
Brian M. Hendershot | | | | 45,774 | | | | | * | | | |||||||||||||||
John M. Hoopingarner | | | | 35,551 | | | | | * | | | | | | 35,551 | | | | | * | | | ||||
Richard L. Riesbeck | | | | 47,428 | | | | | 0.80% | | | | | | 22,313 | | | | | * | | | ||||
Bethany E. Schunn | | | | 11,619 | | | | | * | | | |||||||||||||||
Scott A. Everson | | | | 126,768 | | | | | 2.13% | | | | | | 119,459 | | | | | 2.03% | | | ||||
Matthew F. Branstetter | | | | 44,033 | | | | | * | | | | | | 35,671 | | | | | * | | | ||||
Randall M. Greenwood | | | | 76,057 | | | | | 1.29% | | | | | | 67,937 | | | | | 1.15% | | | ||||
All Directors and Executive Officers as a Group | | | | 678,682 | | | | | 11.47% | | | | | | 692,533 | | | | | 11.71% | | |
Name | | Age | | Principal Occupation for Past Five Years | | Positions and Offices Held with United Bancorp | | Director Since | | | Age | | Principal Occupation for Past Five Years | | Positions and Offices Held with United Bancorp | | Director Since | | ||||||||
Scott A. Everson | | 55 | | Chairman, President and Chief Executive Officer, Unified Bank | | President, Chief Executive Officer, United Bancorp, Director | | 2009 | | | 56 | | Chairman, President and Chief Executive Officer, Unified Bank | | President, Chief Executive Officer, United Bancorp, Director | | 2009 | | ||||||||
Gary W. Glessner | | 56 | | Certified Public Accountant; President, Glessner & Associates, PLLC; Managing Member Glessner Wharton Andrews LLC; Trustee Windmill Truckers Center, Inc.; Managing Member Tiffany’s LLC; Managing Member GWA Realty, LLC; Owner G. W. Rentals, LLC | | Director | | 2013 | | | 57 | | Certified Public Accountant; President, Glessner & Associates, PLLC; Managing Member Glessner Wharton Andrews LLC; Trustee Windmill Truckers Center, Inc.; Managing Member Tiffany’s LLC; Managing Member GWA Realty, LLC; Owner G. W. Rentals, LLC | | Director | | 2013 | | ||||||||
Brian M. Hendershot | | 52 | | President, Ohio-West Virginia Excavating | | Director | | 2023 | | |||||||||||||||||
John M. Hoopingarner | | 68 | | Of Counsel, McMahon DeGulis, LLP | | Director | | 1992 | | | 69 | | Of Counsel, McMahon DeGulis, LLP | | Director | | 1992 | | ||||||||
Richard L. Riesbeck | | 73 | | President, Riesbeck Food Markets, Inc., a regional grocery store chain. Chairman of the Board United Bancorp, Inc. | | Director Chairman | | 1984 2014 | | | 74 | | President, Riesbeck Food Markets, Inc., a regional grocery store chain. Chairman of the Board United Bancorp, Inc. | | Director Chairman | | 1984 2014 | | ||||||||
Bethany E. Schunn | | 42 | | Plant Manager, Cardinal Operating Company | | Director | | 2023 | |
| | THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH OF THE NOMINEES FOR ELECTION TO THE BOARD OF DIRECTORS | | |
| | 2021 | | 2022 | | | 2023 | | 2022 | | ||||||||||||||||
Audit Fees | | | $ | 165,700 | | | | $ | 160,826 | | | | | $ | 183,181 | | | | $ | 149,926 | | | ||||
Audit related | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Tax Fees | | | | 17,000 | | | | | 17,000 | | | | | | — | | | | | 17,000 | | | ||||
Total | | | $ | 182,700 | | | | $ | 177,826 | | | | | $ | 183,181 | | | | $ | 166,926 | | |
| | THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” THE ADOPTION OF THIS NON-BINDING ADVISORY PROPOSAL. | | |
Name and Principal Position | | Year | | Salary ($) | | Bonus ($) | | Stock Awards ($)(3) | | Option Awards ($) | | Non-Equity Incentive Plan Compensation ($) | | Nonqualified Deferred Compensation Earnings ($)(1) | | All Other Compensation ($)(2) | | Total ($) | | | Year | | Salary ($) | | Bonus ($) | | Stock Awards ($)(3) | | Option Awards ($) | | Non-Equity Incentive Plan Compensation ($) | | Nonqualified Deferred Compensation Earnings ($)(1) | | All Other Compensation ($)(2) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Scott A. Everson President & Chief Executive Officer United Bancorp, Inc. Principal Position CEO Unified Bank | | | | | 2022 | | | | | 431,375 | | | | | | | | | | | | | | | | | 118,573 | | | | | | | 11,224 | | | | | 561,172 | | | | | | | 2023 | | | | | 466,378 | | | | | | | | | | | | — | | | | | 127,762 | | | | | | | 12,684 | | | | | 606,824 | | | ||||||||||||||||
| | | 2021 | | | | | 412,075 | | | | | | | | | | | | — | | | | | 162,199 | | | | | | | 17,318 | | | | | 591,592 | | | | | | 2022 | | | | | 431,375 | | | | | | | | | | | | — | | | | | 118,573 | | | | | | | 11,224 | | | | | 561,172 | | | |||||||||||||||||||
| | | 2020 | | | | | 356,853 | | | | | | | 162,500 | | | | | — | | | | | 125,397 | | | | | | | 16,375 | | | | | 661,125 | | | | | | 2021 | | | | | 412,075 | | | | | | | | | | | | | | | | | 162,199 | | | | | | | 17,318 | | | | | 591,592 | | | |||||||||||||||||||
Matthew F. Branstetter Senior Vice President Chief Operating Officer United Bancorp, Inc. Principal Position Chief Operating and Lending Officer Unified Bank | | | | | 2022 | | | | | 215,213 | | | | | | | | | | | | | | | | | 47,347 | | | | | | | 5,444 | | | | | 268,004 | | | | | | | 2023 | | | | | 231,892 | | | | | | | | | | | | | | | | | 51,306 | | | | | | | 5,572 | | | | | 287,770 | | | ||||||||||||||||
| | | 2021 | | | | | 203,031 | | | | | | | | | | | | | | | | | 67,000 | | | | | | | 7,698 | | | | | 277,729 | | | | | | 2022 | | | | | 215,213 | | | | | | | | | | | | | | | | | 60,300 | | | | | | | 5,444 | | | | | 280,957 | | | |||||||||||||||||||
| | | 2020 | | | | | 197,118 | | | | | | | 130,000 | | | | | | | | | | 60,613 | | | | | | | 7,893 | | | | | 395,624 | | | | | | 2021 | | | | | 203,031 | | | | | | | | | | | | | | | | | 67,000 | | | | | | | 7,698 | | | | | 277,729 | | | |||||||||||||||||||
Randall M. Greenwood Senior Vice President, Chief Financial Officer United Bancorp, Inc. Principal Position, CFO, United Bancorp, Inc. | | | | | 2022 | | | | | 203,482 | | | | | | | — | | | | | | | | | | 44,706 | | | | | | | 2,777 | | | | | 250,965 | | | | | | | 2023 | | | | | 218,956 | | | | | | | | | | | | | | | | | 48,444 | | | | | | | 17,309 | | | | | 284,709 | | | ||||||||||||||||
| | | 2021 | | | | | 191,851 | | | | | | | — | | | | | | | | | | 63,311 | | | | | | | 9,682 | | | | | 264,844 | | | | | | 2022 | | | | | 203,482 | | | | | | | — | | | | | | | | | | 56,979 | | | | | | | 2,777 | | | | | 263,238 | | | |||||||||||||||||||
| | | 2020 | | | | | 184,417 | | | | | | | 130,000 | | | | | — | | | | | 56,708 | | | | | | | 5,928 | | | | | 377,053 | | | | | | 2021 | | | | | 191,851 | | | | | | | — | | | | | — | | | | | 63,311 | | | | | | | 9,682 | | | | | 264,844 | | |
| • 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 | |
| | Option Awards | | Stock Awards | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) | | Option Exercise Price ($) | | Option Expiration Date | | Number of Shares or Units of Stock That Have Not Vested (#)(1) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(2) | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) | | Option Exercise Price ($) | | Option Expiration Date | | Number of Shares or Units of Stock That Have Not Vested (#)(1) | | Market Value of Shares or Units of Stock That Have Not Vested ($)(2) | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Scott A. Everson | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 25,000 | | | | $ | 368,000 | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 12,500 | | | | $ | 160,500 | | | | | — | | | | | — | | | ||||||||||||||||||
Matthew F. Branstetter | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 20,000 | | | | $ | 294,400 | | | | | | | | | | | | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 10,000 | | | | $ | 128,400 | | | | | — | | | | | — | | | ||||||||||||||||||
Randall M. Greenwood | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 20,000 | | | | $ | 294,400 | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | 10,000 | | | | $ | 128,400 | | | | | — | | | | | — | | |
Year | | Summary Compensation Table Total for PEO($)(1) | | Compensation Actually Paid to PEO ($)(3) | | Average Summary Compensation Table Total for Non-PEO NEOs ($)(2) | | Average Compensation Actually Paid to Non-PEO NEOs ($)(3) | | Value of Initial Fixed $100 Investment Based On Total Shareholder Return ($) | | Net Income ($)(4) (000’s) | | | Summary Compensation Table Total for PEO ($)(1) | | Compensation Actually Paid to PEO ($)(3) | | Average Summary Compensation Table Total for Non-PEO NEOs ($)(2) | | Average Compensation Actually Paid to Non-PEO NEOs ($)(3) | | Value of Initial Fixed $100 Investment Based On Total Shareholder Return ($) | | Net Income ($)(4) (000’s) | | ||||||||||||||||||||||||||||||||||||||||||||||||
2023 | | | | 606,824 | | | | | 590,387 | | | | | 286,240 | | | | | 273,090 | | | | | 143.61 | | | | | 8,950 | | | |||||||||||||||||||||||||||||||||||||||||||
2022 | | | | 604,798 | | | | | 582,423 | | | | | 272,098 | | | | | 254,198 | | | | $ | 122.50 | | | | | 8,657 | | | | | | 604,798 | | | | | 582,423 | | | | | 272,098 | | | | | 254,198 | | | | | 122.50 | | | | | 8,657 | | | ||||||||||||
2021 | | | | 591,592 | | | | | 744,780 | | | | | 271,287 | | | | | 393,837 | | | | $ | 127.34 | | | | | 9,451 | | | | | | 591,592 | | | | | 744,780 | | | | | 271,287 | | | | | 393,837 | | | | | 127.34 | | | | | 9,451 | | |
| | 2022 | | 2021 | | | | | | | 2023 | | 2022 | | 2021 | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Adjustment | | PEO ($) | | Non-PEO NEOs ($) | | PEO ($) | | Non-PEO NEOs ($) | | | | PEO ($) | | Non-PEO NEOs ($) | | PEO ($) | | Non-PEO NEOs ($) | | PEO ($) | | Non-PEO NEOs ($) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Less Grant date value of equity awards | | | | NA | | | | | NA | | | | | NA | | | | | NA | | | | | | | NA | | | | | NA | | | | | NA | | | | | NA | | | | | NA | | | | | NA | | | | |||||||||||||||||||||||
Year-end fair value of current year award | | | | NA | | | | | NA | | | | | NA | | | | | NA | | | | | | | NA | | | | | NA | | | | | NA | | | | | NA | | | | | NA | | | | | NA | | | | |||||||||||||||||||||||
Year-over-year change in fair value of unvested awards | | | | (48,500) | | | | | (38,800) | | | | | 127,500 | | | | | 102,000 | | | | | | | (23,500) | | | | | (18,800) | | | | | (48,500) | | | | | (38,800) | | | | | 127,500 | | | | | 102,000 | | | | |||||||||||||||||||||||
Change in value of awards vesting during the current year | | | | 6,750 | | | | | 5,400 | | | | | NA | | | | | NA | | | | | | | (3,125) | | | | | (2,500) | | | | | 6,750 | | | | | 5,400 | | | | | NA | | | | | NA | | | | |||||||||||||||||||||||
Dividends paid on unvested awards | | | | 19,375 | | | | | 15,500 | | | | | 25,688 | | | | | 20,550 | | | | | | | 10,188 | | | | | 8,150 | | | | | 19,375 | | | | | 15,500 | | | | | 25,688 | | | | | 20,550 | | | | |||||||||||||||||||||||
Total adjustments | | | | (22,375) | | | | | (17,900) | | | | | 153,188 | | | | | 122,550 | | | | | | | (16,437) | | | | | (13,150) | | | | | (22,375) | | | | | (17,900) | | | | | 153,188 | | | | | 122,550 | | | |
Name | | Fees Earned or Paid in Cash ($) | | Stock Awards ($)(1) | | Non-Equity Incentive Plan Compensation ($) | | Nonqualified Deferred Compensation Earnings ($) | | All Other Compensation ($) | | Total ($) | | | Fees Earned or Paid in Cash ($)(2) | | Stock Awards ($) | | Non-Equity Incentive Plan Compensation ($) | | Nonqualified Deferred Compensation Earnings ($) | | All Other Compensation ($) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||
Gary W. Glessner | | | $ | 48,437 | | | | | — | | | | | — | | | | | — | | | | $ | 154 | | | | $ | 48,591 | | | | | $ | 57,944 | | | | | — | | | | | — | | | | | — | | | | $ | 167 | | | | $ | 58,111 | | | ||||||||||||
Brian M. Hendershot | | | $ | 21,604 | | | | | — | | | | | — | | | | | — | | | | $ | 78 | | | | $ | 21,682 | | | |||||||||||||||||||||||||||||||||||||||||||
John M. Hoopingarner | | | $ | 53,551 | | | | | — | | | | | — | | | | | — | | | | $ | 276 | | | | $ | 53,827 | | | | | $ | 60,369 | | | | | — | | | | | — | | | | | — | | | | $ | 304 | | | | $ | 60,673 | | | ||||||||||||
Richard L. Riesbeck | | | $ | 58,499 | | | | | — | | | | | — | | | | | — | | | | $ | 463 | | | | $ | 58,962 | | | | | $ | 67,535 | | | | | — | | | | | — | | | | | — | | | | $ | 514 | | | | $ | 68,049 | | | ||||||||||||
Bethany E. Schunn | | | $ | 23,047 | | | | | — | | | | | — | | | | | — | | | | $ | 39 | | | | $ | 23,086 | | |
Name | | | Director Compensation Deferred in Last FY ($) | | |||
Scott A. Everson | | | | $ | —(1) | | |
Gary W. Glessner | | | | $ | 48,437 | | |
John M. Hoopingarner | | | | $ | 13,388 | | |
Richard L. Riesbeck | | | | $ | 11,699 | | |