Lafleur Frederick R. 4

What Happened

• Frederick R. Lafleur, a director of Catalyst Bancorp (CLST), received awards totaling 3,703 shares on 2026-06-10. The filing shows 1,058 shares acquired at $0.00 and 2,645 derivative shares acquired at $0.00 (total implied grant value at issuance: $0).
• These are grant/award transactions (code A) under the Issuer’s 2022 Recognition and Retention Plan and Trust Agreement; they are acquisitions (not sales).

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (timely).
• Price: $0.00 per share; reported aggregate purchase value at grant: $0.
• Shares granted: 1,058 (direct) + 2,645 (derivative) = 3,703 total.
• Shares owned after transaction: not specified in the filing summary provided.
• Footnotes indicate these awards are subject to the 2022 Recognition and Retention Plan and vest at 20% per year, with different commencement dates noted (including June 10, 2026; June 10, 2027; and September 1, 2023) and that portions reported are the unvested portions of earlier grants (see footnotes F1–F3). No 10b5-1 plan or tax-withholding sale was disclosed in this filing.

Context

• The “derivative” award reflects unvested restricted shares/awards rather than an immediate cash or stock sale; such awards typically vest over time (here, 20% per year = roughly five-year vesting schedules depending on start date).
• This filing documents an award/grant to an insider; it is an acquisition of equity subject to vesting rather than an open-market purchase indicating immediate voting or sale activity.