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Third Coast Bancshares, Inc.·4

Mar 17, 5:00 PM ET

MCWHORTER RICHARD J 4

Research Summary

AI-generated summary

Updated

Third Coast Bancshares (TCBX) CFO Richard McWhorter Receives Award

What Happened

  • Richard J. McWhorter, Chief Financial Officer of Third Coast Bancshares (TCBX), received a grant of 3,180 restricted common shares on 2026-03-15. The Form 4 reports an acquisition price of $0.00 for the award (transaction code A), indicating this was a compensation grant rather than a market purchase.

Key Details

  • Transaction date: 2026-03-15; Form 4 filed: 2026-03-17.
  • Shares granted/acquired: 3,180 restricted common shares; reported acquisition price: $0.00.
  • Shares owned after transaction: not specified in the provided filing details.
  • Footnote: F1 — these are restricted common shares that vest in three equal annual installments beginning on the anniversary of the grant date, subject to the award terms.
  • Timeliness: Filed two days after the transaction date (within the usual two-business-day Form 4 window).

Context

  • This was an equity award (compensation) rather than a purchase or sale. Restricted shares typically vest over time and are intended as long-term compensation; they do not necessarily signal immediate buying or selling intent by the insider.