Catalyst Bancorp CFO has 131 shares withheld for tax
CFO Jacques L.J. Bourque reported a small tax-related share withholding while maintaining direct, plan-based, and option holdings in Catalyst Bancorp common stock.
Rhea-AI Filing Summary
Catalyst Bancorp, Inc. (CLST) reported that its chief financial officer, Jacques L.J. Bourque, had 131 shares of common stock withheld on September 1, 2026 at $17.81 per share to pay tax obligations arising from a stock benefit plan distribution. After this tax-withholding disposition, he holds 4,335 common shares directly, plus additional indirect holdings through a 401(k) plan, an employee stock ownership plan and custodial accounts, and retains unexercised stock options over 11,000 shares with exercise prices between about $12 and $16.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 131 shares
Tax Withholding
8 txns
Insider
Bourque Jacques L.J.
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2, F3, F4 | 131 | $17.81 | $2K |
| holding | Stock Option (Right to Buy) F7 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F8 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F9 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,335 shares (Direct);
Stock Option (Right to Buy) — 11,000 contracts (Direct);
Common Stock — 860.6112 shares (Indirect, By 401(k) Plan);
Common Stock — 2,793.2688 shares (Indirect, By ESOP);
Common Stock — 100 shares (Indirect, As Utma Custodian for Quinn Bourque);
Common Stock — 100 shares (Indirect, As Utma Custodian for Levi Bourque)
Footnotes (9)
- F1. Disposition solely to meet tax obligation for distribution from stock benefit plan.
- F2. Includes 1,600 shares granted pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement that reflect the unvested portion of a grant amount originally covering 2,000 shares that commenced vesting 20% per year on June 10, 2026.
- F3. Includes 400 shares granted pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement that reflect the unvested portion of a grant amount originally covering 2,000 shares that commenced vesting 20% per year on September 1, 2023.
- F4. Represents the grant of shares pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement that vest at 20% per year commencing on June 10, 2027.
- F5. Includes shares acquired in the Catalyst Bank 401(k) Plan since the last filed Form 4, based on a report dated August 27, 2026.
- F6. Includes shares allocated to the reporting person's account in the ESOP since the last filed Form 4, as of December 31, 2025.
- F7. These options are vesting at a rate of 20% per year that commenced on September 1, 2023.
- F8. These options are vesting at a rate of 20% per year that commenced on June 10, 2026.
- F9. The options vest at a rate of 20% per year commencing on June 10, 2027.
Key Figures
Shares withheld for tax: 131 shares
Per-share value used for tax withholding: $17.81 per share
Direct common shares after transaction: 4,335 shares
+5 more
8 metrics
Shares withheld for tax
131 shares
Common stock withheld on September 1, 2026 to satisfy tax obligations
Per-share value used for tax withholding
$17.81 per share
Value applied to the 131 withheld common shares on September 1, 2026
Direct common shares after transaction
4,335 shares
Direct common stock holdings of the CFO following the tax-withholding disposition
Indirect 401(k) holdings
860.6112 shares
Common stock held indirectly through the Catalyst Bank 401(k) plan
Indirect ESOP holdings
2,793.2688 shares
Common stock allocated to the CFO’s account in the employee stock ownership plan
Stock options at $13.30
5,000 underlying shares
Unexercised options on common stock at a $13.30 exercise price expiring September 1, 2032
Stock options at $12.08
4,000 underlying shares
Unexercised options on common stock at a $12.08 exercise price expiring June 10, 2035
Stock options at $15.96
2,000 underlying shares
Unexercised options on common stock at a $15.96 exercise price expiring June 10, 2036
Key Terms
stock benefit plan, employee stock ownership plan, Recognition and Retention Plan and Trust Agreement, vesting, +1 more
5 terms
stock benefit plan financial
"Disposition solely to meet tax obligation for distribution from stock benefit plan."
employee stock ownership plan financial
"Includes shares allocated to the reporting person's account in the ESOP"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
Recognition and Retention Plan and Trust Agreement financial
"Includes 1,600 shares granted pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement"
vesting financial
"commenced vesting 20% per year on September 1, 2023"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
UTMA custodian financial
"As Utma Custodian for Quinn Bourque"
FAQ
What transaction did Catalyst Bancorp (CLST) report for its CFO on September 1, 2026?
The chief financial officer had 131 shares of common stock withheld on September 1, 2026 at $17.81 per share to satisfy tax obligations related to a distribution from a stock benefit plan.
What indirect Catalyst Bancorp (CLST) holdings does the CFO report?
Indirectly, the chief financial officer reports 860.6112 shares through a 401(k) plan, 2,793.2688 shares through an employee stock ownership plan, and 100 shares each as UTMA custodian for Quinn Bourque and for Levi Bourque.
What stock options in Catalyst Bancorp (CLST) does the CFO hold according to this filing?
The chief financial officer holds stock options over 5,000 shares at $13.30 expiring September 1, 2032, 4,000 shares at $12.08 expiring June 10, 2035, and 2,000 shares at $15.96 expiring June 10, 2036, all relating to common stock.
Was the Catalyst Bancorp (CLST) CFO’s reported transaction under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5-1 trading plan for the reported tax-withholding disposition of 131 shares; the shares were withheld solely to meet tax obligations from a stock benefit plan distribution.
AI-generated analysis. How Rhea-AI works. Not financial advice.
