Catalyst Bancorp (CLST) CEO Joseph Zanco awarded new restricted shares and options
Rhea-AI Filing Summary
Catalyst Bancorp, Inc. director and President/CEO Joseph B. Zanco reported new equity awards in the form of both restricted stock and stock options. He received 5,290 shares of common stock at a grant price of $0.00 per share, issued under the 2022 Recognition and Retention Plan, which vest at 20% per year commencing on June 10, 2027.
He also received 13,225 stock options with an exercise price of $15.96 per share, expiring on June 10, 2036, which vest at 20% per year starting on June 10, 2027. Following these awards, he directly holds 38,160 common shares and maintains indirect holdings through an IRA, ESOP, a 401(k) plan, and shares held by his spouse, along with previously granted options at exercise prices of $12.08 and $13.30.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 5,290 shares
Net Buy
8 txns
Insider
Zanco Joseph B
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 13,225 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 5,290 | $0.00 | $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 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 79,350 shares (Direct);
Common Stock — 38,160 shares (Direct);
Common Stock — 15,000 shares (Indirect, By Spouse);
Common Stock — 2,886.38 shares (Indirect, By 401(k) Plan);
Common Stock — 8,506.7075 shares (Indirect, By ESOP);
Common Stock — 22,009 shares (Indirect, By IRA)
Footnotes (8)
- F1. 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.
- F2. Includes 8,464 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 21,160 shares that commenced vesting 20% per year on September 1, 2023.
- F3. Includes 4,232 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 5,290 shares that commenced vesting 20% per year on June 10, 2026.
- F4. Includes shares acquired in the Catalyst Bank 401(k) Plan since the last filed Form 4, based on a report dated June 4, 2026.
- F5. Includes shares allocated to the reporting person's account in the ESOP since the last filed Form 4, as of December 31, 2025.
- F6. These options are vesting at a rate of 20% per year that commenced on September 1, 2023.
- F7. These options are vesting at a rate of 20% per year that commenced on June 10, 2026.
- F8. These options vest at a rate of 20% per year commencing on June 10, 2027.
Key Figures
Restricted share grant: 5,290 shares at $0.00
New option grant: 13,225 options at $15.96
Direct common shares after grant: 38,160 shares
+5 more
8 metrics
Restricted share grant
5,290 shares at $0.00
Common stock grant on June 10, 2026; vests 20% annually from June 10, 2027
New option grant
13,225 options at $15.96
Stock Option (Right to Buy), expires June 10, 2036; vests 20% annually from June 10, 2027
Direct common shares after grant
38,160 shares
Total direct common stock holding following reported transactions
IRA indirect holding
22,009 shares
Common stock held indirectly by IRA as of the reported date
ESOP indirect holding
8,506.7075 shares
Common stock held indirectly by ESOP as of the reported date
401(k) indirect holding
2,886.38 shares
Common stock held indirectly by Catalyst Bank 401(k) Plan
Existing option position
13,225 underlying shares at $12.08
Stock options expiring June 10, 2035, held directly
Existing option position
52,900 underlying shares at $13.30
Stock options expiring September 1, 2032, held directly
Key Terms
Recognition and Retention Plan, ESOP, 401(k) Plan, Stock Option (Right to Buy), +1 more
5 terms
Recognition and Retention Plan financial
"granted pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement"
ESOP financial
"Includes shares allocated to the reporting person's account in the ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) Plan financial
"Includes shares acquired in the Catalyst Bank 401(k) Plan since the last filed Form 4"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with underlying security title Common Stock"
vesting at a rate of 20% per year financial
"These options vest at a rate of 20% per year commencing on June 10, 2027."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Catalyst Bancorp (CLST) CEO Joseph Zanco receive?
Joseph Zanco received 5,290 restricted shares and 13,225 stock options. The shares were granted at $0.00 per share, and the options have a $15.96 exercise price, forming part of his long-term incentive compensation package.
When do Joseph Zanco’s new Catalyst Bancorp (CLST) awards start vesting?
Both the 5,290 restricted shares and 13,225 stock options begin vesting on June 10, 2027. Each award vests at a 20% annual rate, spreading the compensation over several years to encourage longer-term alignment with shareholder interests.
What stock options on Catalyst Bancorp (CLST) does Joseph Zanco hold and at what prices?
Joseph Zanco holds options to buy Catalyst Bancorp common stock at exercise prices of $12.08, $13.30, and $15.96 per share. These options cover multiple grants with expiration dates ranging from September 1, 2032, to June 10, 2036.
How are Joseph Zanco’s indirect Catalyst Bancorp (CLST) holdings structured?
His indirect Catalyst Bancorp holdings include shares held by an IRA, shares allocated in an ESOP, shares in a 401(k) plan, and shares held by his spouse. These positions supplement his direct share ownership and option grants reported in the filing.