Third Coast Bancshares (TCBX) fixes error on reported option grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Third Coast Bancshares, Inc. filed an amended Form 4 to correct an earlier administrative error for director Jeffrey A. Wilkinson. The prior filing had incorrectly reported a grant of 3,600 stock options on March 16, 2026, which the company now states did not occur. The amendment shows no stock options or underlying common shares outstanding for this award, effectively clarifying that no equity grant was made on that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wilkinson Jeffrey A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
Did Jeffrey A. Wilkinson actually receive 3,600 stock options from TCBX?
No, the company states that the earlier Form 4 mistakenly reported a grant of 3,600 options to acquire common stock. The amended filing confirms this grant did not occur and adjusts the disclosure so no options are shown as granted on that date.
How many stock options does the amended TCBX filing show for the corrected grant?
The amended filing shows zero options and zero underlying common shares for the previously reported grant. This reflects that no stock option award was made to the reporting person on March 16, 2026, despite the earlier incorrect disclosure.