| | | | By Order of the Board of Directors, | |
| | | | Robert R. Franklin, Jr. Chairman, President and Chief Executive Officer | |
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 4 | | | |
| | | | | 4 | | | |
| | | | | 4 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | ||||
| | |||||||
| | | | | 9 | | | |
| | | | | | | ||
| | | | | 12 | | | |
| | | | | 13 | | | |
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | ||||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | 32 | | | |
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | | ||
| | | | | | |
Name of Nominee | | | Age | | | Position | | | Director Since | |
Sheila G. Umphrey | | | 81 | | | Director | | | 2017 | |
John E. Williams, Jr. | | | 66 | | | Director | | | 2007 | |
William E. Wilson, Jr. | | | 65 | | | Director | | | 2017 | |
Name of Nominee | | | Age | | | Position | | | Director Since | |
Robert R. Franklin | | | 67 | | | Director, Chairman, President and CEO | | | 2013 | |
J. Pat Parsons | | | 73 | | | Director | | | 2007 | |
Michael A. Havard | | | 65 | | | Director | | | 2017 | |
Tommy W. Lott | | | 85 | | | Director | | | 2013 | |
| | 2020 | | 2019 | | | 2021 | | 2020 | | ||||||||||||||||
Audit fees(1) | | | $ | 589,677 | | | | $ | 637,628 | | | | | $ | 611,583 | | | | $ | 589,677 | | | ||||
Audit-related fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Tax fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
All other fees | | | | — | | | | | — | | | | | | — | | | | | — | | | ||||
Total fees | | | $ | 589,677 | | | | $ | 637,628 | | | | | $ | 611,583 | | | | $ | 589,677 | | |
Name of Named Executive Officer | | | Position | | | Age | |
Robert R. Franklin, Jr. | | | Director, Chairman, President and Chief Executive Officer | | | | |
J. Pat Parsons | | | Director, Vice Chairman | | | | |
Robert T. Pigott, Jr. | | | Chief Financial Officer and Senior Executive Vice President | | | |
Name of Executive Officer | | | Position | | | Age | |
Travis Jaggers | | | President | | | | |
Deborah Dinsmore | | | Senior Executive Vice President and Chief Information Officer | | | | |
Justin M. Long | | | Senior Executive Vice President, General Counsel and Corporate Secretary | | | | |
Cambrea R. Merriwether | | | Senior Executive Vice President and Chief Human Resources Officer | | | | |
James L. Sturgeon | | | Senior Executive Vice President and Chief Risk Officer | | | ||
| |||||||
Joe F. West | | | Senior Executive Vice President and Chief Credit Officer | | | |
Name and Principal Position | | Year | | Salary ($) | | Bonus(1) ($) | | Stock Awards(2) ($) | | Nonqualified Deferred Compensation Earnings(3) ($) | | All Other Compensation ($) | | Total ($) | | | Year | | Salary ($) | | Bonus(1) ($) | | Stock Awards(2) ($) | | Stock Awards Dividends(3) ($) | | Nonqualified Deferred Compensation Earnings(4) ($) | | All Other Compensation(5) ($) | | Total ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Robert R. Franklin, Jr. Chairman of the Board, President and Chief Executive Officer | | | | | 2021 | | | | | 550,000 | | | | | 800,000 | | | | | 78,843 | | | | $ | 9,786 | | | | | 6,923 | | | | | 302,390 | | | | | 1,747,942 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | 2020 | | | | | 550,000 | | | | | 600,000 | | | | | 59,948 | | | | | 9,338 | | | | | 248,750(4) | | | | | 1,468,036 | | | | | | 2020 | | | | | 550,000 | | | | | 600,000 | | | | | 59,948 | | | | | 6,056 | | | | | 9,338 | | | | | 248,750 | | | | | 1,474,092 | | | |||||||||||||||
| | | 2019 | | | | | 500,000 | | | | | 1,250,000 | | | | | 96,363 | | | | | 12,607 | | | | | 262,660(5) | | | | | 2,121,630 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||
J. Pat Parsons Vice Chairman | | | | | 2020 | | | | | 300,000 | | | | | 330,000 | | | | | 32,982 | | | | | 6,179 | | | | | 169,679(6) | | | | | 838,840 | | | | | | | 2021 | | | | | 300,000 | | | | | 300,000 | | | | | 29,577 | | | | | 3,608 | | | | | 5,059 | | | | | 152,341 | | | | | 790,585 | | | |||||||||||||
| | | 2019 | | | | | 300,000 | | | | | 550,000 | | | | | 52,983 | | | | | 8,860 | | | | | 177,584(7) | | | | | 1,089,427 | | | | | | 2020 | | | | | 300,000 | | | | | 330,000 | | | | | 32,982 | | | | | 2,144 | | | | | 6,179 | | | | | 169,679 | | | | | 840,984 | | | ||||||||||||||||
Robert T. Pigott, Jr. Chief Financial Officer and Senior Executive Vice President | | | | | 2020 | | | | | 327,059 | | | | | 150,000 | | | | | 14,987 | | | | | — | | | | | 24,251(8) | | | | | 516,297 | | | | | | | 2021 | | | | | 327,059 | | | | | 150,000 | | | | | 14,774 | | | | | 3,166 | | | | | — | | | | | 24,551 | | | | | 519,550 | | | |||||||||||||
| | | 2019 | | | | | 317,533 | | | | | 250,000 | | | | | 24,083 | | | | | — | | | | | 23,951(9) | | | | | 615,567 | | | | | | 2020 | | | | | 327,059 | | | | | 150,000 | | | | | 14,987 | | | | | 1,989 | | | | | — | | | | | 24,251 | | | | | 518,286 | | |
Name | | | Year | | | Salary Continuation(1) | | | Deferred Compensation(2) | | | 401(k) Match | | | Life Insurance | | | Company Car | | | Club Dues | | | Other(3) | | | Total | | |||||||||||||||||||||||||||
Robert R. Franklin, Jr. | | | | | 2021 | | | | | $ | 260,525 | | | | | $ | — | | | | | $ | 17,400 | | | | | $ | 6,401 | | | | | $ | 5,502 | | | | | $ | 11,812 | | | | | $ | 750 | | | | | $ | 302,390 | | |
| | | 2020 | | | | | | 203,001 | | | | | | — | | | | | | 17,100 | | | | | | 6,401 | | | | | | 4,659 | | | | | | 16,839 | | | | | | 750 | | | | | | 248,750 | | | ||
J. Pat Parsons | | | | | 2021 | | | | | | 100,000 | | | | | | 8,348 | | | | | | 17,400 | | | | | | 10,382 | | | | | | 15,616 | | | | | | — | | | | | | 595 | | | | | | 152,341 | | |
| | | 2020 | | | | | | 100,000 | | | | | | 29,781 | | | | | | 17,100 | | | | | | 10,382 | | | | | | 11,929 | | | | | | — | | | | | | 487 | | | | | | 169,679 | | | ||
Robert T. Pigott, Jr. | | | | | 2021 | | | | | | — | | | | | | — | | | | | | 17,400 | | | | | | 6,401 | | | | | | — | | | | | | — | | | | | | 750 | | | | | | 24,551 | | |
| | | 2020 | | | | | | — | | | | | | — | | | | | | 17,100 | | | | | | 6,401 | | | | | | — | | | | | | — | | | | | | 750 | | | | | | 24,251 | | |
Name | | | Grant Date | | | Grant Date Fair Value | | | Number of Shares of Restricted Stock Granted | | |||||||||
Robert R. Franklin, Jr. | | | | | 2/1/2022 | | | | | $ | 29.43 | | | | | | 2,679 | | |
| | | | | 2/1/2021 | | | | | $ | 26.32 | | | | | | 2,252 | | |
J. Pat Parsons | | | | | 2/1/2022 | | | | | $ | 29.43 | | | | | | 1,005 | | |
| | | | | 2/1/2021 | | | | | $ | 26.32 | | | | | | 1,239 | | |
Robert T. Pigott, Jr. | | | | | 2/1/2022 | | | | | $ | 29.43 | | | | | | 502 | | |
| | | | | 2/1/2021 | | | | | $ | 26.32 | | | | | | 563 | | |
| | | Option Awards | | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||
| | | Number of Securities Underlying Unexercised Options | | | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options | | | Option Exercise Price | | | Option Expiration Date | | | Number of Shares or Units of Stock That Have Not Vested (#) | | | Market Value of Shares or Units of Stock That Have Not Vested(1) ($) | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that have not Vested ($) | | |||||||||||||||||||||||||||||||
Name | | | Exercisable | | | Unexercisable | | |||||||||||||||||||||||||||||||||||||||||||||||||
Robert R. Franklin, Jr. | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | 6,000 | | | | | | | | | | | — | | | | | | — | | | |||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | — | | | | | | — | | | |||||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | | | | — | | | ||||||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,252(5) | | | | | | 65,308 | | | | | | — | | | | | | — | | | |||
J. Pat Parsons | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | 2,000 | | | | | | | | | | | — | | | | | | — | | | |||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | — | | | | | | — | | | |||||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | — | | | | | | — | | | |||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,239(5) | | | | | | 35,931 | | | | | | | | | | | | | | | |||
Robert T. Pigott Jr. | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | 2,000 | | | | | | | | | | | — | | | | | | — | | | |||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | — | | | | | | — | | | |||||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | — | | | | | | — | | | |||||
| | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 563(5) | | | | | | 16,327 | | | | | | — | | | | | | — | | |
Name | | Fee Earned or Paid in Cash ($) | | Stock Awards ($) | | All Other Compensation ($) | | Total Compensation ($) | | | Fees Earned or Paid in Cash($)(1) | | StockAwards($)(2) | | All Other Compensation($)(3) | | Total Compensation($) | | ||||||||||||||||||||||||||||||||
Michael A. Havard | | | | 57,989 | | | | | 42,070 | | | | | — | | | | | 100,059 | | | | | | 54,150 | | | | | 51,493 | | | | | 695 | | | | | 106,338 | | | ||||||||
Tommy W. Lott | | | | 47,989 | | | | | 42,070 | | | | | — | | | | | 90,059 | | | | | | 41,575 | | | | | 51,493 | | | | | 695 | | | | | 93,763 | | | ||||||||
Glen W. Morgan | | | | 25,489 | | | | | 42.070 | | | | | — | | | | | 67,559 | | | | | | 32,200 | | | | | 51,493 | | | | | 695 | | | | | 84,388 | | | ||||||||
Joe E. Penland, Sr. | | | | 35,489 | | | | | 42,070 | | | | | — | | | | | 77,559 | | | | | | 39,650 | | | | | 51,493 | | | | | 695 | | | | | 91,838 | | | ||||||||
Reagan A. Reaud | | | | 15,217 | | | | | 28,056 | | | | | — | | | | | 43,273 | | | | | | 42,500 | | | | | 51,493 | | | | | 695 | | | | | 94,688 | | | ||||||||
Wayne A. Reaud(1) | | | | 10,000 | | | | | — | | | | | — | | | | | 10,000 | | | |||||||||||||||||||||||||||||
Joseph B. Swinbank | | | | 50,489 | | | | | 42,070 | | | | | — | | | | | 92,559 | | | | | | 49,150 | | | | | 51,493 | | | | | 695 | | | | | 101,338 | | | ||||||||
Sheila G. Umphrey | | | | 22,989 | | | | | 42,070 | | | | | — | | | | | 65,059 | | | | | | 29,750 | | | | | 51,493 | | | | | 695 | | | | | 81,938 | | | ||||||||
John E. Williams, Jr. | | | | 32,989 | | | | | 42,070 | | | | | — | | | | | 75,059 | | | | | | 36,950 | | | | | 51,493 | | | | | 695 | | | | | 89,138 | | | ||||||||
William E. Wilson, Jr. | | | | 55,489 | | | | | 42,070 | | | | | — | | | | | 97,559 | | | | | | 43,250 | | | | | 51,493 | | | | | 695 | | | | | 95,438 | | |
Plan Category | | Number of Shares to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | | Weighted Average Exercise Price of Outstanding Options, Warrants and Rights | | Number of Shares Remaining available for Future Issuance Under Equity Compensation Plans (excluding column (a)) | | | Number of Shares to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | | Weighted Average Exercise Price of Outstanding Options, Warrants and Rights | | Number of Shares Remaining available for Future Issuance Under Equity Compensation Plans (excluding column (a)) | | ||||||||||||||||||||||||
| | (a) | | (b) | | (c) | | | (a) | | (b) | | (c) | | ||||||||||||||||||||||||
Equity compensation plans approved by shareholders (1) | | | | 156,000 | | | | $ | 18.95 | | | | | 1,272,057 | | | | | | 156,000 | | | | $ | 18.95 | | | | | 1,239,200 | | | ||||||
Equity compensation plans not approved by shareholders | | | | — | | | | | — | | | | | — | | | | | | — | | | | | — | | | | | — | | | ||||||
Total | | | | 156,000 | | | | $ | 18.95 | | | | | 1,272,057 | | | | | | 156,000 | | | | $ | 18.95 | | | | | 1,239,200 | | |
Name of Beneficial Owner | | | Number of Shares Beneficially Owned | | | Percentage Beneficially Owned(1) | | ||||||
Directors and Named Executive Officers: | | | | | | | | | | | | | |
Robert R. Franklin, Jr. | | | | | | | | | | 1.12% | | | |
J. Pat Parsons | | | | | | | | | | * | | | |
Michael A. Havard | | | | | | | | | | * | | | |
Tommy W. Lott | | | | | | | | | | * | | | |
Glen W. Morgan | | | | | | | | | | | |
Name of Beneficial Owner | | | Number of Shares Beneficially Owned | | | Percentage Beneficially Owned(1) | | ||||||
Joe E. Penland, Sr. | | | | | | | | | | 5.78% | | | |
Reagan A. Reaud | | | | | | | | | | * | | | |
Joseph B. Swinbank | | | | | | | | | | 1.07% | | | |
Sheila G. Umphrey | | | | | | | | | | | | ||
John E. Williams, Jr. | | | | | | | | | | | | ||
William E. Wilson, Jr. | | | | | | | | | | * | | | |
Robert T. Pigott, Jr. | | | | | | | | | | * | | | |
Directors and Executive Officers as a group | | | | | | | | | | | | ||
Principal Shareholders – 5% Security | | | | | | | | | | | | | |
BlackRock, Inc. | | | | | | | | | | | | ||
FJ Capital Management | | | | | | | | | | | |
| Date: , 2022 | | | CBTX, INC. | | |||
| | | | By: | | | | |
| | | | Name: | | | | |
| | | | Title: | | | | |