Catalyst Bancorp COO Disposes 553 Shares, Retains 25,160 Option Rights
Rhea-AI Filing Summary
Amanda B. Quebedeaux, Chief Operations Officer of Catalyst Bancorp, Inc. (CLST), reported a transaction on 09/01/2025. She disposed of 553 shares of common stock at $12.83 per share to satisfy tax obligations related to a stock benefit distribution. After that disposition she directly beneficially owned 9,263 shares and indirectly held 3,204.8705 shares through the company ESOP as of the last reported date. The filing also reports two outstanding stock options: one to purchase 21,160 shares with a $13.30 exercise price expiring 09/01/2032 and one to purchase 4,000 shares with a $12.08 exercise price expiring 06/10/2035; the grants vest on multi-year schedules disclosed in the form. The Form 4 was signed by power of attorney on 09/02/2025.
Positive
- Continued equity ownership: Reporter still directly owns 9,263 shares and indirectly holds 3,204.8705 shares via the ESOP.
- Sizable option grants retained: Options covering 21,160 and 4,000 shares remain outstanding, aligning the officer with long-term shareholder value.
- Transaction disclosed as tax-related: The 553-share sale is explicitly identified as a disposition to meet tax obligations, reducing ambiguity about insider intent.
Negative
- None.
Insights
TL;DR: Insider sold a small block to cover taxes while retaining meaningful equity and sizable option grants.
The 553-share disposition at $12.83 is explicitly described as a tax-related sale and represents a modest liquidity event relative to the reported direct and indirect holdings. The reporter retains direct ownership of 9,263 shares plus 3,204.8705 shares via the ESOP, and holds stock options totaling 25,160 underlying shares across two grants with exercise prices near current market levels. The option portfolio and retained shares indicate continued alignment with shareholder value, while the disclosed vesting schedules (20% annual vesting for the noted grants) delimit near-term dilution risk.
TL;DR: Transaction is routine and documented; disclosures on vesting and ESOP holdings are clear and appropriate.
The Form 4 clearly identifies the reporting person as both an officer (Chief Operations Officer) and a director and provides required detail for the disposition, ESOP allocations, and option grants. The sale is documented as a tax-withholding disposition from a benefit plan, which is a common practice. Vesting timelines and the distinction between direct and indirect ownership are disclosed, supporting transparency for investors assessing insider incentives and potential future share dilution.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 553 | $12.83 | $7K |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Disposition solely to meet tax obligation for distribution from stock benefit plan. Includes 3,388 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 8,464 shares that commenced vesting 20% per year on September 1, 2023. Includes shares allocated to the reporting person's account in the ESOP since the last filed Form 4, as of December 31, 2024. The options are vesting at a rate of 20% per year that commenced on September 1, 2023. The options vest at a rate of 20% per year commencing on June 10, 2026.
