Capital Bancorp Inc. has entered into a new employment agreement with Steven M. Poynot, appointing him as President and Chief Executive Officer of Capital Bank, N.A. and Chief Operating Officer of the company. Under the new agreement, Poynot will receive an annual base salary of $455,000, subject to possible increases. He is eligible for annual incentive compensation up to 100% of his base salary, paid 40% in restricted stock units with three-year vesting and 60% in cash. Additionally, he may receive an annual stock award up to 30% of his base salary, split equally between stock options and restricted stock units, vesting over four and three years, respectively. Poynot also receives a $500 monthly car allowance and participates in the company's benefit and deferred compensation plans. In the event of termination without cause or resignation for good reason within a year of a change in control, he is entitled to a lump-sum severance equal to 24 months of base salary, the cash portion of one year's target annual incentive, 24 months of health insurance premiums, any unpaid prior incentive compensation, and accelerated vesting of equity awards, contingent upon signing a release agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Capital Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001419536-26-000012), on February 10, 2026, and is solely responsible for the information contained therein.