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 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Directors Caraway and Stich elected despite elevated opposition at 33.7% and 35.1% of votes cast respectively, while three other directors received support above 96%.

  Item 5.07 — Submission of Matters to a Vote of Security Holders 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 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →