Company: USCB
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000927089-25-000082
Chunk: 32

Company: USCB FINANCIAL HOLDINGS, INC.
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 32
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:----|:----------------|-------:|
| Luis de la Aguilera |     | $                   | 3,484 |     | $                    | 9,000 |     | $               | 1,200 |     | $             | 24,829 |     | $               | 33,556 |
| Robert Anderson     |     |                     | 3,955 |     |                      | 9,000 |     |                 | 1,200 |     |               | 24,829 |     |                 |  7,513 |
| Nicholas Bustle     |     |                     | 4,545 |     |                      | 9,000 |     |                 | 1,200 |     |               | 24,829 |     |                 |  3,872 |

Narrative Discussion of Summary Compensation Table

Base Salary. The base salaries of our named executive officers are reviewed and approved annually by the compensation committee, subject to Board ratification. Base salaries are also reviewed upon the promotion of an executive officer to a new position or another change in job responsibility. In establishing base salaries for our named executive officers, our compensation committee has relied on external market data and peer data obtained from outside sources, including the use of a third party compensation consultant. In addition to considering the information obtained from such sources, our compensation committee has considered:

| ● | each named executive officer’s scope of responsibility; |

| ● | each named executive officer’s years of experience; |

| ● | the types and amount of the elements of compensation to be paid to each named executive officer; |

| ● | our financial performance and performance with respect to other aspects of our operations, such as our growth, asset quality, profitability and other matters, including the status of our relationship with the banking regulatory agencies; and |

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| ● | each named executive officer’s individual performance and contributions to our performance, including leadership and teamwork. |

Based on market studies and the performance of the named executive officers, the compensation committee approved an increase in the base salary of Mr. Aguilera by $100,000 or 16.7% to $700,000 per year, effective October 1, 2024. Mr. de la Aguilera had not received a salary increase since September 2022. Mr. Anderson received a base salary of $325,000 pursuant to the terms of his employment agreement entered into in September 2020 which was increased to