USCB FINANCIAL HOLDINGS, INC. — Form 10-Q
Filed August 7, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
USCB Financial Holdings entered into a change-in-control agreement dated July 6, 2026 with Sergio Garrido, Senior Vice President and Chief Credit Officer of U.S. Century Bank. The agreement provides for a severance payment equal to one times Garrido's base annual salary (amount not specified in excerpt) within 30 days of any change-in-control event. The agreement runs through December 31, 2028 with potential annual extensions; it is subject to regulatory restrictions under FDIA and Section 409A of the Internal Revenue Code.
Why this rating
Standard change-of-control severance agreement with unnamed salary amount. Routine for mid-level executive retention; no deal value, strategic change, or operational impact disclosed. Immaterial relative to $173M market cap.
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