Third Coast Bancshares (NASDAQ: TCBX) director awarded 1,318 restricted shares
Rhea-AI Filing Summary
Swinbank Reagan reported acquisition or exercise transactions in this Form 4 filing.
Third Coast Bancshares, Inc. director Reagan Swinbank reported a compensation-related equity award. Swinbank received a grant of 1,318 shares of restricted common stock at no purchase price, which vest on the anniversary of the grant date, subject to the award’s terms. Following this grant, Swinbank directly holds 43,875 shares of common stock and indirectly holds 20,833 shares through RTS Family LP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,318 shares
Net Buy
2 txns
Insider
Swinbank Reagan
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 — 43,875 shares (Direct);
Common Stock — 20,833 shares (Indirect, By RTS Family LP)
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 grant: 1,318 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 43,875 shares
+1 more
4 metrics
Restricted stock grant
1,318 shares
Common Stock award to director Reagan Swinbank
Grant price per share
$0.0000 per share
Price for restricted common stock award
Direct holdings after grant
43,875 shares
Common Stock directly held by Reagan Swinbank
Indirect holdings after grant
20,833 shares
Common Stock held indirectly via RTS Family LP
Key Terms
restricted common stock, grant, award, or other acquisition, indirect ownership
3 terms
restricted common stock financial
"Represents shares of restricted common stock, which vest on the anniversary"
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 ownership financial
"direct_or_indirect":"I","nature_of_ownership":"By RTS Family LP"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock grant did TCBX director Reagan Swinbank report?
Reagan Swinbank reported a grant of 1,318 shares of restricted common stock in Third Coast Bancshares. The shares were awarded at no purchase price and are part of compensation, rather than an open-market purchase or sale of TCBX stock.