secwatch.observer — SEC 8-K summary
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Issuer:     Third Coast Bancshares, Inc. (TCBX)
CIK:        0001781730
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0001193125-22-189489
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Third Coast Bancshares SVP & CLO resigns; severance of $461,725
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- Donald Legato resigned as Senior Executive VP and Chief Lending Officer effective June 30, 2022.
- Severance includes $461,725 paid over 12 months, COBRA reimbursement, and $583 401(k) contribution.
- All unvested stock options and restricted shares forfeited; vested awards retained.
- Separation agreement includes general release of claims and confidentiality/non-disparagement covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781730/000119312522189489/0001193125-22-189489-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781730/000119312522189489/d362145d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-189489

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer