Christopher Peacock
About Christopher Peacock
Executive Vice President and Chief Retail Officer at Third Coast Bancshares (TCBX) since February 2021; age 60; Florida State University B.S. in Finance (1987). He oversees the bank’s retail branch network and retail strategy, with 33+ years in banking and 25 years in retail banking, previously running multiple Florida markets for Huntington National Bank and BMO Harris and serving earlier as CFO of a $6B Miami bank and forming a start-up bank in Orlando . TCBX’s proxy uses reduced EGC disclosure and discretionary bonuses for senior executives; no specific TSR/revenue/EBITDA performance metrics are disclosed for Peacock’s pay .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Huntington National Bank | Retail executive leading multiple Florida markets | Not disclosed | Led retail growth across 141 branches, overseeing Small Business Banking, Consumer Lending, Mortgage, Investments, Marketing, Sales & Service, Training, and Operations |
| BMO Harris Bank | Retail executive leading multiple Florida markets | Not disclosed | Managed large retail footprint and multi-line retail businesses |
| Miami-based bank (approx. $6B assets) | Chief Financial Officer | Not disclosed | Senior finance leadership at a large regional bank |
| Start-up bank (Orlando) | Founder/Leader | Not disclosed | Formed a fast-growing start-up bank in Orlando |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Peacock Investment Group, Inc. (home healthcare) | Owner & President | Not disclosed | Built and operated a home healthcare business in Sarasota, Florida |
Fixed Compensation
TCBX is an EGC and discloses detailed compensation only for named executive officers; Peacock is not a named executive officer and his base salary/target bonus are not disclosed .
| Component | 2024 | Notes |
|---|---|---|
| Base salary ($) | Not disclosed | EGC reduced disclosure; non-NEO compensation not reported |
| Target annual bonus (%) | Not disclosed | Discretionary annual bonuses used; no specific metrics disclosed for Peacock |
| Perquisites | Not disclosed | Company provides standard benefits; details reported for NEOs only |
Performance Compensation
TCBX’s program combines annual discretionary cash bonuses with long-term equity under the 2019 Omnibus Incentive Plan; the proxy does not disclose Peacock’s bonus metrics or award values. Equity instruments and vesting from SEC filings:
| Incentive Type | Grant/Instrument | Terms | Vesting |
|---|---|---|---|
| Restricted Stock | 1,000 shares | Began vesting 02/01/2023 | Vests in equal annual increments over 4 years (250 shares per year) on or around Feb 1, 2023–2026 |
| Stock Options | 3,000 shares @ $16.43; expire 03/01/2031 | Granted under company plan | Vest in five equal annual installments beginning 03/01/2022 (600 shares per year; expected Mar 1, 2022–2026) |
| Plan framework | 2019 Omnibus Incentive Plan | Allows RS/RSU/options/other awards; change-of-control treatment described at plan level | Awards may accelerate or be adjusted upon change of control as provided in the plan |
Equity Ownership & Alignment
| Item | Amount | Date/Status | Notes |
|---|---|---|---|
| Common shares (direct) | 1,006 | As of Form 3 filed 02/27/2023 | Direct ownership at appointment as reporting person |
| ESOP shares (indirect) | 555 | As of Form 3 filed 02/27/2023 | Held via company ESOP; ESOP participants direct voting of allocated shares |
| Stock options (unexercised) | 3,000 @ $16.43 | Expire 03/01/2031 | Vest 600/yr beginning 03/01/2022; exercisable per plan terms |
| Restricted stock (unvested) | 1,000 | Began vesting 02/01/2023 | 250 shares/yr scheduled through 2026 |
| Hedging policy | Prohibited | Current | Directors/executives may not hedge or short company stock |
| Pledging policy | Strongly restricted | Current | Pledging requires pre-approved exception and must demonstrate ability to repay without resort to pledged securities |
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Current role | EVP & Chief Retail Officer (Company and Bank) | |
| Appointment | EVP appointment effective 02/16/2023 (officer appointments) | |
| Tenure | Serving in Chief Retail Officer role since Feb 2021 | |
| Responsibilities | Oversees retail branch network, retail strategy, and related functions | |
| Non-compete/Severance | Not disclosed for Peacock; company discloses agreements only for named executive officers |
Investment Implications
- Alignment: Peacock’s equity exposure is modest but includes multi-year RS and option vesting (through 2026/2031), which promotes retention and alignment during critical retail execution cycles .
- Low hedging/pledging risk: Company prohibits hedging and tightly restricts pledging for executives, reducing misalignment and forced-sale risk from margin calls .
- Disclosure gap: As a non-NEO at an EGC, Peacock’s cash pay and KPI linkages are not disclosed; bonuses for senior executives are discretionary, limiting visibility into pay-for-performance levers tied to TSR or operating metrics .
- Calendar signals: RS vesting occurs annually around Feb 1 and option vesting around Mar 1 (2022–2026), which can create routine insider trading window activity; monitor Form 4s around these dates for potential supply or exercise behavior .