Phelps David R 4

What Happened

• David R. Phelps, a director of Third Coast Bancshares, Inc. (TCBX), was granted/acquired 3,600 shares as an award (transaction code A) on 2026-03-16. The Form 4 reports the acquisition price as $0.00, indicating a grant/award of derivative securities rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely).
• Reported price: $0.00 (award/derivative).
• Shares acquired: 3,600 derivative shares.
• Shares owned after transaction: not specified in the provided filing excerpt — see the full Form 4 for total beneficial ownership.
• Notes: Transaction reported as an award/derivative (A). No footnotes or 10b5-1/tax-withholding details provided in the summary data.

Context

• This appears to be a compensation or board-related equity grant (e.g., restricted shares or RSUs) rather than a market purchase or sale. Such awards are common for directors and reflect compensation, not necessarily an independent bullish signal. Check the full SEC filing for vesting terms or restrictions that affect when the shares become freely tradable.