Form 4: Third Coast Bancshares Executive Liz Eber Acquires Restricted Common Stock

Liz Eber, Executive Vice President and Chief Legal Officer of Third Coast Bancshares, acquired 309 shares of restricted common stock on March 15, 2025.

Summary

• On March 15, 2025, Liz Eber, Executive Vice President and Chief Legal Officer of Third Coast Bancshares, acquired 309 shares of restricted common stock.
• The shares were acquired at a price of $0.
• These shares vest in three equal annual installments starting on the anniversary of the grant date, subject to the award's terms.
• Following the transaction, Eber directly owns 473 shares of Third Coast Bancshares common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of restricted stock is generally a positive sign, aligning executive interests with shareholders, but it's not a major event.

Positives

• The acquisition of restricted stock aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for maintaining investor confidence.

Comparison to Industry Standards

• Restricted stock grants are a common form of executive compensation in the banking industry.
• Vesting schedules, such as the three-year annual installment plan described, are typical for these types of grants.
• Comparing the size of the grant to those of executives at peer banks (e.g., Prosperity Bancshares, Cadence Bancorporation) would provide further context on the competitiveness of Third Coast Bancshares' compensation practices.

Stakeholder Impact

• The acquisition of restricted stock by an executive can positively influence shareholder sentiment by aligning management's interests with the company's long-term success.

Key Dates