Third Coast Bancshares CEO Bart Caraway's 2021 pay jumps 26% to $1.6M
Third Coast Bancshares reports 2021 executive compensation
By ExecPay News
Published: April 25, 2022
Third Coast Bancshares reported fiscal year 2021 executive compensation information on April 25, 2022.
In 2021, four executives at Third Coast Bancshares received on average a compensation package of $910K, a 20% increase compared to previous year.
Average pay of disclosed executives at Third Coast Bancshares
Bart O. Caraway, Chief Executive Officer, received $1.6M in total, which increased by 26% compared to 2020. 37% of Caraway's compensation, or $575K, was in bonus. Caraway also received $30K in option awards, $521K in salary, $276K in stock awards, as well as $149K in other compensation.
R. John McWhorter, Chief Financial Officer, received a compensation package of $774K, which increased by 47% compared to previous year. 39% of the compensation package, or $298K, was in salary.
Donald C. Legato, Chief Lending Officer, earned $691K in 2021, a 33% increase compared to previous year.
Audrey A. Duncan, Senior Executive Vice President and Chief Credit Officer, received $627K in 2021.
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Source: SEC filing on April 25, 2022.