other material
confidence high
sentiment neutral
materiality 0.30
Third Coast Bancshares increases CFO McWhorter's change-of-control severance multiple to 2.5x
Third Coast Bancshares, Inc.
- CFO R. John McWhorter's change-of-control severance multiple raised to 2.5x from 2x, effective March 15, 2024.
- Severance triggered by termination without cause or resignation for good reason within 6 months before or 12 months after change of control.
- Amendment modifies Section 5.4(a)(i) of the June 23, 2020 Employment Agreement.