Bailey Carolyn 4

What Happened
Carolyn Bailey, a director of Third Coast Bancshares, received a grant of 1,318 restricted common shares on 2026-05-21. The shares were awarded at $0.00 per share (total reported value $0), representing an equity award rather than an open‑market purchase or sale.

Key Details

• Transaction date and type: 2026-05-21 — Award/Grant (code A).
• Price: 1,318 shares @ $0.00; total reported consideration = $0.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: These are restricted common stock that vest on the anniversary of the grant date, subject to the award terms (Footnote F1).
• Filing timeliness: Report filed 2026-05-26. Form 4s are generally due within two business days of the transaction, so this filing appears to have been submitted after that window.

Context
Restricted stock awards are compensation that typically vests over time and do not involve an immediate cash purchase or sale; they reflect company compensation practices rather than an immediate trading view. Because vesting and other terms can vary, shareholders should consult the full filing or company disclosures for vesting schedule and any performance conditions.