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).