John W. Quill
About John W. Quill
Independent director since 2019; age 71; currently Chair of the Risk Committee and member of the Audit Committee at Amerant Bancorp Inc. (AMTB). Former national bank examiner and OCC deputy comptroller with ~40 years of supervision and policy experience; consultant and former Senior Financial Sector Expert at the IMF; B.S. in Finance from the University of South Florida. The Board has determined he is independent under NYSE/SEC rules and “financially literate” as an Audit Committee member .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| International Monetary Fund | Consultant | 2015–present | Regulatory advisory |
| International Monetary Fund | Senior Financial Sector Expert | 2013–2015 | Financial sector assessments |
| Office of the Comptroller of the Currency (OCC) | Deputy Comptroller | 2004–2011 | Led supervision policy; TARP Interagency Council chair 2008–2011 |
| Office of the Comptroller of the Currency (OCC) | National Bank Examiner | 1980–2004 | Safety and soundness examinations |
| U.S. Treasury (TARP Interagency Council) | Chair | 2008–2011 | Oversight coordination during crisis |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Gibraltar Private Bank & Trust | Director | 2015–2018 | Board governance |
Board Governance
- Committee assignments: Chair, Risk Committee; Member, Audit Committee. Other current public company boards: none .
- Independence and attendance: Independent; all directors (except one departing director) attended ≥75% of Board/committee meetings; Board held 18 meetings in 2024; independent directors met in executive session 4 times (Lead Independent Director presides) .
- Risk oversight scope (as Risk Committee Chair): ERM framework, risk appetite/limits, capital & liquidity planning, information security program, BSA/AML/OFAC, consumer compliance, and Credit Review oversight .
| Committee | Quill’s Role | 2024 Meetings |
|---|---|---|
| Audit | Member | 11 |
| Compensation & Human Capital | — | 9 |
| Governance, Nominating & Sustainability | — | 9 |
| Risk | Chair | 6 |
Fixed Compensation
| Component (2024) | Amount ($) | Notes |
|---|---|---|
| Board cash retainer | 46,000 | Standard non-employee director retainer |
| Audit Committee membership | 12,000 | Per-committee retainer |
| Risk Committee chair retainer | 15,000 | Chair premium |
| Risk Committee membership | 10,000 | Per-committee retainer |
| Total cash fees (reported) | 83,000 | Matches reported fees earned |
| Annual equity grant (RSUs) | 64,986 | Granted 2,854 RSUs on May 8, 2024; 1-year vest |
- 2024 director pay structure changes: annual equity grant increased from $60,000 to $65,000; Audit Chair retainer increased to $18,000; other committee chairs to $15,000; Lead Independent Director retainer increased to $35,000 .
Performance Compensation
- Not applicable for non-employee directors; equity grants are time-based RSUs with 1-year vesting, no performance metrics .
Other Directorships & Interlocks
| Category | Company | Role | Status |
|---|---|---|---|
| Current U.S.-listed boards | — | — | None |
| Prior U.S.-listed boards | — | — | None |
| Private/Bank boards | Gibraltar Private Bank & Trust | Director | 2015–2018 |
| Compensation committee interlocks | — | — | None disclosed for 2024 committee |
Expertise & Qualifications
- Regulatory and supervisory expertise (IMF/OCC), risk management, audit literacy, and banking operations oversight .
- Provides strong bank supervision and policy perspective to risk governance, capital/liquidity, and compliance functions as Risk Chair .
Equity Ownership
| Holding | Amount | Notes |
|---|---|---|
| Class A Voting Common Stock | 17,317 | <1% of class; sole/direct ownership as disclosed |
| Class A Non-Voting Common Stock | — | None |
| Director RSUs outstanding | 2,854 | Granted May 8, 2024; vest after 1 year |
- Stock ownership guidelines: Non-employee directors must hold shares equal to 4× annual cash retainer; 5-year compliance window; must retain 50% of net shares until guideline met .
- Hedging/pledging: Company policy prohibits hedging and pledging of Company securities (updated May 2024) .
Governance Assessment
- Strengths: Independent director; Risk Committee Chair with deep OCC/IMF regulatory experience; Audit member (financially literate); robust oversight mandates across ERM, InfoSec, BSA/AML; solid meeting cadence and independent executive sessions; anti-hedging/anti-pledging and director ownership guidelines support alignment .
- Alignment: Holds 17,317 voting shares plus annual RSUs; director compensation tilted toward cash retainer plus time-based equity, consistent with market practice; 2024 equity grant size aligned with updated policy [$65k target] .
- Investor signals: 2024 Say-on-Pay support at 79.3% indicates moderate shareholder approval of pay programs and governance; follow-on outreach led to enhancements in PSU design for executives and disclosure—positive governance responsiveness .
- Watch items: No disclosed personal related-party transactions; individual compliance with director ownership guidelines not itemized; director equity is time-based (no performance overlay), though standard for directors .