Swinbank Reagan 4

What Happened
Swinbank Reagan, a director of Third Coast Bancshares, Inc. (TCBX), was granted 3,600 shares on 2026-03-16. The Form 4 lists this as an "A" (award/grant or other acquisition) of a derivative security with an acquisition price of $0.00. This is an acquisition-type transaction (an award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely filing).
• Shares granted: 3,600; reported acquisition price: $0.00 (derivative award).
• Shares owned after transaction: not disclosed in the provided Form 4 excerpt.
• Footnotes/conditions: filing classifies the grant as a derivative award; no 10b5-1 plan, tax withholding, or late-filing indication shown in the filing excerpt.
• Accession number: 0001193125-26-110921 (for reference).

Context
Grants reported with a $0 acquisition price are commonly restricted stock or RSU-type awards that may vest over time or be subject to conditions; they are not an immediate cash purchase. Such awards are informative as insider acquisitions but do not by themselves indicate near-term buying or selling activity. Check the company’s proxy statement or subsequent disclosures for vesting schedules and plan terms to assess significance.