Form 4: TCBX Officer Sells Shares for Tax Withholding
Insider Transaction Report
Third Coast Bancshares Executive Vice President Christopher Seay Peacock disposed of 63 shares of common stock for tax withholding purposes.
Summary
- Christopher Seay Peacock, Executive Vice President and Chief Retail Officer of Third Coast Bancshares, Inc. (TCBX), reported a transaction.
- On March 15, 2026, Peacock disposed of 63 shares of TCBX Common Stock.
- The disposition was made at a price of $37.34 per share.
- This transaction was coded as 'F', indicating a disposition to the issuer in payment of tax liability incident to the vesting of a security.
- Following this transaction, Peacock directly beneficially owns 1,489 shares of Common Stock.
- Additionally, Peacock indirectly beneficially owns 1,622 shares of Common Stock through an ESOP.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares is a routine transaction for tax withholding purposes and does not indicate a change in the insider's investment sentiment or company fundamentals.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that routine insider transactions, particularly those related to tax withholding upon vesting of equity awards, are common across all industries and typically do not reflect a change in management's outlook on the company's performance.
Stakeholder Impact
- Shareholders: Minimal impact as this is a small, routine transaction for tax purposes by an officer.
Key Dates
| Date | Description |
|---|---|
| 03/15/2026 | Date of transaction where 63 shares of Common Stock were disposed of. |
| 03/16/2026 | Date the Form 4 was signed and filed. |
Keywords
Third Coast Bancshares, TCBX, Christopher Seay Peacock, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Officer Transaction
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