Stunja Joseph 4

What Happened

• Stunja Joseph, a director of Third Coast Bancshares, Inc. (TCBX), was granted 3,600 shares on 2026-03-16. The Form 4 reports the acquisition as an award/grant (transaction code A) at an acquisition price of $0.00, indicating no cash was paid for the shares in this transaction.
• This filing classifies the transaction as a derivative award (grant/award), which typically reflects compensation or a board grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely filing).
• Transaction type/code: A = Award/Grant (derivative acquisition).
• Shares acquired: 3,600; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the information provided.
• Footnotes/plan details: None provided in the summary; vesting or restrictions (if any) are not disclosed on the Form 4 excerpt supplied.

Context

• Awards to directors are commonly part of compensation packages; a grant reported at $0.00 typically means the shares were issued as compensation rather than bought with cash. The Form 4 does not by itself indicate whether shares are immediately tradable or subject to vesting/restrictions.
• This is an acquisition (award) rather than a sale, which some investors view as a modest positive signal, but the filing alone does not reveal the grant’s terms or the insider’s intent.