Northeast Community Bancorp Inc

1. 1

   Election of Directors

   ManagementBoard: FOR

   To elect four directors (Jose M. Collazo, John F. McKenzie, Joel L. Morgenthau, and Lynette W. Bennett) to serve three-year terms.

2. 2

   Approval of the NorthEast Community Bancorp, Inc. 2026 Equity Incentive Plan

   ManagementBoard: FOR

   To approve the Company’s 2026 Equity Incentive Plan which would replace the 2022 Plan and add 185,000 new shares for issuance (aggregate 204,335), enabling grants of stock options, restricted stock, RSUs, and performance awards to employees, directors and service providers.

   More detail

   The 2026 Equity Incentive Plan seeks shareholder approval to replace the existing 2022 Plan and to add a pool of 185,000 new shares (for a total of 204,335 shares after rollover) to continue equity-based grants to employees, non-employee directors and service providers. Management argues equity compensation is critical for attracting and retaining talent and aligning interests with shareholders; the proposal includes features intended to address governance concerns such as a one-year minimum vesting (with limited 5% exception), prohibition on repricing without shareholder approval, no below-market option grants, prohibition on cash buyouts of underwater options, dividend limitations on unvested awards, and double-trigger vesting on change in control. The Board and Compensation Committee unanimously recommend a vote FOR. The Plan’s size (185,000 new shares) represents an expected share pool lasting roughly four years based on historical grant practices; approval will permit continued use of equity as a material component of compensation. Key considerations include potential dilution to existing shareholders, the relationship between plan awards and executive pay given existing option and restricted stock holdings, and the Plan’s alignment features (clawback policy, recoupment, and 162(m) considerations). Shareholders should assess both the governance protections in the Plan and the expected impact on outstanding shares and executive incentives.

3. 3

   Ratification of Appointment of Independent Auditors

   ManagementBoard: FOR

   To ratify the selection of S.R. Snodgrass, P.C. as independent registered public accounting firm for fiscal year ending December 31, 2026.

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When is the Northeast Community Bancorp Inc 2026 annual meeting?

Northeast Community Bancorp Inc (NECB) holds its 2026 annual shareholder meeting on Thursday, May 21, 2026.

What is the record date for the Northeast Community Bancorp Inc 2026 meeting?

The record date for the Northeast Community Bancorp Inc 2026 meeting is Thursday, April 2, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Northeast Community Bancorp Inc's 2026 meeting?

The board is presenting 4 director nominees at the Northeast Community Bancorp Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Northeast Community Bancorp Inc 2026 meeting?

Shareholders will vote on 3 proposals at the Northeast Community Bancorp Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.