Lynn Eisenhart
About Lynn Eisenhart
Lynn Eisenhart, 46, is a Class B director nominee of Third Coast Bancshares (TCBX) with deep fintech and strategic investment experience; she has served as an advisory director of the Company and a director of the Bank since 2024. She led fintech investments at the Bill & Melinda Gates Foundation’s $2.5B Strategic Investment Fund, previously advised Melinda French Gates, and held roles at T‑Mobile, Washington Mutual (JPMorgan Chase), and Accenture; she holds a B.S. in Foreign Service from Georgetown and an MBA from Yale . If elected, her term will run to the 2027 annual meeting; the board has determined she is independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Bill & Melinda Gates Foundation (Strategic Investment Fund) | Leadership team; led global fintech investments across Africa, Asia, U.S. | Not disclosed | Spearheaded fintech initiatives aligned with inclusion/investment objectives |
| Gates Foundation | Head strategic advisor to Melinda French Gates | Not disclosed | Senior advisory role to co‑chair |
| T‑Mobile | Corporate strategy – developed fintech joint venture | Not disclosed | Strategy execution; fintech JV development |
| Washington Mutual (now part of JPMorgan Chase) | Vice President – retail banking; designed payment/banking products | Not disclosed | Product innovation in retail banking |
| Accenture | Led technology management initiatives (consulting) | Not disclosed | Tech management for multiple clients |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Bill & Melinda Gates Foundation SIF | Leadership team – fintech investments | Not disclosed | Strategic investor role (non‑board) |
| Public company boards | None disclosed | — | No other public company directorships disclosed for Eisenhart |
Board Governance
- Status: Class B director nominee; advisory director (Company) and Bank director since 2024; independent under Nasdaq (all directors/nominees except Caraway and Dennis/Greg Bonnen are independent) .
- Committees: Eisenhart is not listed as a member of the Audit, Compensation, or Corporate Governance & Nominating Committees; current committee memberships do not include her name .
- Board cadence/attendance: Board met 12 times in 2024; each director achieved ≥75% participation; nine directors attended the 2024 annual meeting; nominees are anticipated to attend the 2025 meeting .
- Lead Independent Director: Dr. Martin Basaldua serves as Lead Independent Director .
- Policies: Hedging prohibited for directors/executives; pledging limited to pre‑approved exceptions; Corporate Governance Guidelines and Whistleblower Policy in place .
Fixed Compensation
TCBX non‑executive director cash compensation structure (2024):
| Item | Amount | Notes |
|---|---|---|
| Company board meeting fee | $333 per meeting | Paid per meeting attended |
| Bank board meeting fee | $333 per meeting | Paid per meeting attended |
| TCCC board meeting fee | $333 per meeting | Paid per meeting attended |
| Company quarterly stipend | $5,000 per quarter | For non‑executive directors |
| Bank quarterly stipend | $5,000 per quarter | For non‑executive directors |
| Committee fees (per Bank/Company joint committees) | See schedule below | Variable by committee |
Committee meeting fees and chair stipends (2024):
| Committee | Fee per Meeting | Chair Quarterly Stipend |
|---|---|---|
| Directors’ Loan | $300 | $1,000 |
| Audit | $400 | $1,375 |
| ALCO | $300 | $938 |
| Compensation | $250 | $1,375 |
| Director IT | $300 | $750 |
| Corporate Governance & Nominating | $300 | $1,375 |
| Risk | $300 | $750 |
| Executive Committee | — | — |
Note: Eisenhart’s individual 2024 cash fees are not disclosed in the director compensation table (she was an advisory director/Bank director in 2024) .
Performance Compensation
Director equity compensation program (2024):
| Element | Annual Value or Shares | Vesting/Notes |
|---|---|---|
| Restricted stock grant (Company non‑executive directors; excl. Scavuzzo) | $19,981 value | Time‑vested; grant valued at Nasdaq close on grant date |
| Plan cap (director total comp under 2019 Plan) | $500,000 per calendar year | Includes equity grant date fair value and cash awards |
Eisenhart‑specific equity holding:
| Grant Type | Shares | Vesting |
|---|---|---|
| Restricted stock | 962 | Vests in full on May 30, 2025 |
No PSUs/options or disclosed performance metrics are presented for directors; equity awards are time‑vested restricted stock under the 2019 Plan .
Other Directorships & Interlocks
| Company | Role | Interlocks/Notes |
|---|---|---|
| None disclosed | — | No public company boards disclosed for Eisenhart |
Board‑level interlock/context: The board notes a family relationship (Dennis Bonnen is brother of Greg Bonnen), while maintaining majority independence (11 of 14 directors/nominees) .
Expertise & Qualifications
- Fintech/investment expertise: Leadership in Gates Foundation’s $2.5B Strategic Investment Fund; global fintech investing focus .
- Strategy/operations: Corporate strategy at T‑Mobile; developed fintech JV; Accenture technology management .
- Retail banking/products: VP at Washington Mutual; designed payment/banking products .
- Education: B.S. in Foreign Service (Georgetown); MBA (Yale) .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Components/Notes |
|---|---|---|---|
| Lynn Eisenhart | 962 | <1% (*) | 962 restricted shares vest May 30, 2025 |
Shares outstanding at record date: 13,825,286 . No options, pledges, or loans are disclosed for Eisenhart; company prohibits hedging and limits pledging for directors .
Governance Assessment
-
Independence and skill fit: Eisenhart is independent and brings scarce fintech and strategic investment expertise relevant to TCBX’s potential fintech partnerships and product strategy; independence is affirmed by the board .
-
Committee engagement: Not currently listed on Audit/Compensation/CGN committees; near‑term impact will likely be at full‑board level unless committee assignments are made post‑election .
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Ownership alignment: Holds 962 restricted shares vesting May 30, 2025; while modest (<1%), director equity grants and hedging prohibitions support alignment; no pledging disclosed .
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Compensation structure: Director pay is primarily fixed fees plus time‑vested equity; no performance‑based metrics for directors, limiting pay‑for‑performance signaling but aligning via stock ownership caps and annual equity .
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Conflicts/red flags: No related‑party transactions disclosed for Eisenhart; broader board has one family relationship (Dennis/Greg Bonnen) but overall remains majority independent; no Section 16 delinquency noted for Eisenhart .
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RED FLAGS: None disclosed specific to Eisenhart (no pledging/hedging, no related‑party transactions, no legal proceedings reported in proxy). Monitor post‑election committee assignments and any future related‑party disclosures.