Director at Third Coast (TCBX) granted 1,318 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Glander Troy Andrew reported acquisition or exercise transactions in this Form 4 filing.
Third Coast Bancshares director Troy Andrew Glander received a grant of 1,318 shares of restricted common stock on May 21, 2026. The award was made at no cash cost per share and is compensation-related, not an open-market purchase. These restricted shares vest on the anniversary of the grant date, subject to the terms of the award, and bring his directly held common stock position to 30,151 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Glander Troy Andrew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,318 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,151 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted shares granted: 1,318 shares
Grant price per share: $0.00 per share
Shares held after grant: 30,151 shares
+2 more
5 metrics
Restricted shares granted
1,318 shares
Common Stock grant on May 21, 2026
Grant price per share
$0.00 per share
Compensation-related stock award
Shares held after grant
30,151 shares
Director’s direct common stock holdings post-transaction
Transaction code
A
Grant, award, or other acquisition of common stock
Transaction direction
acquire
Non-derivative acquisition of common stock
Key Terms
restricted common stock, vest, grant, award, or other acquisition, Form 4
4 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
"shares of restricted common stock, which vest on the anniversary of the grant date"
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 regulatory
"transaction_code_description": "Grant, award, or other acquisition""
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.