Catalyst Bancorp (CLST) CFO awarded shares, options and reports tax withholding
Rhea-AI Filing Summary
Catalyst Bancorp, Inc. chief financial officer Jacques L.J. Bourque reported compensation-related stock activity. He received a grant of 1,000 shares of common stock and a grant of stock options for 2,000 shares at an exercise price of $15.96 per share, both at no cost to him.
To cover related tax obligations, 131 shares were disposed of at $15.96 per share. After these transactions, he directly holds 4,466 common shares and has stock options covering 4,000 shares at $12.08 per share expiring on June 10, 2035, 5,000 shares at $13.30 per share expiring on September 1, 2032, and 2,000 shares at $15.96 per share expiring on June 10, 2036.
He also has indirect ownership of common stock, including 100 shares as UTMA custodian for each of Levi and Quinn Bourque, 2,793.2688 shares through the ESOP, and 826.6889 shares through the 401(k) plan, reflecting allocations since the prior Form 4.
Positive
- None.
Negative
- None.
Insights
Catalyst Bancorp CFO reports routine equity awards and tax withholding.
The disclosure shows Jacques L.J. Bourque receiving 1,000 restricted shares and options on 2,000 shares at $15.96 per share, alongside a 131-share tax-withholding disposition at $15.96. These are standard compensation and payroll-tax mechanics, not open‑market trades.
Post‑transaction, he directly holds 4,466 common shares and options tied to 11,000 shares across three strike prices expiring between 2032 and 2036. Additional indirect holdings via ESOP, 401(k), and custodial accounts indicate broader exposure but all within benefit and savings plans.
Because there are no open‑market purchases or sales and the net share change is modest relative to his total reported exposure, this filing is best viewed as routine equity compensation reporting rather than a directional signal about the company’s prospects.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 2,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 131 | $15.96 | $2K |
| Grant/Award | Common Stock | 1,000 | $0.00 | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Disposition solely to meet tax obligation for distribution from stock benefit plan. 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. Includes 800 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. 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. Includes shares acquired in the Catalyst Bank 401(k) Plan since the last filed Form 4, based on a report dated June 4, 2026. Includes shares allocated to the reporting person's account in the ESOP since the last filed Form 4, as of December 31, 2025. These options are vesting at a rate of 20% per year that commenced on September 1, 2023. These options are vesting at a rate of 20% per year that commenced on June 10, 2026. The options vest at a rate of 20% per year commencing on June 10, 2027.