ACNB Corporation (NASDAQ:ACNB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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

On June15, 2017, certain Named Executive Officers of ACNB
Corporation (the Corporation), all of whom are employed by ACNB
Bank, were granted awards of restricted stock (Variable Equity
Awards) to the ACNB Bank Variable Compensation Plan and the
Corporations 2009 Restricted Stock Plan (the Plans). The form of
ACNB Bank Variable Compensation Plan Restricted Stock Agreement
(the Award Agreement) sets forth the material terms of a Variable
Equity Award including the applicable time-based vesting terms,
the treatment of unvested shares of restricted stock upon
termination of employment, and the forfeiture restrictions in the
event the recipients employment with ACNB Bank is terminated.

Subject to earlier forfeiture or accelerated vesting under
circumstances described in the Award Agreement, one-third (1/3)
of the recipients Variable Equity Award shall be 50% vested as of
the date of grant, with the next one-third (1/3) 50% vested as of
January1, 2018, and the final one-third (1/3) 50% vested as of
January1, 2019.

The Variable Equity Awards are subject to the terms of the Plans
and the terms of each recipients Award Agreement. The ACNB Bank
Variable Compensation Plan, the ACNB Corporation 2009 Restricted
Stock Plan, and the form of Award Agreement are filed herewith as
Exhibits 99.1, 99.2 and 99.3, respectively, and incorporated
herein by reference.

ACNB CORP Exhibit
EX-99.3 2 a17-15506_1ex99d3.htm EX-99.3 Exhibit 99.3   ACNB BANK VARIABLE COMPENSATION PLAN RESTRICTED STOCK AGREEMENT   THIS AGREEMENT,…
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About ACNB Corporation (NASDAQ:ACNB)

ACNB Corporation is a financial holding company. The Company’s banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range of property and casualty, life and health insurance to both commercial and individual clients through its subsidiary, Russell Insurance Group, Inc. (RIG). The Company has two segments: the Bank and RIG. RIG is managed separately from the banking segment, which includes the Bank and related financial services that the Company offers through its banking subsidiary. Through its banking and nonbanking subsidiaries, the Company provides a range of banking and financial services to individuals and businesses, including commercial and retail banking, trust and investment management, and insurance. ACNB Bank is a commercial bank. ACNB Bank’s service delivery channels for its customers include the automated teller machine (ATM) network, customer contact center, online, telephone and mobile banking.