Catalyst Bancorp (CLST) chair receives 1,058 shares and new options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Catalyst Bancorp, Inc. chairman of the board Todd A. Kidder reported new equity compensation grants. He received 1,058 shares of common stock on June 10, 2026 at a stated price of $0.00 per share, as an award that vests 20% per year starting June 10, 2027 under the 2022 Recognition and Retention Plan and Trust Agreement. He was also granted 2,645 stock options with an exercise price of $15.96 per share, vesting 20% per year beginning on the same date and expiring on June 10, 2036. After these awards, he directly holds 20,580 common shares, plus stock options to buy additional shares, and indirectly holds 10,000 shares through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Kidder Todd A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| Grant/Award | Stock Option (Right to Buy) | 2,645 | $0.00 | -- |
| Grant/Award | Common Stock | 1,058 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 21,160 shares (Direct, null);
Common Stock — 10,000 shares (Indirect, By spouse);
Common Stock — 20,580 shares (Direct, null)
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 shares granted: 1,058 shares
New options granted: 2,645 options at $15.96
Direct common shares after grant: 20,580 shares
+3 more
6 metrics
Common shares granted
1,058 shares
Award of common stock on June 10, 2026
New options granted
2,645 options at $15.96
Stock Option (Right to Buy), expire June 10, 2036
Direct common shares after grant
20,580 shares
Total direct holdings following non-derivative transaction
Indirect common shares
10,000 shares
Held indirectly by spouse
Existing option position 1
2,645 underlying shares at $12.08
Stock options expiring June 10, 2035
Existing option position 2
21,160 underlying shares at $13.30
Stock options 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, unvested portion, +1 more
5 terms
2022 Recognition and Retention Plan and Trust Agreement financial
"granted pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement"
Stock Option (Right to Buy financial
"security_title": "Stock Option (Right to Buy)"
vesting at a rate of 20% per year financial
"These options are vesting at a rate of 20% per year"
unvested portion financial
"reflect the unvested portion of a grant amount originally covering"
FAQ
What did Catalyst Bancorp (CLST) chairman Todd A. Kidder report on this Form 4?
Todd A. Kidder reported receiving new equity compensation in Catalyst Bancorp. The filing shows a grant of common shares and stock options, along with updated totals of his direct and indirect holdings and remaining unexercised options in the company’s stock.
What stock options did Todd A. Kidder receive from Catalyst Bancorp (CLST)?
He received 2,645 stock options with an exercise price of $15.96 per share. These options vest 20% per year starting June 10, 2027 and expire June 10, 2036, providing long-dated rights to buy Catalyst Bancorp common stock at that fixed price.
How do the vesting terms work for Todd A. Kidder’s new Catalyst Bancorp (CLST) awards?
Both the 1,058-share grant and the 2,645 new stock options vest at 20% per year. Vesting starts on June 10, 2027, meaning the awards become exercisable or fully owned gradually over five years if service and other plan conditions are satisfied.
What other stock options does Todd A. Kidder hold in Catalyst Bancorp (CLST)?
He holds options with exercise prices of $12.08 and $13.30 per share. These cover 2,645 and 21,160 underlying shares of Catalyst Bancorp common stock respectively, with stated expiration dates in 2035 and 2032 and vesting schedules described in the accompanying footnotes.