Ameris Bancorp (ABCB) officer logs 615-share tax withholding event
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ameris Bancorp Chief Governance Officer Michael T. Pierson reported a tax-withholding disposition of 615 shares of common stock on February 24, 2026, at $79.35 per share. These shares were withheld to cover taxes on the vesting of 1,380 shares from a 2023 stock award.
After this transaction, Pierson directly holds 83,329.576 shares of Ameris Bancorp common stock, including 422.733642 shares acquired through an employee stock purchase plan and a dividend reinvestment plan. He also indirectly holds 5,225.3403 shares through a 401(k) account, including 13.9078 shares recently acquired there.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pierson Michael T
Role
Chief Governance Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 615 | $79.35 | $49K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 83,329.576 shares (Direct);
Common Stock — 5,225.34 shares (Indirect, 401(k))
Footnotes (1)
- This transaction represents the withholding of 615 shares of common stock to satisfy the tax withholding obligations incurred by the reporting person upon the vesting on February 24, 2026 of 1,380 shares of common stock originally awarded on February 23, 2023. This total includes an additional 422.733642 shares acquired by the reporting person as a participant in an Employee Stock Purchase plan and a dividend reinvestment plan. This total includes an additional 13.9078 shares acquired in the reporting person's 401(k) account
FAQ
What insider transaction did Ameris Bancorp (ABCB) report for Michael T. Pierson?
Ameris Bancorp reported that Chief Governance Officer Michael T. Pierson had 615 common shares withheld at $79.35 per share to cover taxes on the vesting of 1,380 previously awarded shares, classified as a tax-withholding disposition rather than an open-market trade.
Was the Ameris Bancorp (ABCB) Form 4 transaction a sale by Michael T. Pierson?
The Form 4 shows a tax-withholding disposition, not an open-market sale. Ameris Bancorp withheld 615 shares from Michael T. Pierson at $79.35 per share to satisfy tax obligations tied to the vesting of 1,380 restricted stock shares granted in February 2023.
What equity award vesting triggered the tax withholding for Ameris Bancorp (ABCB) officer Pierson?
The tax withholding was triggered by the vesting on February 24, 2026 of 1,380 Ameris Bancorp common shares originally awarded to Michael T. Pierson on February 23, 2023, demonstrating the scheduled conversion of a prior equity grant into vested stock.
What indirect Ameris Bancorp (ABCB) holdings does Michael T. Pierson report?
Michael T. Pierson reports indirect ownership of 5,225.3403 Ameris Bancorp common shares through his 401(k) account. This amount includes 13.9078 shares newly acquired in that account, indicating retirement-plan-based exposure in addition to his direct share ownership.