Amanda B. Quebedeaux
About Amanda B. Quebedeaux
Amanda B. Quebedeaux, age 51 as of March 31, 2025, is Senior Vice President and Chief Operations Officer of Catalyst Bank (a subsidiary of Catalyst Bancorp, Inc.) since July 2024; she previously served as Senior Vice President and Director of Operations since February 2022, and Vice President and Director of Operations since June 2021 . Her background includes Vice President, Client Solutions System Administrator Manager at Hancock Whitney Bank and Senior Vice President, Director of Loan Operations at MidSouth Bank (a subsidiary of MidSouth Bancorp) from 2004 to October 2018 . Catalyst Bank does not maintain a written bonus plan; executive bonuses have been discretionary, with no disclosed performance metrics or weightings tied to her pay .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Catalyst Bank | SVP & Chief Operations Officer | Since Jul 2024 | Not disclosed |
| Catalyst Bank | SVP & Director of Operations | Feb 2022–Jun 2024 | Not disclosed |
| Catalyst Bank | VP & Director of Operations | Jun 2021–Feb 2022 | Not disclosed |
| MidSouth Bank (MidSouth Bancorp) | SVP, Director of Loan Operations | 2004–Oct 2018 | Not disclosed |
| Hancock Whitney Bank | VP, Client Solutions System Administrator Manager | Dates not disclosed | Not disclosed |
External Roles
No public company directorships or external board roles are disclosed for Mrs. Quebedeaux .
Fixed Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Base Salary ($) | 147,000 | 150,692 |
| Cash Bonus ($) | 18,000 | 20,000 |
| All Other Compensation ($) | 18,172 | 20,623 |
| Notes | Bank does not maintain a written bonus plan; bonuses are discretionary | Bank does not maintain a written bonus plan; bonuses are discretionary |
Performance Compensation
| Year | Incentive Type | Metric | Weighting | Target | Actual | Payout ($) | Vesting Terms |
|---|---|---|---|---|---|---|---|
| 2023 | Cash Bonus | Discretionary | Not disclosed | Not disclosed | Not disclosed | 18,000 | Cash bonus (no vesting) |
| 2024 | Cash Bonus | Discretionary | Not disclosed | Not disclosed | Not disclosed | 20,000 | Cash bonus (no vesting) |
Equity awards granted to Mrs. Quebedeaux under the 2022 plans are time-based (not PSU/metric-based) and vest at 20% per year beginning September 1, 2023 .
Equity Ownership & Alignment
| Ownership Detail | As of Apr 1, 2024 | As of Mar 31, 2025 |
|---|---|---|
| Total Beneficially Owned Shares | 7,926 | 14,405 |
| Percent of Shares Outstanding | <1.0% | <1.0% |
| Options Included (Exercisable within 60 days) | 4,232 | 8,464 |
| ESOP Allocated to Individual Account (shares) | 2,076.0163 | 3,204.8705 |
| Outstanding Equity Awards (Amanda B. Quebedeaux) | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|
| Stock Options – Exercisable (shares) | 4,232 at $13.30, expiring 9/1/2032 | 8,464 at $13.30, expiring 9/1/2032 |
| Stock Options – Unexercisable (shares) | 16,928 at $13.30, expiring 9/1/2032 | 12,696 at $13.30, expiring 9/1/2032 |
| RSUs/Recognition – Vested (shares; market value) | 1,692; $18,341 (price $10.84) | 3,384; $39,830 (price $11.77) |
| RSUs/Recognition – Not Vested (shares; market value) | 6,772; $73,408 (price $10.84) | 5,080; $59,792 (price $11.77) |
| Vesting Rate (Options & Recognition) | 20% per year starting 9/1/2023 | 20% per year starting 9/1/2023 |
| Vesting Schedule Parameters | Detail |
|---|---|
| Awards & Plans | 2022 Stock Option Plan (time-based); 2022 Recognition & Retention Plan (time-based) |
| Vesting Start | September 1, 2023 |
| Annual Vesting Rate | 20% per year |
| RSU Tranche Size | Total award 8,464 shares; tranches of ~1,692 shares per year based on 20% and disclosed vested counts |
| Option Tranche Size | Total options 21,160; tranches of ~4,232 per year based on 20% and disclosed exercisable counts |
| Price Context | Closing price at 12/31/2024 was $11.77; option exercise price is $13.30 → options were out-of-the-money at that date |
Policies and Controls:
- Insider Trading Policy applies to all directors and “Senior Officers” including Amanda B. Quebedeaux; Jutta A. Codori is the Stock Compliance Officer . The policy and related governance are referenced in the 10-K and posted under Investor Relations .
- Clawback Policy: Board seeks recovery of incentive-based compensation for material restatements; recovery covers three preceding years; policy will be reevaluated as needed to comply with applicable law/exchange rules .
Employment Terms
| Term | Detail |
|---|---|
| Agreement Date & Role | Employment agreement entered into September 2023 for Amanda B. Quebedeaux, SVP & Chief Operations Officer (Board updated role July 2024) |
| Term Length | Three-year term ending September 2026; Board may review and extend prior to expiration |
| Base Salary | $147,000 (may be increased at Board’s discretion) |
| Termination – For Cause | No compensation beyond termination for cause (as defined) |
| Involuntary Termination/Good Reason | Lump-sum cash severance equal to 12 months of base salary at date of termination, subject to release; continued health coverage up to 12 months or until similar benefits obtained |
| Change-in-Control (CIC) | If terminated without cause or with good reason on effective date or within 30 days after CIC: lump-sum severance equal to 12 months of the greater of base salary at CIC or termination date; health coverage up to 12 months or until similar benefits obtained |
| Death Benefit | Base salary paid for 12 weeks; continued family health coverage for same period |
| Retirement Benefits | Participation in company 401(k) and ESOP programs |
Investment Implications
- Alignment: Meaningful but sub-1% direct beneficial ownership (14,405 shares as of 3/31/2025) plus ESOP allocations; ownership guidelines not disclosed, but clawback and insider-trading controls support governance alignment .
- Vesting/Selling Pressure: Time-based vesting at 20% annually for RSUs and options beginning 9/1/2023 implies predictable September vesting events; RSUs totaled 8,464 shares with 3,384 vested by 12/31/2024, suggesting annual vesting tranches that can create periodic selling pressure if shares are liquidated .
- Option Exercise Risk: Options at $13.30 strike were out-of-the-money at 12/31/2024 ($11.77 close), reducing near-term exercise and sale risk unless the stock appreciates above strike .
- Severance/CIC Economics: Modest severance (1x salary) and CIC terms (1x salary, single-trigger window of 30 days) suggest limited golden parachute exposure; no tax gross-ups disclosed .
- Performance Pay Structure: Bonuses are discretionary with no disclosed metrics or targets, limiting direct pay-for-performance linkage; no PSU program is disclosed for her role, with equity awards being time-based .
All information above is sourced from Catalyst Bancorp’s 2025 and 2024 DEF 14A, 2025 10-Q, and 2024–2025 10-K as cited.