Third Coast Bancshares (TCBX) director granted 3,600 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Third Coast Bancshares, Inc. director Shelton McDonald received a grant of stock options covering 3,600 shares of common stock. The options have an exercise price of $37.91 per share, become exercisable on March 16, 2027, and expire on March 16, 2036. This is a compensation-related award reported as a derivative security, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDonald Shelton
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 3,600 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 3,600 shares (Direct)
Footnotes (1)
FAQ
How many stock options did Shelton McDonald receive in the latest TCBX Form 4?
Shelton McDonald received stock options covering 3,600 shares of Third Coast Bancshares common stock. The options are reported as a derivative security and represent a single grant rather than multiple transactions in the company’s shares.
Does the Shelton McDonald Form 4 for TCBX show a stock purchase or sale?
The filing does not show an open-market stock purchase or sale. It reports a compensation-related grant of stock options coded as a grant or award, which increases his derivative holdings without immediate cash paid or shares sold in the market.
How many derivative securities does Shelton McDonald hold in TCBX after this option grant?
After the reported transaction, Shelton McDonald holds 3,600 stock options as a derivative position. These options each relate to one share of Third Coast Bancshares common stock, reflecting the entire amount acquired in this single grant.