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Kansas-based Landmark Bancorp's board adopts new stock ownership guidelines

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Kansas-based Landmark Bancorp's board adopts new stock ownership guidelines

Manhattan, Kan.-based Landmark Bancorp Inc. established certain minimumamounts of company common stock to be held by its directors and certainofficers under new stock ownership guidelines that the board adopted July 20.

The target ownership level for the CEO is 4x the annual basesalary. It is 3x the annual base salary for the CFO and the credit risk manager.

The target ownership level for executive or senior officers participatingin Tier 3 of the 2015 Stock Incentive Plan is 2x the annual base salary, whileit is 1x the annual base salary for those participating in Tier 4 of the 2015Stock Incentive Plan.

For directors, the target ownership level is 4x the annualretainer fees.