Form 4: Third Coast Bancshares Director Reagan Swinbank Reports Acquisition of Restricted Stock

Director Reagan Swinbank of Third Coast Bancshares, Inc. reports acquiring 962 shares of restricted common stock and indirect ownership of 20,833 shares through RTS Family LP.

Summary

• On May 30, 2024, Reagan Swinbank, a director of Third Coast Bancshares, Inc. (TCBX), acquired 962 shares of restricted common stock.
• These shares were acquired at a price of $0.
• Following the transaction, Swinbank directly owns 41,907 shares of common stock.
• Swinbank also indirectly owns 20,833 shares through RTS Family LP.
• The restricted common stock vests on the anniversary of the grant date, subject to the terms of the award.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing indicating insider transactions, which doesn't inherently suggest positive or negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Key Dates