Federal Home Loan Bank of Topeka

03/11/2026 | Press release | Distributed by Public on 03/11/2026 12:54

Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 6, 2026, the Federal Housing Finance Agency ("FHFA") informed Federal Home Loan Bank of Topeka ("FHLBank") of its non-objection to FHLBank's submission of its 2026 Executive Incentive Compensation Plan ("EICP") Targets, Metric Weights, Goal Metrics, and Metric Performance Ranges (the "Target Document") adopted by the Board of Directors of FHLBank ("Board") on December 19, 2025.
Annually, the Board is responsible for establishing performance measures by approving a Target Document for the operations of FHLBank's EICP for the applicable fiscal year. The Target Document covers the 2026 "Base Performance Period" (January 1, 2026 through December 31, 2026) and defines three achievement levels for each Performance Measure: Threshold, Target, and Optimum. Performance between Threshold-Target and Target-Optimum is calculated by linear interpolation. Eligibility in the EICP is limited to a select group of key management or other highly-compensated employees, including FHLBank's Named Executive Officers.
The Target Document establishes metrics for the Base Performance Period, which are measured by the results achieved by FHLBank in attaining specified performance levels in the following three areas and are weighted as follows:
Goal Objective
Metric
Weight
Mission
Alignment
•Advance Penetration (10%)
•Member Participation in Housing and Community Development Programs (10%)
•Housing Supply (10%)
30%
Financial Performance
•Return on Equity Spread (35%)
35%
Risk Management
•Market, Credit, Liquidity (17.5%)
•Compliance, Business, Operations (17.5%)
35%
Total:
100%
FHLBank must also maintain a daily average Total Regulatory Capital of 4.75 percent for 2026. If FHLBank's daily average Total Regulatory Capital as a percentage of average Total Assets is below 4.75 percent for 2026, the Total Base Opportunity for the Financial Performance Goal will be adjusted downward.
Total awards payable under the Target Document are not determinable at this time.
For additional information about FHLBank's EICP, see FHLBank's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2025.
The foregoing description of the Target Document is qualified in its entirety by reference to the Target Document attached hereto as Exhibit 10.1 and incorporated herein by reference.
Federal Home Loan Bank of Topeka published this content on March 11, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 11, 2026 at 18:54 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]