Bourque Jacques L.J. 4
4 · Catalyst Bancorp, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Catalyst Bancorp (CLST) CFO Jacques Bourque Receives Award, Sells 131 Shares
What Happened Jacques L.J. Bourque, Chief Financial Officer of Catalyst Bancorp (CLST), was granted a total of 3,000 shares (two awards: 1,000 shares and a 2,000-share derivative award) and had 131 shares disposed of to satisfy tax withholding on June 10, 2026. The 131 shares were disposed at $15.96 per share for proceeds of about $2,091; the grants are reported at $0 (awards). The disposal was a tax-withholding action (routine), not an open-market sale for investment purposes.
Key Details
- Transaction date: June 10, 2026 (reported on Form 4 filed June 12, 2026) — filing appears timely.
- Disposition: 131 shares at $15.96 each for ~$2,091 (code F — tax withholding to meet tax obligation).
- Acquisitions: 1,000 shares (award, $0) and 2,000 shares reported as a derivative award (grant, $0).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Relevant footnotes:
- F1: Disposition solely to meet tax obligation for a distribution from a stock benefit plan.
- F2–F4: Details on vesting schedules — portions of the grants reflect unvested tranches from prior awards and a new grant that vests 20% per year (vesting commencement dates include 9/1/2023, 6/10/2026 and 6/10/2027).
- Other footnotes note 401(k)/ESOP allocations and standard option vesting schedules referenced elsewhere in the filing.
Context The acquisitions are stock awards (reported as $0) and include unvested portions that vest over multiple years (20% per year schedules noted). The 131-share disposition was a routine tax-withholding event tied to the benefit plan, which is common and does not necessarily indicate a change in the insider’s view of the company. No options were exercised for immediate sale (no cashless exercise reported).
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-06-10$15.96/sh−131$2,091→ 4,466 total - Award
Common Stock
[F4][F2][F3]2026-06-10+1,000→ 4,597 total - Award
Stock Option (Right to Buy)
[F9]2026-06-10+2,000→ 2,000 totalExercise: $15.96From: 2027-06-10Exp: 2036-06-10→ Common Stock (2,000 underlying)
- 826.689(indirect: By 401(k))
Common Stock
[F5] - 2,793.269(indirect: By ESOP)
Common Stock
[F6] - 100(indirect: As Utma Custodian for Quinn Bourque)
Common Stock
- 100(indirect: As Utma Custodian for Levi Bourque)
Common Stock
- 5,000
Stock Option (Right to Buy)
[F7]Exercise: $13.30Exp: 2032-09-01→ Common Stock (5,000 underlying) - 4,000
Stock Option (Right to Buy)
[F8]Exercise: $12.08Exp: 2035-06-10→ Common Stock (4,000 underlying)
Footnotes (9)
- [F1]Disposition solely to meet tax obligation for distribution from stock benefit plan.
- [F2]Includes 1,600 shares granted pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement that reflect the unvested portion of a grant amount originally covering 2,000 shares that commenced vesting 20% per year on June 10, 2026.
- [F3]Includes 800 shares granted pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement that reflect the unvested portion of a grant amount originally covering 2,000 shares that commenced vesting 20% per year on September 1, 2023.
- [F4]Represents the grant of shares pursuant to the Issuer's 2022 Recognition and Retention Plan and Trust Agreement that vest at 20% per year commencing on June 10, 2027.
- [F5]Includes shares acquired in the Catalyst Bank 401(k) Plan since the last filed Form 4, based on a report dated June 4, 2026.
- [F6]Includes shares allocated to the reporting person's account in the ESOP since the last filed Form 4, as of December 31, 2025.
- [F7]These options are vesting at a rate of 20% per year that commenced on September 1, 2023.
- [F8]These options are vesting at a rate of 20% per year that commenced on June 10, 2026.
- [F9]The options vest at a rate of 20% per year commencing on June 10, 2027.