Third Coast director awarded 1,318 restricted shares
Stunja Joseph reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Stunja Joseph reported acquisition or exercise transactions in this Form 4 filing.
Third Coast Bancshares director Joseph Stunja received a grant of 1,318 shares of restricted common stock, awarded at $0.00 per share. These restricted shares vest on the anniversary of the grant date, subject to the terms of the award.
Following this award, Stunja directly holds 1,968 common shares. In addition, 144,600 common shares are held indirectly through The Stunja Family Trust, reflecting prior transfers that were previously reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,318 shares
Grant/Award
2 txns
Insider
Stunja Joseph
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,318 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,968 shares (Direct);
Common Stock — 144,600 shares (Indirect, By: The Stunja Family Trust)
Footnotes (2)
- F1. Represents shares of restricted common stock, which vest on the anniversary of the grant date, subject to the terms of the award.
- F2. Includes 7,632 shares transferred from the reporting person to The Stunja Family Trust (the "Trust") on April 2, 2024, 6,350 shares transferred from the reporting person to the Trust on January 9, 2025, and 1,594 shares transferred from the reporting person to the Trust on July 11, 2025. In prior reports, the reporting person reported beneficial ownership of all such 15,576 shares held directly.
Key Figures
Restricted stock grant: 1,318 shares
Grant price: $0.00 per share
Direct holdings after grant: 1,968 shares
+2 more
5 metrics
Restricted stock grant
1,318 shares
Common Stock granted as restricted stock award
Grant price
$0.00 per share
Price for restricted common stock grant
Direct holdings after grant
1,968 shares
Total common shares held directly following transaction
Indirect trust holdings
144,600 shares
Common shares held via The Stunja Family Trust
Transaction date
May 21, 2026
Date of reported transactions
Key Terms
restricted common stock, grant, award, or other acquisition, indirect, The Stunja Family Trust, +1 more
5 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"
indirect financial
"ownership_type: indirect"
The Stunja Family Trust financial
"By: The Stunja Family Trust"
beneficial ownership financial
"In prior reports, the reporting person reported beneficial ownership of all such 15,576 shares held directly."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Joseph Stunja report in this Form 4 for TCBX?
Joseph Stunja reported receiving 1,318 shares of restricted common stock in Third Coast Bancshares as a grant. These shares are compensation-related, issued at $0.00 per share, and vest on the anniversary of the grant date under the award terms.
What are the terms of the restricted stock granted to Joseph Stunja at TCBX?
The 1,318 restricted common shares granted to Joseph Stunja vest on the anniversary of the grant date. Vesting is subject to the terms of the award, meaning the shares become fully owned over time rather than immediately upon grant.
Was the TCBX restricted stock grant to Joseph Stunja an open-market purchase?
No, the transaction was a grant or award, not an open-market purchase. The Form 4 uses transaction code "A" and reports a price of $0.00 per share, indicating compensation-related restricted stock rather than a market transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
