Third Coast Bancshares shareholders approve 375,000-share equity plan expansion

Filed May 21, 2026 · Period ending May 21, 2026 · ~1 min read

Key Changes

• medium

  Shareholders approved amended equity incentive plan adding 375,000 shares to compensation pool, increasing dilution capacity for future stock-based awards to employees and directors.

  Item 5.02 verify on EDGAR →
• medium

  Directors Bart O. Caraway and Mary Stich faced elevated opposition of 33-35% of votes cast in their elections, while three other directors received support exceeding 72%.

  Item 5.07 verify on EDGAR →
• low

  Amended plan adds shareholder-friendly governance provisions: minimum vesting requirements, prohibition on repricing underwater options, and ban on reload stock options.

  Item 5.02 verify on EDGAR →