Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-16

Third Coast Bancshares, Inc. (TCBX)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,503,561
Bart Caraway total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against TCBX
9 companies name TCBX as a compensation peer

Each company listed discloses TCBX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TCBX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bart Caraway$654,231$1,287,500$385,457$0$0$0$176,373$2,503,561
Chairman of the Board, President and Chief Executive Officer
R. John McWhorter470,192615,625144,868000336,1731,566,858
Senior Executive Vice President and Chief Financial Officer
William Bobbora522,192406,250184,30700078,8811,191,630
Executive Vice President and Chief Banking Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Bart Caraway$2,503,561$1,703,325+800,236
R. John McWhorter1,566,8581,252,910845,367+313,948
William Bobbora1,191,6301,102,206+89,424

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Shelton J. McDonaldDirector2026-05-07D6,000$16$98,580Derivative, Class A CommonForm 4 ↗
Shelton J. McDonaldDirector2026-05-07A6,0001698,580CommonForm 4 ↗
Mary StichDirector2026-05-21A1,31800CommonForm 4 ↗
Reagan SwinbankDirector2026-05-21A1,31800CommonForm 4 ↗
Clint GreenleafDirector2026-05-21A1,31800CommonForm 4 ↗
Troy A. GlanderDirector2026-05-21A1,31800CommonForm 4 ↗
Dennis BonnenDirector2026-05-21A1,31800CommonForm 4 ↗
David PhelpsDirector2026-05-21A1,31800CommonForm 4 ↗
Dr. Martin BasalduaDirector2026-05-21A1,31800CommonForm 4 ↗
Lynn EisenhartDirector2026-05-21A1,31800CommonForm 4 ↗
Carolyn BaileyDirector2026-05-21A1,31800CommonForm 4 ↗
Greg BonnenDirector2026-05-21A1,31800CommonForm 4 ↗
Joseph L. StunjaDirector2026-05-21A1,31800CommonForm 4 ↗
Troy A. GlanderDirector2026-06-15D2,50040100,728CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
R. John McWhorterOTHER$144,868
William BobboraOTHER184,307
Bart CarawayOTHER385,457
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Bart CarawayRSU6,788$258,011
William BobboraRSU5,091193,508
Bart CarawayRSU1,00038,010
Bart CarawayOption20016.43
William BobboraRSU5,712217,113
Bart CarawayRSU1,05440,062
William BobboraOption7,50024
Bart CarawayRSU2,50095,025
Bart CarawayRSU5,796220,305
Bart CarawayOption2,70016.43
William BobboraRSU3,161120,149
Bart CarawayRSU8,995341,899
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee is committed to the adoption of an executive compensation program that fosters the attraction and retention of highly-qualified executives, and motivates them to achieve our financial, operational and strategic objectives. We believe in providing our senior executive officers with a competitive pay package that includes a strong link between performance and compensation.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantHFG
Clawback policyTrue
Anti-hedgingtrue
Anti-pledgingFalse
07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Carolyn BaileyIndependent · Audit (Chair) · Compensation$74,590$49,959$0$0$124,549
W. Donald BrunsonIndependent · Audit · Corporate Governance and Nominating74,40749,95900124,366
Joseph L. StunjaIndependent · Directors Loan Committee · Asset Liability and Investment Committee · Risk Committee · Director Information Technology Committee71,09049,959001,644122,693
Shelton J. McDonaldIndependent · Audit · Compensation · Corporate Governance and Nominating70,72449,95900120,683
Reagan SwinbankIndependent · Directors Loan Committee · Asset Liability and Investment Committee · Risk Committee · Director Information Technology Committee61,59149,95900111,550
Troy A. GlanderIndependent · Audit · Compensation (Chair) · Corporate Governance and Nominating59,39149,95900235109,585
Dr. Martin BasalduaIndependent · Lead Independent Director · Compensation · Corporate Governance and Nominating (Chair)57,19049,959001,865109,014
Dennis BonnenIndependent58,32449,95900108,283
Dr. Greg BonnenIndependent48,95849,9590098,917
Mary StichIndependent · Audit · Compensation64,09033,5420097,632
David PhelpsIndependent · Audit73,69019,9880093,678
Lynn EisenhartIndependent61,45929,4950090,954
Tony ScavuzzoIndependent · Compensation69,8080069,808
Clint GreenleafIndependent · Partial-year service · Newly elected000000
Jeffrey A. WilkinsonIndependent · Partial-year service · Newly elected000000
William (Bill) BobboraEmployee director00000
Bart O. CarawayEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$5,000
Annual equity retainer$19,981
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)1,375 / 1,375 / 1,375
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$845,312
Equity awards (grant-date value)$532,656
All other compensation$3,744
Total cost of the board$1,381,712

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Third Coast Bancshares, Inc.2025Bart Caraway$654,231$385,457$0$0$2,503,561

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

FAQ

Frequently asked questions

Who was the highest-paid executive at Third Coast Bancshares, Inc. in fiscal 2025?
The highest-paid executive at Third Coast Bancshares, Inc. in fiscal 2025 was Bart Caraway, who served as Chairman of the Board, President and Chief Executive Officer with total compensation of $2,503,561.
How does Third Coast Bancshares, Inc.'s chief executive pay compare to its disclosed peer group?
The company reported that the CEO pay percentile of disclosed peers was not disclosed in this extract.
What is Third Coast Bancshares, Inc.'s CEO-to-median employee pay ratio?
The filing shows that the CEO-to-median employee pay ratio was not disclosed in this extract.
How did shareholders vote on Third Coast Bancshares, Inc.'s executive compensation?
The company reported that shareholder support for the latest executive compensation vote was not disclosed in this extract.
How much does Third Coast Bancshares, Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $1,381,712.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Bart CarawayDEF 14A2026-04-160001193125-26-159039Section “Summary Compensation Table” · page 26. As printed: 2,503,561. Filing ↗machine: r2 · c27 · span 240742–240751
2Section 01, R. John McWhorterDEF 14A2026-04-160001193125-26-159039Section “Summary Compensation Table” · page 26. As printed: 1,566,858. Filing ↗machine: r4 · c27 · span 245047–245056
3Section 01, William BobboraDEF 14A2026-04-160001193125-26-159039Section “Summary Compensation Table” · page 26. As printed: 1,191,630. Filing ↗machine: r6 · c27 · span 249355–249364
4Section 03, R. John McWhorter OTHERDEF 14A2026-04-160001193125-26-159039Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t65 · r4 · c15 · span 244263–244270
5Section 03, William Bobbora OTHERDEF 14A2026-04-160001193125-26-159039Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t65 · r6 · c15 · span 248572–248579
6Section 03, Bart Caraway OTHERDEF 14A2026-04-160001193125-26-159039Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t65 · r2 · c15 · span 239958–239965
7Section 07, pay ratio10-K2026-03-040001193125-26-091656Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Carolyn BaileyDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 124,549. Filing ↗machine: t99 · r2 · c15 · span 375393–375400
9Section 08, W. Donald BrunsonDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 124,366. Filing ↗machine: t99 · r6 · c15 · span 380819–380826
10Section 08, Joseph L. StunjaDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 122,693. Filing ↗machine: t100 · r9 · c15 · span 393966–393973
11Section 08, Shelton J. McDonaldDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 120,683. Filing ↗machine: t100 · r5 · c15 · span 388557–388564
12Section 08, Reagan SwinbankDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 111,550. Filing ↗machine: t100 · r10 · c15 · span 395334–395341
13Section 08, Troy A. GlanderDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 109,585. Filing ↗machine: t100 · r3 · c15 · span 385763–385770
14Section 08, Dr. Martin BasalduaDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 109,014. Filing ↗machine: t99 · r3 · c15 · span 376736–376743
15Section 08, Dennis BonnenDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 108,283. Filing ↗machine: t99 · r4 · c15 · span 378102–378109
16Section 08, Dr. Greg BonnenDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 98,917. Filing ↗machine: t99 · r5 · c15 · span 379450–379456
17Section 08, Mary StichDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 97,632. Filing ↗machine: t100 · r8 · c15 · span 392632–392638
18Section 08, David PhelpsDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 93,678. Filing ↗machine: t100 · r6 · c15 · span 389922–389928
19Section 08, Lynn EisenhartDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 90,954. Filing ↗machine: t100 · r2 · c15 · span 384432–384438
20Section 08, Tony ScavuzzoDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 69,808. Filing ↗machine: t100 · r7 · c3 · span 390462–390468
21Section 08, Clint GreenleafDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Jeffrey A. WilkinsonDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, William (Bill) BobboraDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, Bart O. CarawayDEF 14A2026-04-160001193125-26-159039Section “Director Compensation”. As printed: 0. Filing ↗
25Section 02, Shelton J. McDonald 2026-05-07Form 42026-05-080001193125-26-214733Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Shelton J. McDonald 2026-05-07Form 42026-05-080001193125-26-214733Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Mary Stich 2026-05-21Form 42026-05-260001193125-26-239442Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Reagan Swinbank 2026-05-21Form 42026-05-260001193125-26-239430Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Clint Greenleaf 2026-05-21Form 42026-05-260001193125-26-239429Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Troy A. Glander 2026-05-21Form 42026-05-260001193125-26-239440Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Dennis Bonnen 2026-05-21Form 42026-05-260001193125-26-239428Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, David Phelps 2026-05-21Form 42026-05-260001193125-26-239436Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Dr. Martin Basaldua 2026-05-21Form 42026-05-260001193125-26-239439Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Lynn Eisenhart 2026-05-21Form 42026-05-260001193125-26-239433Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Carolyn Bailey 2026-05-21Form 42026-05-260001193125-26-239444Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Greg Bonnen 2026-05-21Form 42026-05-260001193125-26-239425Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Joseph L. Stunja 2026-05-21Form 42026-05-260001193125-26-239434Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Troy A. Glander 2026-06-15Form 42026-06-160001193125-26-272683Insider equity transaction reported since the proxy statement. Filing ↗
39Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
40Section 09b board cost (computed)ComputedcomputedCash 845,312 + equity 532,656 + all other 3,744 = 1,381,712, summed across the director compensation table rows.machine: formula: Σ = 1,381,712
41Third Coast Bancshares, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-160001193125-26-159039CEO total compensation as printed in Third Coast Bancshares, Inc.'s own proxy. As printed: 2,503,561. Filing ↗machine: r2 · c27 · span 240742–240751