Company: USCB
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000927089-25-000082
Chunk: 29

Company: USCB FINANCIAL HOLDINGS, INC.
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 29
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 and, starting in 2023, restricted stock awards. Finally, we are committed to helping maintain the health and welfare of our executive officers and offer benefits packages that meet or exceed median levels of coverage.

Compensation Process.Our compensation committee regularly reviews our executive compensation to ensure it achieves our desired goals and is responsible for approving compensation arrangements for our executive officers, in particular our named executive officers. As part of this process, the committee annually reviews and approves corporate goals and objectives relevant to the compensation of our named executive officers as well as our senior management group as a whole, evaluates the performance of the named executive officers in light of these goals and objectives, and approves the compensation levels for the named executive officers as well as our senior management group based on such evaluation. The committee annually reviews our incentive compensation arrangements to confirm they do not encourage unnecessary risk-taking. In determining the long-term incentive component of our executive compensation program, the compensation committee considers our performance and relative shareholder return, the value of similar incentive awards granted by our peers and the awards given to our named executive officers and members of senior management in past years.

Components of Compensation.Our executive compensation program consists primarily of the following elements:

| ● | base compensation; |

| ● | cash bonuses; |

| ● | restricted stock awards and stock options; |

| ● | participation in our 401(k) plan, to which we make annual contributions; |

| ● | health and welfare benefits; and |

| ● | perquisites. |

Each of these elements is discussed in more detail under “—Narrative Discussion of Summary Compensation” below.

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Practices Related to the Grant of Equity Awards.USCB Financial Holdings’ compensation committee has determined since 2022 to provide equity incentive compensation in the form of restricted stock awards rather than stock options. Restricted stock award grants have generally been made to executive officers and other officers on an annual basis that coincides with USCB Financial Holdings’ fiscal year-based performance analysis, allowing the Board and compensation committee to grant equity awards close in time to performance appraisals. In 2024 and 2023, the majority of the restricted stock awards were made in January and March, respectively. The grants in March 2023 were the first time restricted stock awards were granted after obtaining shareholder approval of the amendment and restatement of the Amended and Restated 2015 Equity Incentive Plan to allow for such form of equity incentive compensation. The grants typically provide for pro rata annual vesting over three years on the anniversary