Form 4: Catalyst Bancorp Executive Reports Stock Transactions
SEC Filing Form 4
Amanda B. Quebedeaux, Chief Operations Officer of Catalyst Bancorp, reports disposition of shares to cover tax obligations and holdings in the Employee Stock Ownership Plan (ESOP).
Summary
- On September 1, 2024, Amanda B. Quebedeaux, Chief Operations Officer of Catalyst Bancorp, reported a transaction involving the disposition of 574 shares of common stock at a price of $11.67.
- This disposition was solely to meet tax obligations related to a distribution from a stock benefit plan.
- Following the transaction, Quebedeaux directly owns 7,816 shares of Catalyst Bancorp common stock.
- Additionally, Quebedeaux indirectly owns 2,076.0163 shares through the company's ESOP as of December 31, 2023.
- Quebedeaux also holds options to purchase 21,160 shares of common stock at an exercise price of $13.3, which are vesting at a rate of 20% per year starting September 1, 2023.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transactions reported do not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/01/2023 | Commencement of vesting for 20% per year of 8,464 shares granted pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement. |
| 12/31/2023 | Date as of which ESOP shares allocated to the reporting person's account are included. |
| 09/01/2024 | Date of stock disposition to meet tax obligations and vesting commencement date for stock options. |
| 09/05/2024 | Date of Form 4 filing. |
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