Pioneer Bancorp, Inc. Adopts Targeted Incentive Plan

Pioneer Bancorp, Inc. has adopted the Pioneer Bancorp, Inc. Targeted Incentive Plan (the "Plan") effective December 16, 2025. This plan is designed to motivate, attract, and retain qualified executives by providing incentive payments based on achieving specified performance goals. The plan operates on an annual basis, with performance periods running from January 1st to December 31st. Eligible participants include the CEO and other executive officers designated by the Compensation Committee. Incentive targets are set as a percentage of base salary, and performance is measured using a "scorecard" structure with financial, operational, and non-financial metrics, each with assigned weightings. Performance levels include threshold, target, and maximum, with payouts ranging from 50% to 150% of the target incentive, and no awards given for performance below the threshold. Payouts are made in cash by March 15th following the end of the plan year. Termination of employment prior to the award payment date generally results in forfeiture of the award, except in cases of death, disability, or retirement (at or after age 65), where a pro-rated award may be paid. All awards are subject to the Company's clawback policy.