Catalyst Bancorp CEO has 1,158 shares withheld
Catalyst Bancorp’s CEO reported a small tax-related share disposition while retaining sizable direct, indirect, and option-based exposure to CLST stock.
Rhea-AI Filing Summary
Catalyst Bancorp, Inc. (CLST) director, president and CEO Joseph B. Zanco reported a disposition of 1,158 shares of Common Stock on September 1, 2026, at $17.81 per share, described as a payment of tax liability by delivering or withholding shares from a stock benefit plan distribution.
After this tax-withholding disposition, he holds 37,002 Common shares directly, plus additional indirect holdings through a spouse, 401(k) plan, ESOP, and IRA, and maintains several stock option awards covering underlying shares at exercise prices between $12.08 and $15.96.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 1,158 shares
Tax Withholding
8 txns
Insider
Zanco Joseph B
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2, F3, F4 | 1,158 | $17.81 | $21K |
| holding | Stock Option (Right to Buy) F7 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F8 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F9 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,002 shares (Direct);
Stock Option (Right to Buy) — 79,350 contracts (Direct);
Common Stock — 15,000 shares (Indirect, By Spouse);
Common Stock — 2,996.5955 shares (Indirect, By 401(k) Plan);
Common Stock — 8,506.7075 shares (Indirect, By ESOP);
Common Stock — 22,009 shares (Indirect, By IRA)
Footnotes (9)
- F1. Disposition solely to meet tax obligation for distribution from stock benefit plan.
- F2. 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 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. 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.
- F5. Includes shares acquired in the Catalyst Bank 401(k) Plan since the last filed Form 4, based on a report dated August 27, 2026.
- F6. Includes shares allocated to the reporting person's account in the ESOP since the last filed Form 4, as of December 31, 2025.
- F7. These options are vesting at a rate of 20% per year that commenced on September 1, 2023.
- F8. These options are vesting at a rate of 20% per year that commenced on June 10, 2026.
- F9. These options vest at a rate of 20% per year commencing on June 10, 2027.
Key Figures
Shares disposed for tax liability: 1,158 shares
Price per share for tax-withholding disposition: $17.81 per share
Direct Common Stock holdings after transaction: 37,002 shares
+5 more
8 metrics
Shares disposed for tax liability
1,158 shares
Common Stock used on September 1, 2026 to pay tax via share withholding
Price per share for tax-withholding disposition
$17.81 per share
Value assigned to the 1,158 Common shares used for tax payment
Direct Common Stock holdings after transaction
37,002 shares
Directly owned by Joseph B. Zanco after September 1, 2026 disposition
Indirect holdings by spouse
15,000 shares
Common Stock held indirectly through spouse
Indirect holdings by 401(k) Plan
2,996.5955 shares
Common Stock in Catalyst Bank 401(k) Plan as of report dated August 27, 2026
Indirect holdings by ESOP
8,506.7075 shares
Common Stock allocated to ESOP account as of December 31, 2025
Indirect holdings by IRA
22,009 shares
Common Stock held indirectly via IRA
Largest option grant underlying shares
52,900 shares
Underlying Common Stock for options at $13.30 exercise price expiring September 1, 2032
Key Terms
ESOP, 401(k) Plan, Recognition and Retention Plan and Trust Agreement, IRA, +1 more
5 terms
ESOP financial
"Includes shares allocated to the reporting person's account in the ESOP since"
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"
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.
Recognition and Retention Plan and Trust Agreement financial
"granted pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust"
IRA financial
"Common Stock total shares following transaction 22009.0000, nature of ownership 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.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with underlying security title Common Stock"
FAQ
What transaction did Catalyst Bancorp (CLST) CEO Joseph B. Zanco report?
He reported a disposition of 1,158 shares of Common Stock on September 1, 2026, at $17.81 per share, characterized as a payment of tax liability by delivering or withholding securities from a stock benefit plan distribution.
What indirect holdings in CLST stock does the CEO report?
He reports indirect ownership of 15,000 shares by spouse, 2,996.5955 shares in a 401(k) Plan, 8,506.7075 shares in an ESOP, and 22,009 shares by IRA, in addition to his direct holdings.
Was the CLST CEO’s September 1, 2026 transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and the transaction is instead described in a footnote as solely to meet tax obligation for a stock benefit plan distribution.
AI-generated analysis. How Rhea-AI works. Not financial advice.
