Director Lafleur of Catalyst Bancorp (CLST) receives new stock and option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Catalyst Bancorp, Inc. director Frederick R. Lafleur reported new equity compensation awards. He received 1,058 shares of common stock at $0.00 per share, increasing his directly held common stock to 10,580 shares. He also received a stock option for 2,645 shares of common stock with a $15.96 exercise price, expiring on June 10, 2036. These stock and option awards vest 20% per year, commencing on June 10, 2027, under the company’s 2022 Recognition and Retention Plan and Trust Agreement. In addition to direct holdings, the filing shows 15,000 shares held indirectly by his spouse and 10,000 shares held indirectly through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Lafleur Frederick R.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 2,645 | $0.00 | -- |
| Grant/Award | Common Stock | 1,058 | $0.00 | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 2,645 shares (Direct, null);
Common Stock — 10,580 shares (Direct, null);
Common Stock — 10,000 shares (Indirect, By IRA)
Footnotes (1)
- 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 847 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 1,058 shares that commenced vesting 20% per year on June 10, 2026. 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. 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. These options vest at a rate of 20% per year commencing on June 10, 2027.
Key Figures
Common stock grant: 1,058 shares at $0.00
New option grant: 2,645 shares at $15.96
Direct common holdings: 10,580 shares
+4 more
7 metrics
Common stock grant
1,058 shares at $0.00
Award to director Lafleur on June 10, 2026
New option grant
2,645 shares at $15.96
Stock Option (Right to Buy), expires June 10, 2036
Direct common holdings
10,580 shares
Total common stock directly held after grant
Indirect spouse holdings
15,000 shares
Common stock held indirectly by spouse
Indirect IRA holdings
10,000 shares
Common stock held indirectly by IRA
Existing option position 1
2,645 shares at $12.08
Option expiring June 10, 2035
Existing option position 2
21,160 shares at $13.30
Option expiring September 1, 2032
Key Terms
2022 Recognition and Retention Plan and Trust Agreement, Stock Option (Right to Buy, vesting at a rate of 20% per year, IRA, +1 more
5 terms
2022 Recognition and Retention Plan and Trust Agreement financial
"Represents the grant of shares pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement"
Stock Option (Right to Buy financial
"Stock Option (Right to Buy) with a $15.9600 exercise price expiring on June 10, 2036"
vesting at a rate of 20% per year financial
"These options are vesting at a rate of 20% per year that commenced on September 1, 2023"
IRA financial
"Common Stock held indirectly with nature of ownership described as By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition"
FAQ
What did Frederick R. Lafleur acquire in this Catalyst Bancorp (CLST) Form 4?
Frederick R. Lafleur reported receiving 1,058 shares of Catalyst Bancorp common stock at $0.00 per share and a stock option for 2,645 shares at a $15.96 exercise price, both as equity compensation awards under the company’s 2022 Recognition and Retention Plan.
When do Frederick R. Lafleur’s new Catalyst Bancorp equity awards vest?
The newly granted 1,058 shares and the 2,645-share stock option vest at 20% per year, commencing on June 10, 2027. This means the awards become exercisable or fully owned gradually over five years, consistent with the company’s long-term incentive structure.
What stock option positions does Lafleur hold in Catalyst Bancorp (CLST) after this filing?
Lafleur holds options over 2,645 shares at a $12.08 exercise price expiring June 10, 2035, 21,160 shares at $13.30 expiring September 1, 2032, and the new 2,645-share option at $15.96 expiring June 10, 2036, all tied to Catalyst Bancorp common stock.