on July 5, 2023, Elizabeth T. Beale notified Old Point Financial Corporation of her decision to resign as Senior Vice President/Finance and principal financial and accounting officer of the Company and as Chief Financial Officer & Executive Vice President of the Bank. Ms. Beale remained with the Company in those roles until September 4, 2023, on which date her resignation from the Company and the Bank was effective. On September 1, 2023, in consideration of Ms. Beale?s contributions and dedicated service to the Company and the Bank, the Compensation and Benefits Committee of the Company?s Board of Directors accelerated the vesting (to such resignation date) of 984 shares of restricted stock held by Ms. Beale that otherwise would have vested on May 3, 2024, and 916 shares of restricted stock held by Ms. Beale that otherwise would have vested on May 3, 2025.

Ms. Beale?s resignation was not the result of any disagreement with the Company or Bank on any matter relating to the Company?s or Bank?s operations, policies, practices, financial disclosures, accounting practices or internal controls.