Form 4: Third Coast Bancshares Executive Audrey Duncan Reports Stock Option Exercise and Share Disposal

Audrey Duncan, a Senior Executive Vice President and Chief Credit Officer at Third Coast Bancshares, exercised stock options and disposed of shares to cover the exercise price.

Summary

• On May 14, 2025, Audrey Duncan, a Senior Executive Vice President and Chief Credit Officer at Third Coast Bancshares, exercised employee stock options to acquire 5,000 shares of common stock at a price of $11 per share.
• Simultaneously, Duncan disposed of 1,730 shares at $31.8 to cover the exercise price of the options.
• Following these transactions, Duncan directly owns 14,941 shares of common stock.
• Duncan also indirectly owns 2,152 shares through an ESOP and 1,500 shares through an IRA.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is common for executives to exercise stock options and sell a portion of the acquired shares to cover the associated costs.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a relatively small number of shares.
• The exercise of stock options is part of the executive's compensation package.

Key Dates

Keywords

Third Coast Bancshares, Audrey Duncan, stock options, Form 4, TCBX, executive compensation, share disposal, insider trading