Catalyst Bancorp CEO Zanco base salary set at $350,000 under new three-year employment agreement

Reuters2026/08/18 15:54

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Catalyst Bancorp entered a new employment agreement with CEO Joseph B. Zanco, running from Aug. 17, 2026 to Aug. 17, 2029.
Base salary set at $350,000, with potential increases at the bank board’s discretion.
Agreement provides maximum stock option and restricted stock allocation under existing plans, currently 25% of stock compensation pools.
Additional $500,000 life insurance benefit, payable to his spouse or other beneficiary.
Severance set at 12 months’ base salary on involuntary termination; 36 months’ base salary on change-in-control termination.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Catalyst Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001849867-26-000018), on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Catalyst Bancorp CEO Zanco base salary set at $350,000 under new three-year employment agreement

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