Ledet Don P 4
4 · Catalyst Bancorp, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Catalyst Bancorp CRO Don Ledet Receives 3,000-Share Award
What Happened
Don P. Ledet, Chief Risk Officer of Catalyst Bancorp (CLST), was granted a total of 3,000 shares (1,000 shares and a 2,000-share derivative award) on June 10, 2026. On the same date he had 131 shares disposed (sold/withheld) at $15.96 per share to satisfy tax withholding obligations, generating proceeds of approximately $2,091. The 3,000-share awards were granted at $0 (award/vesting), not a market purchase.
Key Details
- Transaction date: June 10, 2026; filing date: June 12, 2026 (filed two days after the transaction).
- Disposition: 131 shares at $15.96 per share — total ≈ $2,091; footnote F1: disposition solely to meet tax obligations from a stock benefit plan.
- Acquisitions: 1,000 shares (grant, $0) and 2,000 shares (grant/derivative, $0).
- Vesting/plan notes: grants are under the Issuer’s 2022 Recognition and Retention Plan. Footnotes indicate portions are unvested and generally vest at 20% per year with varying commencement dates (see F2–F4).
- Shares owned after transaction: not specified in the materials provided.
- Filing timeliness: filed June 12, 2026 for a June 10, 2026 transaction — appears timely (Form 4 is generally due within two business days).
Context
The 3,000-share entries are awards/derivative grants (not open-market purchases) and are subject to vesting schedules — these are long-term compensation rather than an immediate buy signal. The 131-share transfer was a routine tax-withholding disposition and should be viewed as settlement of tax obligations, not a market-driven sale.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-06-10$15.96/sh−131$2,091→ 12,706 total - Award
Common Stock
[F4][F2][F3]2026-06-10+1,000→ 12,837 total - Award
Stock Option (Right to Buy)
[F8]2026-06-10+2,000→ 2,000 totalExercise: $15.96From: 2027-06-10Exp: 2036-06-10→ Common Stock (2,000 underlying)
- 2,020.067(indirect: By ESOP)
Common Stock
[F5] - 21,160
Stock Option (Right to Buy)
[F6]Exercise: $11.30Exp: 2033-12-01→ Common Stock (21,160 underlying) - 4,000
Stock Option (Right to Buy)
[F7]Exercise: $12.08Exp: 2035-06-10→ Common Stock (4,000 underlying)
Footnotes (8)
- [F1]Disposition solely to meet tax obligation for distribution from stock benefit plan.
- [F2]Includes 5,080 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 8,464 shares that commenced vesting 20% per year on December 1, 2024.
- [F3]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.
- [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 allocated to the reporting person's account in the ESOP since the last filed Form 4, as of December 31, 2025.
- [F6]These options are vesting at a rate of 20% per year that commenced on December 1, 2024.
- [F7]These options are vesting at a rate of 20% per year that commenced on June 10, 2026.
- [F8]The options vest at a rate of 20% per year commencing on June 10, 2027.