Catalyst Bancorp (CLST) grants director 1,058 shares and 2,645 options
Rhea-AI Filing Summary
Catalyst Bancorp director Matthew L. Scruggins received new equity awards. He was granted 1,058 shares of common stock at no cost, increasing his directly held common stock to 25,912 shares, and he also holds 10,000 shares indirectly through his spouse.
He was additionally granted stock options for 2,645 shares of common stock at an exercise price of $15.9600 per share, expiring on June 10, 2036. These shares and options vest at a rate of 20% per year starting on specified future dates, including June 10, 2027. Scruggins also retains previously awarded options covering 2,645 shares at $12.0800 per share expiring in 2035 and 21,160 shares at $13.3000 per share expiring in 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,058 shares
Net Buy
5 txns
Insider
Scruggins Matthew L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 2,645 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,058 | $0.00 | $0.00 |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 26,450 shares (Direct);
Common Stock — 25,912 shares (Direct);
Common Stock — 10,000 shares (Indirect, By spouse)
Footnotes (6)
- 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 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.
- F3. 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.
- F4. These options are vesting at a rate of 20% per year that commenced on September 1, 2023.
- F5. These options vest at a rate of 20% per year commencing on June 10, 2026.
- F6. 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.