STOCK TITAN

Chain Bridge Bancorp (NYSE: CBNA) revises cash bonuses and retirement vesting

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

On July 14, 2026, Chain Bridge Bancorp, Inc.’s Board, following its Compensation Committee’s recommendation, adopted a new Short-Term Incentive Cash Compensation Plan, an annual cash bonus program for employees of Chain Bridge Bank, N.A., including named executive officers. Awards are set as a percentage of salary by tier, and for named executive officers the target opportunity is 100% of salary. Awards generally require employment through year-end, but prorated payouts remain possible after retirement at age 65, death, or total disability.

The Board also approved an amended and restated Long-Term Cash Incentive Plan, effective July 14, 2026. All unvested long-term cash awards now vest in full when a participant separates from service on or after their retirement date at age 65, provided they have at least three years of service to the bank, regardless of grant date. This revised vesting applies to awards outstanding as of the effective date that were granted on or after September 10, 2024, including those held by named executive officers.

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Filing Explained

Effective July 14, the amended long-term cash plan replaces a rule limited to awards granted at least three years before retirement with full vesting of all unvested awards when an eligible participant retires at age 65 after three years of Bank service, broadening the awards that can vest at retirement.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Short-Term Plan target for named executive officers 100% of salary Award opportunity level for named executive officers under the Short-Term Incentive Cash Compensation Plan
Retirement age for incentive plan treatment 65 Age at which participants qualify for retirement-related provisions in both incentive plans
Minimum service period for full long-term vesting three years Service at the bank required for full vesting of unvested long-term awards upon retirement
Effective date of new and amended plans July 14, 2026 Date the Board adopted the Short-Term Plan and the amended and restated Long-Term Plan
Prior amendment date referenced for Long-Term Plan awards September 10, 2024 Date of the earlier amendment governing which outstanding long-term awards are subject to the new terms
Short-Term Incentive Cash Compensation Plan financial
"adopted the Short-Term Incentive Cash Compensation Plan, effective July 14, 2026"
Long-Term Cash Incentive Plan financial
"adopted an amendment and restatement of the Company’s Long-Term Cash Incentive Plan"
Section 16 of the Securities Exchange Act of 1934 regulatory
"officers of the Company subject to Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
separation from service financial
"vest in full upon a participant’s separation from service on or after the participant’s retirement date"

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FAQ

What short-term incentive plan did Chain Bridge Bancorp (CBNA) approve on July 14, 2026?

Chain Bridge Bancorp approved a Short-Term Incentive Cash Compensation Plan effective July 14, 2026. It is an annual cash program run by the Compensation Committee for bank employees, including named executive officers, with awards tied to performance objectives established under the plan.

Who is eligible for the new Short-Term Incentive Cash Compensation Plan at CBNA?

Eligible participants include employees of Chain Bridge Bank, N.A., selected and classified by the Compensation Committee. This group specifically includes the company’s named executive officers, whose awards are determined under the same plan framework and approved by the Board for Section 16 officers.

What is the incentive opportunity for CBNA’s named executive officers under the Short-Term Plan?

For Chain Bridge Bancorp’s named executive officers, the Compensation Committee set the award opportunity at 100% of salary, unless it decides otherwise. Actual cash awards depend on achieving performance objectives and on the executive remaining employed through the end of the plan year, subject to limited exceptions.

How did CBNA change vesting under its Long-Term Cash Incentive Plan for retirees?

Under the amended Long-Term Cash Incentive Plan, all unvested awards vest in full when a participant separates from service on or after their retirement date at age 65, if they have at least three years of service, regardless of when the awards were granted.

Which awards are covered by the amended Long-Term Cash Incentive Plan at CBNA?

The amended Long-Term Plan governs all awards outstanding as of July 14, 2026 that were granted on or after September 10, 2024. This includes long-term cash incentive awards held by Chain Bridge Bancorp’s named executive officers participating in the plan.

When can CBNA employees still receive prorated short-term awards if they leave before year-end?

Participants remain eligible for a proportional award under the Short-Term Plan if employment ends before year-end due to retirement after age 65, death, or total disability. In those situations, the plan allows a prorated incentive rather than requiring full-year employment.
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 14, 2026
Chain Bridge Bancorp, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number: 001-42302
Delaware
20-4957796
(State or other jurisdiction of
 incorporation)
(IRS Employer
Identification No.)
1445-A Laughlin Avenue, McLean, VA
22101
(Address of principal executive offices)(Zip Code)
(703)-748-2005
(Registrant’s telephone number, including area code)
______________________
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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:
Title of each class
Trading
Symbol
Exchange
on which
registered
Class A common stock, par value $0.01 per share
CBNA
NYSE
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company x
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. x



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

(e) Compensatory Arrangements of Certain Officers.
On July 14, 2026, the Board of Directors (the “Board”) of Chain Bridge Bancorp, Inc. (the “Company”), upon the recommendation of its Compensation Committee, adopted the Short-Term Incentive Cash Compensation Plan, effective July 14, 2026 (the “Short-Term Plan”). The Short-Term Plan is an annual cash incentive plan administered by the Compensation Committee, under which the Compensation Committee selects and classifies employees of Chain Bridge Bank, N.A. (the “Bank”), including the Company’s named executive officers, as eligible to receive annual cash incentive awards based on performance objectives determined by the Compensation Committee in accordance with the plan. Final approval of all awards rests with the Board, which acts upon the recommendation of the Compensation Committee for participants who are officers of the Company subject to Section 16 of the Securities Exchange Act of 1934. Award opportunities are expressed as a percentage of each participant’s salary based on the participant’s tier. Unless otherwise determined by the Compensation Committee, such percentage for the Company’s named executive officers is 100%. Awards under the plan are subject to the participant’s employment through the end of the year; provided, however, that if an individual’s employment terminates prior to the end of the year because of retirement after reaching age 65, death, or total disability, they will remain eligible for a prorated award under the Short-Term Plan.

Also on July 14, 2026, the Board, upon the recommendation of its Compensation Committee, adopted an amendment and restatement of the Company’s Long-Term Cash Incentive Plan (the “Long-Term Plan”), effective July 14, 2026, in which the Company’s named executive officers participate. As amended and restated, the Long-Term Plan provides that all unvested awards vest in full upon a participant’s separation from service on or after the participant’s retirement date (age 65) and after at least three years of service to the Bank, regardless of when the awards were granted. Under the Long-Term Plan as in effect before this amendment and restatement, only unvested awards granted at least three years before the participant’s retirement date vested upon such a separation from service. The amended and restated Long-Term Plan governs all awards outstanding as of the effective date that were granted on or after September 10, 2024 (the date of the prior amendment and restatement of the Long-Term Plan), including awards held by the Company’s named executive officers.

The foregoing summaries are qualified in their entirety by reference to the full text of the Short-Term Plan and the Long-Term Plan, which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.




Item 9.01 Financial Statements and Exhibits.

Exhibit NumberDescription of Exhibit
10.1*
Chain Bridge Bancorp, Inc. and Chain Bridge Bank, N.A. Short-Term Incentive Cash Compensation Plan
10.2*
Chain Bridge Bancorp, Inc. Amended and Restated Long-Term Cash Incentive Plan
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
* Management contract or compensatory plan or arrangement.







SIGNATURE
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.

CHAIN BRIDGE BANCORP, INC.
(Registrant)
Date: July 20, 2026
By:
/s/ John J. Brough


Name:
Title:
John J. Brough
Chief Executive Officer and Director

Filing Exhibits & Attachments

5 documents