Form 4: Third Coast Bancshares Executive Acquires and Disposes of Shares
SEC Form 4 Filing
Christopher Seay Peacock, an executive at Third Coast Bancshares, reports acquiring and disposing of common stock, including restricted shares vesting over three years.
Summary
- Christopher Seay Peacock, Executive Vice President and Chief Retail Officer of Third Coast Bancshares, Inc. (TCBX), filed a Form 4.
- The filing reports a transaction on March 15, 2025, where Peacock acquired 771 shares of common stock at $0 and disposed of 1,627 shares.
- Following the transaction, Peacock directly owns 1,350 shares and indirectly owns shares through an ESOP.
- The acquired shares are restricted common stock that vest in three equal annual installments from the grant date.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of stock acquisition and disposal transaction. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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