Jody G. Street
About Jody G. Street
Jody G. Street, age 54, serves as Executive Vice President and Chief Commercial Banking Officer at Peoples Bancorp of North Carolina’s Peoples Bank, responsible for Commercial Sales across the Bank’s footprint . He joined the Bank in 2013, progressed through Vice President, Business Development Officer, First Vice President, Area Executive (promoted in 2015), and most recently Senior Vice President, Area Executive, leading the commercial team with a focus on Catawba County; he now extends oversight to all markets . Street holds a B.S. in Economics from UNC Chapel Hill and completed the Stonier Graduate School of Banking and Wharton Executive Leadership Program at the University of Pennsylvania . Company-level pay-versus-performance analysis indicates “Compensation Actually Paid” generally aligned with TSR in 2022–2023, and net income increased in 2024 versus 2023 and 2022, reflecting a performance orientation in incentive pay structures .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Peoples Bank | Vice President, Business Development Officer | 2013–2015 | Commercial client acquisition and business development |
| Peoples Bank | First Vice President, Area Executive | 2015–(subsequent years) | Led market expansion initiatives; strengthened connections with commercial clients |
| Peoples Bank | Senior Vice President, Area Executive | Most recent prior to current role | Managed commercial banking team; focus on Catawba County market |
| Peoples Bank | EVP & Chief Commercial Banking Officer | Since Dec 9, 2024 | Expanded oversight to all markets; leads Commercial Sales across footprint |
External Roles
No external directorships or public company board roles disclosed for Jody G. Street .
Fixed Compensation
No Street-specific base salary, target bonus, or actual bonus figures were disclosed in the latest proxy; 2024 named executive officer (NEO) tables cover CEO, former CEO, CFO, and Chief Banking Officer, not Street .
Performance Compensation
The Bank’s Management Incentive Plan links individual incentive pools to attainment of corporate budget and individual goals; incentives are paid annually, and no NEO earned a cash incentive under the plan for fiscal 2024. Discretionary bonuses were awarded to certain NEOs for 2024; Street-specific incentive metrics, weightings, or payouts are not disclosed .
Equity Ownership & Alignment
| Metric | Value | Notes |
|---|---|---|
| Beneficial ownership – Common stock (Direct) | 1,634.8705 shares | As reported on Form 3; event date 12/09/2024; role: EVP, Chief Commercial Officer |
| Ownership % of shares outstanding | ~0.03% | Based on 5,459,441 shares outstanding as of Record Date |
| Derivatives/RSUs/options | None reported on Form 3 | No derivative holdings disclosed on Street’s Form 3 |
| Pledged shares as collateral | Not disclosed | No pledging disclosure specific to Street found; company-level investment securities pledging relates to public deposits, not executive stock |
| Insider trading policy context | Open-window trading; pre-clearance encouraged; prohibits trading on MNPI | Insider Trading and Section 16 Reporting Policy; Award of Stock Rights timing restrictions |
Search note: We searched for Street-specific Forms 4/5 in 2024–2025 and did not retrieve any, beyond the initial Form 3 filing .
Employment Terms
Street-specific employment agreement terms (base salary floor, auto-renewal, severance, change-of-control) were not disclosed. For context, Company employment agreements for certain NEOs provide auto-renewal (24–36 month initial terms), non-reduction of base salary, severance protections, restrictive covenants, and change-of-control economics including up to 2.99× base salary and immediate vesting of unvested RSUs/options upon qualifying termination within one year of a change of control . The Company adopted a Clawback Policy in October 2023 applicable to current and former executive officers under SEC Rule 10D-1, with a three-year lookback for erroneously awarded incentive-based compensation upon restatement; NEO employment agreements were amended in November 2023 to implement compliance .
Investment Implications
- Role scope and experience: Street’s elevation to EVP and Chief Commercial Banking Officer centralizes commercial sales leadership across all markets, suggesting heightened accountability for loan growth, client acquisition, and credit quality leadership—areas directly tied to bank earnings resilience .
- Alignment signals: Direct ownership is modest at ~1.6K shares; no RSU/options position was disclosed for Street, limiting visibility into longer-term equity alignment. The Company’s clawback framework and insider trading controls reduce governance risk around incentive payouts and trading practices .
- Data gaps: Absence of Street-specific salary, bonus targets, RSU grants, and severance/change-of-control terms constrains pay-for-performance and retention analyses. Monitor future 8-K Item 5.02 disclosures and next proxy for employment agreement details, equity grants, and incentive metric structures .
- Company-level compensation governance: Incentive plan linkage to corporate budget and individual objectives, plus demonstrated alignment of “Compensation Actually Paid” with TSR and improving net income in 2024, indicates a performance-sensitive pay environment, though Street’s individualized metrics are not yet visible .