Third Coast Bancshares (TCBX) director granted 1,318 restricted common shares
Rhea-AI Filing Summary
Bonnen Dennis reported acquisition or exercise transactions in this Form 4 filing.
Third Coast Bancshares, Inc. director Dennis Bonnen reported a compensation-related stock grant. He received 1,318 shares of restricted common stock at a price of $0.00 per share, increasing his directly held common stock to 153,377 shares after the award.
According to the filing, these restricted shares vest on the anniversary of the grant date, subject to the terms of the award. The report also lists indirect holdings of Third Coast Bancshares common stock held in IRAs associated with Bonnen and his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,318 shares
Net Buy
3 txns
Insider
Bonnen Dennis
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,318 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 153,377 shares (Direct);
Common Stock — 5,675 shares (Indirect, By IRA);
Common Stock — 4,545 shares (Indirect, By IRA of Bonnen's Spouse)
Footnotes (1)
- F1. Represents shares of restricted common stock, which vest on the anniversary of the grant date, subject to the terms of the award.
Key Figures
Restricted stock award: 1,318 shares
Award price per share: $0.00 per share
Direct holdings after award: 153,377 shares
+2 more
5 metrics
Restricted stock award
1,318 shares
Grant of restricted common stock to director
Award price per share
$0.00 per share
Price of restricted common stock grant
Direct holdings after award
153,377 shares
Common stock directly held after transaction
Spouse IRA indirect holdings
4,545 shares
Common stock held by IRA of Bonnen’s spouse
IRA indirect holdings
5,675 shares
Common stock held by IRA associated with Bonnen
Key Terms
restricted common stock, grant, award, or other acquisition, IRA
3 terms
restricted common stock financial
"Represents shares of restricted common stock, which vest on the anniversary of the grant date"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
grant, award, or other acquisition financial
"transaction_code_description":"Grant, award, or other acquisition""
IRA financial
"nature_of_ownership":"By IRA of Bonnen's Spouse""
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
