Pathward Financial, Inc. filed a current report on November 9, 2026, disclosing that its Compensation Committee approved a $340,923 cash payment to former President Anthony Sharett in connection with his departure from the company effective October 23, 2026.

Key Highlights

  • Departure date: Anthony Sharett resigned as President of Pathward Financial, Inc. and its subsidiary Pathward, N.A., with employment ending October 23, 2026.
  • Cash payment amount: The Compensation Committee approved a $340,923 payment to Mr. Sharett on November 3, 2026.
  • Payment basis: The amount was tied to the company's achievement of predetermined performance measures for the fiscal year ended September 30, 2026, plus an individual discretionary component.
  • Eligibility condition: Mr. Sharett was not otherwise eligible for the annual incentive award due to his departure, according to the filing.
  • Receipt condition: Mr. Sharett's receipt of the payment is subject to his execution of an Acknowledgement.
  • Filing signatory: The report was signed by Gregory A. Sigrist, Executive Vice President and Chief Financial Officer.

Compensation Committee Decision on Sharett's Fiscal 2026 Incentive Award

According to the filing, Anthony Sharett resigned as President of Pathward Financial, Inc. (NASDAQ:CASH) and its wholly owned subsidiary Pathward, N.A., with his employment ending on October 23, 2026. Because he was no longer employed at the time the annual incentive award would ordinarily have been paid, the filing states he "was not otherwise eligible to receive" it. The Compensation Committee of the Boards of Directors of both the company and Pathward nonetheless approved a cash payment of $340,923 on November 3, 2026.

The filing states that the Committee took into consideration "the fact that Mr. Sharett remained employed by the Company and Pathward during the entire Fiscal 2026 performance period," which ran through September 30, 2026, as well as "Mr. Sharett's years of service and commitment to the Company and the Bank." The payment amount was based on the company's achievement of certain predetermined performance measures for Fiscal 2026 and an individual discretionary component, as described in the filing. Pathward Financial operates Pathward, N.A. as its primary banking subsidiary, providing financial services including payments and banking-as-a-service solutions.

The filing further discloses that Mr. Sharett's receipt of the cash payment is conditioned on his execution of an Acknowledgement. If that Acknowledgement is timely executed, the company stated it intends to file a copy of it as an exhibit to its Annual Report for the fiscal year ended September 30, 2026.

What Was Disclosed

Pathward Financial reported the Compensation Committee's November 3, 2026 approval of a $340,923 cash payment to former President Anthony Sharett, covering his Fiscal 2026 annual incentive award following his October 23, 2026 resignation, subject to his execution of an Acknowledgement.