Vicki Alexander
About Vicki Alexander
Executive Vice President and Chief Risk and Operations Officer at Third Coast Bancshares (TCBX) since March 2024; previously Executive Vice President and Chief Risk and Compliance Officer at the Company (appointed February 16, 2023) and at the Bank since August 2022 . Age 58 and graduate of Western Kentucky University (Bachelor of Science); prior leadership includes Chief Compliance Officer at FIS Global and compliance leadership roles at SunTrust Bank and Bank of America . Company performance context: revenue rose year over year; EBITDA not reported by S&P for recent years (see table and SPGI disclaimer). Pay-for-performance metrics such as TSR are not disclosed in proxy materials for executives; annual bonuses have historically been discretionary rather than formulaic for named executive officers, indicating limited published linkage to hard targets in filings .
Company performance context (latest two fiscal years):
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Revenue ($USD) | $8,205,000* | $10,621,000* |
| EBITDA ($USD) | n/a* | n/a* |
Values retrieved from S&P Global. (citation provided by SPGI data vendor)
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Protiviti, Inc. | Managing Director | Dec 2020–Jul 2022 | Led consulting across finance, technology, operations, governance, risk and internal audit, supporting leaders on risk and compliance programs . |
| FIS Global | Chief Compliance Officer | Jul 2014–Jan 2020 | Ran end-to-end compliance (Privacy, Sanctions Screening, Export Control, Regulatory Compliance, Model Validation, AML/OFAC, Anti-Bribery/Corruption, Code of Ethics) at a Fortune 500 technology and operations company . |
| SunTrust Bank | Corporate Compliance Officer | Not disclosed | Corporate compliance leadership (role named in biography) . |
| Bank of America | Global Technology & Operations Compliance Executive | Not disclosed | Compliance leadership for global technology and operations (role named in biography) . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | No external public company directorships disclosed in SEC proxy biographies . |
Equity Ownership & Alignment
| Topic | Detail |
|---|---|
| Hedging policy | Directors and executive officers are prohibited from hedging company stock (no puts, calls, collars, swaps or other derivatives), and short sales are prohibited . |
| Pledging restrictions | Pledging is limited to pre-approved exceptions where the insider can demonstrate ability to repay without resort to pledged securities . |
| Insider transactions (Form 4) | A late Form 4 filing for Vicki Alexander was disclosed for 2023, reporting shares transferred to the Company to satisfy tax withholding upon vesting of restricted stock awards (administrative oversight) . |
| Beneficial ownership disclosure | Beneficial ownership tables in proxies list directors and named executive officers; detailed ownership for non-NEOs like Alexander is not itemized in the proxy tables . |
Employment Terms
| Item | Detail |
|---|---|
| Current role | Executive Vice President and Chief Risk and Operations Officer (Company and Bank) since March 2024 . |
| Prior role | Executive Vice President and Chief Risk and Compliance Officer (Company appointment Feb 16, 2023; Bank since Aug 2022) . |
| Education | Bachelor of Science, Western Kentucky University . |
| Contract economics | Employment agreements, severance, and change-of-control terms are disclosed only for named executive officers (CEO, CFO, CBO); no agreement terms are published for Alexander in the proxies reviewed . |
Compensation Committee Analysis
- Committee composition: Carolyn Bailey, Martin Basaldua, Troy A. Glander, Shelton McDonald, and Tony Scavuzzo; Chair: Troy A. Glander .
- Consultant: Hunt Financial Group engaged (2023–2024) to advise on executive compensation, peer group selection, and program design; committee assessed consultant independence and found no conflicts .
- Program structure: Executive pay comprises base salary, discretionary annual bonuses, and long-term equity under the 2019 Omnibus Incentive Plan; bonuses historically discretionary rather than strictly formula-based .
- Equity plan features: Awards may vest or be accelerated upon change of control if not assumed; regulator-mandated forfeiture provisions exist tied to minimum capital requirements .
Investment Implications
- Alignment signals: Strict prohibitions on hedging and limits on pledging reduce misalignment risk; a 2023 Form 4 indicated tax-withholding-related share transfers upon RSU vesting, not open-market selling, suggesting low near-term selling pressure tied to vesting events .
- Retention and disclosure: Alexander’s deep compliance/risk pedigree (FIS, Bank of America, SunTrust, Protiviti) aligns with TCBX’s risk management needs; however, lack of published pay mix, targets, and severance/CIC terms for non-NEOs limits pay-for-performance analysis and retention economics visibility .
- Governance and control: Compensation Committee structure and use of independent consultants support governance quality; equity plan change-of-control mechanics and capital adequacy-linked forfeiture provisions indicate prudent risk controls around incentive pay .
- Performance context: Company revenue increased year over year while EBITDA data was not available from SPGI; proxies do not disclose executive TSR, and bonuses for named executive officers are discretionary—analysts should supplement with external TSR and financial trend data when assessing compensation-performance linkage (see SPGI disclaimer above) .