Form 4: Third Coast Bancshares EVP Sells Shares for Tax Obligation

Christopher Seay Peacock, Executive Vice President and Chief Retail Officer of Third Coast Bancshares, Inc., reported the disposition of 75 shares of common stock to cover tax liabilities at a price of $40.59 per share.

Summary

• Christopher Seay Peacock, Executive Vice President and Chief Retail Officer of Third Coast Bancshares, Inc. (TCBX), reported a transaction involving the company's common stock.
• On February 2, 2026, Peacock disposed of 75 shares of common stock.
• The transaction was coded 'F', indicating the payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security.
• The shares were disposed of at a price of $40.59 per share.
• Following this transaction, Peacock beneficially owns 1,552 shares directly and 1,590 shares indirectly through an ESOP.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is a routine tax-related transaction by an executive and does not reflect a change in company performance or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax obligations or pre-planned trading programs (Rule 10b5-1), are common occurrences in the financial industry. This specific transaction by an executive at Third Coast Bancshares, Inc. is a routine disclosure and does not inherently signal a change in company fundamentals or strategic direction.

Comparison to Industry Standards

• This transaction is a routine insider filing, common across publicly traded companies when executives receive equity compensation and must cover tax liabilities. For example, similar tax-related dispositions are frequently observed at regional banks like Cadence Bank (CADE) or Independent Bank Group (IBTX) when their executives' restricted stock units vest.

Related Party Transactions

• Christopher Seay Peacock, an Executive Vice President and Chief Retail Officer of Third Coast Bancshares, Inc., disposed of company common stock, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Minimal impact due to the small number of shares involved and the routine nature of the transaction (tax withholding).
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Third Coast Bancshares, TCBX, Insider Trading, Form 4, Stock Sale, Executive Compensation, Tax Withholding, Christopher Seay Peacock