Exhibit 97.1
Equity Bancshares, Inc.
Compensation Recovery Policy
(Effective November 1, 2023)
The following Equity Bancshares, Inc. Compensation Recovery Policy (the “Policy”) is hereby adopted by the Board of Directors (the “Board”) of Equity Bancshares, Inc. (the “Company”), effective November 1, 2023 (the “Effective Date”). The Policy is the successor to and restates the Company’s Compensation Recovery Policy that was adopted October 1, 2021 (the “Prior Policy”).
The Policy is intended to comply with Section 10D of the Securities and Exchange Act of 1934 (the “Exchange Act”), Rule 10D-1 thereunder, and the applicable rules of the New York Stock Exchange or any other national securities exchange on which the Company’s securities are then listed (the “Exchange”) and will be interpreted and administered consistent with that intent.
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For purposes of this policy, a Restatement shall not be deemed to occur in the event of a revision of the Company’s financial statements due to an out-of-period adjustment (i.e., when the error is immaterial to the previously issued financial statements and the correction of the error is also immaterial to the current period) or a retrospective (i) application of a change in accounting principles; (ii) revision to reportable segment information due to a change in the structure of the Company’s internal organization; (iii) reclassification due to a discontinued operation; (iv) application of a change in reporting entity, such as from a reorganization of entities under common control; or (v) revision for stock splits, reverse stock splits, stock dividends, or other changes in capital structure.
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EXHIBIT A
Equity Bancshares, Inc. Compensation Recovery Policy
Form of Acknowledgement and Agreement
This Equity Bancshares, Inc. Compensation Recovery Policy Acknowledgment and Agreement (this “Agreement”) is entered into effective as of the 1st day of November, 2023 (the “Effective Date”), between Equity Bancshares, Inc. (the “Company”) and __________________ (the “Covered Individual”). Capitalized terms used but not defined in this Agreement have the meanings ascribed such terms in the Equity Bancshares, Inc. Compensation Recovery Policy, as adopted by the Board effective November 1, , 2023 (as the same may be amended and/or restated from time to time (the “Compensation Recovery Policy”).
Recitals:
WHEREAS, the Covered Individual is an Officer or Other Employee, each within the meaning of the Compensation Recovery Policy;
WHEREAS, the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) administers the Compensation Recovery Policy; and
WHEREAS, in consideration of, and as a condition to the Covered Individual’s receipt of any Incentive-Based Compensation (as defined in the Compensation Recovery Policy) on or after the Effective Date, the Covered Individual and the Company are entering into this Agreement.
Agreement:
NOW, THEREFORE, the Company and the Covered Individual hereby agree as follows:
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
EQUITY BANCSHARES, INC. |
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COVERED INDIVIDUAL |
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