Five Star Bancorp Grants Change-in-Control Severance Package to Top Executives

Five Star Bancorp announced that its subsidiary, Five Star Bank, has entered into new change in control agreements with two executive officers: Heather Luck, Executive Vice President and Chief Financial Officer, and Michael Rizzo, Executive Vice President and Chief Banking Officer. Under these agreements, if either executive’s employment is terminated without cause or if they resign for good reason within a year following a qualifying change in control, they will receive a severance payment equal to 12 months of base salary plus their most recently paid annual cash bonus. Additionally, any outstanding equity incentive awards will fully vest under these circumstances. The agreements are set to expire on December 31, 2028, if no qualifying change in control has occurred. 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. Five Star Bancorp 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: 0001628280-25-049087), on November 05, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here