UNITED BANCORP INC /OH/, DEF 14A filed on 3/18/2026
Proxy Statement (definitive)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name UNITED BANCORP, INC.
Entity Central Index Key 0000731653
v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay-Versus-Performance Table
Year
​ ​
Summary
Compensation
Table Total for
PEO
($)
​ ​
Compensation
Actually Paid
to PEO
($)
​ ​
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($)
​ ​
Average
Compensation
Actually Paid
to Non-PEO
NEOs
($)
​ ​
Value of
Initial Fixed
$100 Investment
Based On Total
Shareholder
Return
($)
​ ​
Net Income
($)
(000’s)
​
2025 ​ ​ ​ ​ 650,373 ​ ​ ​ ​ ​ 707,133 ​ ​ ​ ​ ​ 306,240 ​ ​ ​ ​ ​ 351,640 ​ ​ ​ ​ ​ 145.46 ​ ​ ​ ​ ​ 7,753 ​ ​
2024 ​ ​ ​ ​ 940,030 ​ ​ ​ ​ ​ 980,655 ​ ​ ​ ​ ​ 552,274 ​ ​ ​ ​ ​ 584,774 ​ ​ ​ ​ ​ 123.35 ​ ​ ​ ​ ​ 7,402 ​ ​
2023 ​ ​ ​ ​ 606,824 ​ ​ ​ ​ ​ 590,387 ​ ​ ​ ​ ​ 286,240 ​ ​ ​ ​ ​ 273,090 ​ ​ ​ ​ ​ 113.82 ​ ​ ​ ​ ​ 8,950 ​ ​
​
1.
Scott A. Everson was the Registrant’s Principal Executive Officer (PEO) for each of the 2023, 2024 and 2025 fiscal years.
​
2.
For the 2023, 2024 and 2025 fiscal years, the Registrant’s Non PEO NEOs were: Matthew F. Branstetter; and Randall M. Greenwood.
​
3.
The amounts disclosed reflect the following adjustments to the amounts reported in the Summary Compensation Table.
​
​ ​ ​
2025
​ ​
2024
​ ​
2023
​
Adjustment
​ ​
PEO
($)
​ ​
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Non-PEO
NEOs
($)
​
Less Grant date value
of equity awards
​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ (292,000) ​ ​ ​ ​ ​ (233,600) ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​
Year-end fair value of
current year award
​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ 325,000 ​ ​ ​ ​ ​ 260,000 ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​
Year-over-year change in fair value of unvested awards
​ ​ ​ ​ 33,750 ​ ​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (23,500) ​ ​ ​ ​ ​ (18,800) ​ ​
Change in value of awards vesting
during the current year
​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ (14,500) ​ ​ ​ ​ ​ (11,600) ​ ​ ​ ​ ​ (3,125) ​ ​ ​ ​ ​ (2,500) ​ ​
Dividends paid on
unvested awards
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 18,400 ​ ​ ​ ​ ​ 22,125 ​ ​ ​ ​ ​ 17,700 ​ ​ ​ ​ ​ 10,188 ​ ​ ​ ​ ​ 8,150 ​ ​
Total adjustments
​ ​ ​ ​ 56,750 ​ ​ ​ ​ ​ 45,400 ​ ​ ​ ​ ​ 40,625 ​ ​ ​ ​ ​ 32,500 ​ ​ ​ ​ ​ (16,437) ​ ​ ​ ​ ​ (13,150) ​ ​
​
4.
As reported on Registrant’s Consolidated Statements of Income for the applicable fiscal reporting year, as provided under Part II Item 8 of Registrant’s Annual Report on Form 10-K.
   
Named Executive Officers, Footnote
1.
Scott A. Everson was the Registrant’s Principal Executive Officer (PEO) for each of the 2023, 2024 and 2025 fiscal years.
​
2.
For the 2023, 2024 and 2025 fiscal years, the Registrant’s Non PEO NEOs were: Matthew F. Branstetter; and Randall M. Greenwood.
   
PEO Total Compensation Amount $ 650,373 $ 940,030 $ 606,824
PEO Actually Paid Compensation Amount $ 707,133 980,655 590,387
Adjustment To PEO Compensation, Footnote
3.
The amounts disclosed reflect the following adjustments to the amounts reported in the Summary Compensation Table.
​
​ ​ ​
2025
​ ​
2024
​ ​
2023
​
Adjustment
​ ​
PEO
($)
​ ​
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Non-PEO
NEOs
($)
​
Less Grant date value
of equity awards
​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ (292,000) ​ ​ ​ ​ ​ (233,600) ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​
Year-end fair value of
current year award
​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ 325,000 ​ ​ ​ ​ ​ 260,000 ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​
Year-over-year change in fair value of unvested awards
​ ​ ​ ​ 33,750 ​ ​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (23,500) ​ ​ ​ ​ ​ (18,800) ​ ​
Change in value of awards vesting
during the current year
​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ (14,500) ​ ​ ​ ​ ​ (11,600) ​ ​ ​ ​ ​ (3,125) ​ ​ ​ ​ ​ (2,500) ​ ​
Dividends paid on
unvested awards
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 18,400 ​ ​ ​ ​ ​ 22,125 ​ ​ ​ ​ ​ 17,700 ​ ​ ​ ​ ​ 10,188 ​ ​ ​ ​ ​ 8,150 ​ ​
Total adjustments
​ ​ ​ ​ 56,750 ​ ​ ​ ​ ​ 45,400 ​ ​ ​ ​ ​ 40,625 ​ ​ ​ ​ ​ 32,500 ​ ​ ​ ​ ​ (16,437) ​ ​ ​ ​ ​ (13,150) ​ ​
   
Non-PEO NEO Average Total Compensation Amount $ 306,240 552,274 286,240
Non-PEO NEO Average Compensation Actually Paid Amount $ 351,640 584,774 273,090
Adjustment to Non-PEO NEO Compensation Footnote
3.
The amounts disclosed reflect the following adjustments to the amounts reported in the Summary Compensation Table.
​
​ ​ ​
2025
​ ​
2024
​ ​
2023
​
Adjustment
​ ​
PEO
($)
​ ​
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Non-PEO
NEOs
($)
​ ​
PEO
($)
​ ​
Non-PEO
NEOs
($)
​
Less Grant date value
of equity awards
​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ (292,000) ​ ​ ​ ​ ​ (233,600) ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​
Year-end fair value of
current year award
​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ 325,000 ​ ​ ​ ​ ​ 260,000 ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​
Year-over-year change in fair value of unvested awards
​ ​ ​ ​ 33,750 ​ ​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (23,500) ​ ​ ​ ​ ​ (18,800) ​ ​
Change in value of awards vesting
during the current year
​ ​ ​ ​ NA ​ ​ ​ ​ ​ NA ​ ​ ​ ​ ​ (14,500) ​ ​ ​ ​ ​ (11,600) ​ ​ ​ ​ ​ (3,125) ​ ​ ​ ​ ​ (2,500) ​ ​
Dividends paid on
unvested awards
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 18,400 ​ ​ ​ ​ ​ 22,125 ​ ​ ​ ​ ​ 17,700 ​ ​ ​ ​ ​ 10,188 ​ ​ ​ ​ ​ 8,150 ​ ​
Total adjustments
​ ​ ​ ​ 56,750 ​ ​ ​ ​ ​ 45,400 ​ ​ ​ ​ ​ 40,625 ​ ​ ​ ​ ​ 32,500 ​ ​ ​ ​ ​ (16,437) ​ ​ ​ ​ ​ (13,150) ​ ​
   
Total Shareholder Return Amount $ 145.46 123.35 113.82
Net Income (Loss) $ 7,753,000 7,402,000 8,950,000
PEO Name Scott A. Everson    
PEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 56,750 40,625 (16,437)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   (292,000)  
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   325,000  
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 33,750 0 (23,500)
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 23,000 22,125 10,188
PEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   (14,500) (3,125)
Non-PEO NEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 45,400 32,500 (13,150)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   (233,600)  
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   260,000  
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 27,000 0 (18,800)
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 18,400 17,700 8,150
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   $ (11,600) $ (2,500)
v3.26.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure Awards Program, restricted stock awards are generally granted annually on fixed dates determined in advance by the Compensation Committee as a routine part of its annual executive compensation review and adjustment practices. On limited occasions, the Compensation Committee may grant equity awards outside of our annual grant cycle for new hires, promotions, recognition, retention, or other purposes. Our Compensation Committee approves all equity award grants on or before the grant date and does not grant restricted stock awards in anticipation of the release of material nonpublic information. Similarly, the Compensation Committee does not time the release of material nonpublic information based on restricted stock award grant dates.
Award Timing Method Awards Program, restricted stock awards are generally granted annually on fixed dates determined in advance by the Compensation Committee as a routine part of its annual executive compensation review and adjustment practices. On limited occasions, the Compensation Committee may grant equity awards outside of our annual grant cycle for new hires, promotions, recognition, retention, or other purposes.
Award Timing Predetermined true
Award Timing MNPI Considered true
Award Timing, How MNPI Considered Our Compensation Committee approves all equity award grants on or before the grant date and does not grant restricted stock awards in anticipation of the release of material nonpublic information. Similarly, the Compensation Committee does not time the release of material nonpublic information based on restricted stock award grant dates.
MNPI Disclosure Timed for Compensation Value false
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true