Director Greenleaf Tuxberry receives 1,318 TCBX restricted shares in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Greenleaf Clint Tuxberry reported acquisition or exercise transactions in this Form 4 filing.
Third Coast Bancshares director equity grant: Director Greenleaf Clint Tuxberry received an award of 1,318 shares of restricted common stock on May 21, 2026. The shares were granted at no cash cost to him and are part of his equity compensation.
The restricted stock will vest on the anniversary of the grant date, subject to the award’s terms. Following this grant, he directly holds 21,121 shares of Third Coast Bancshares common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Greenleaf Clint Tuxberry
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,318 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,121 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted shares granted: 1,318 shares
Grant price per share: $0.0000 per share
Shares held after transaction: 21,121 shares
3 metrics
Restricted shares granted
1,318 shares
Grant of restricted common stock on May 21, 2026
Grant price per share
$0.0000 per share
Reported transaction price for restricted stock award
Shares held after transaction
21,121 shares
Director’s direct holdings following the grant
Key Terms
restricted common stock, vest, grant, award, or other acquisition
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.
vest financial
"which vest on the anniversary of the grant date, subject to the terms"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What did TCBX director Greenleaf Clint Tuxberry report on this Form 4?
He reported receiving 1,318 shares of restricted common stock as an equity award. The grant was recorded at a price of $0.0000 per share and increased his direct holdings to 21,121 shares of Third Coast Bancshares common stock.
Was the TCBX Form 4 transaction a market purchase or sale?
It was not a market trade; it was a grant of restricted stock. The Form 4 classifies the transaction with code “A,” meaning a grant, award, or other acquisition, rather than an open-market buy or sell transaction.
Does the director pay cash for the restricted TCBX stock grant?
No cash payment is associated with this restricted stock award. The Form 4 shows a transaction price of $0.0000 per share, indicating it is a compensation-related equity grant rather than a purchase in the open market.