Third Coast Bancshares officer awarded 669 shares
Third Coast Bancshares, Inc. officer Christopher Seay Peacock reported an acquisition of 669 shares of restricted common stock as a grant or award.
Rhea-AI Filing Summary
Third Coast Bancshares, Inc. officer Christopher Seay Peacock reported an acquisition of 669 shares of restricted common stock as a grant or award. These restricted shares vest in three equal annual installments beginning on the anniversary of the grant date, subject to the award’s terms.
Following the grant, he directly holds 2,158 shares of common stock. The filing also notes an indirect holding of 1,622 shares through an ESOP, reflecting additional beneficial ownership held via the employee stock ownership plan.
Positive
- None.
Negative
- None.
Insights
Compensation-related stock grant, not an open-market trade.
Christopher Seay Peacock received 669 shares of restricted common stock in a grant categorized as a “grant, award, or other acquisition.” The shares were issued at a stated price of $0.00 per share, indicating a compensation award rather than a purchase.
The restricted stock vests in three equal annual installments starting on the grant anniversary, so full ownership depends on continued service and award conditions. After this grant, he directly owns 2,158 shares and indirectly holds 1,622 shares through an ESOP, suggesting this is a routine equity compensation event rather than a directional market bet.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 669 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Represents shares of restricted common stock, which vest in three equal annual installments beginning on the anniversary of the grant date, subject to the terms of the award.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TCBX officer Christopher Seay Peacock report?
Is the TCBX insider transaction a stock grant or an open-market trade?
How are indirect TCBX holdings reported for Christopher Seay Peacock?
AI-generated analysis. How Rhea-AI works. Not financial advice.