Third Coast Bancshares (TCBX) Director Dennis Bonnen Receives 3,600-Share Award

What Happened Dennis Bonnen, a director of Third Coast Bancshares, was granted/received 3,600 shares on 2026-03-16. The Form 4 records this as an "A" (award/grant) derivative acquisition at $0.00 per share (total cash paid $0). This was an equity award/settlement rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-17 (filed within standard Form 4 timing).
• Transaction type/code: A = Award/Grant; recorded as a derivative acquisition (underlying shares issued/settled).
• Price: $0.00 per share; cash paid: $0.
• Shares involved: 3,600 shares.
• Shares owned after transaction: Not specified in the provided excerpt.
• Notes: No 10b5-1, tax-withholding, or late-filing flags shown in the provided details.

Context Awards recorded at $0 typically reflect compensation (e.g., restricted stock units or other equity awards converting to shares) and are not the same signal as an insider buying stock on the open market. For fuller context on vesting terms or fair value, check the company’s proxy, Form 8-K, or subsequent filings that disclose executive compensation details.