McDonald Shelton 4

What Happened McDonald Shelton, a director of Third Coast Bancshares, Inc. (TCBX), was reported to have received a grant/award of 3,600 shares on 2026-03-16. The Form 4 lists this as a derivative acquisition (transaction code A) with an acquisition price of $0, indicating a compensation-related award rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely filing).
• Shares acquired: 3,600; reported price per share: $0.00 (derivative award/grant).
• Shares owned after transaction: not specified in the provided filing.
• No footnotes, 10b5-1 plan, tax-withholding sale, or late-filing flags indicated on the form provided.

Context A transaction coded as an award/grant (A) typically reflects compensation (e.g., restricted stock, RSUs, or performance shares) issued under the company’s equity plan; such awards may vest over time and are different from an open-market purchase or sale. Because this was a grant at $0, it does not reflect a cash investment by the insider and should be interpreted as compensation disclosure rather than a direct bullish purchase.