Ameris Bancorp (ABCB) president withholds 615 shares in tax-related Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ameris Bancorp Bank President Bassett Lawton E III reported a tax-related share disposition. On the vesting of 1,380 restricted common shares on February 24, 2026, 615 shares were withheld at $79.35 per share to cover tax withholding obligations.
After this non-market tax-withholding disposition, he directly owned 114,031 Ameris Bancorp common shares. The filing also shows indirect ownership of 168 common shares held through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bassett Lawton E III
Role
Bank President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 615 | $79.35 | $49K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 114,031 shares (Direct);
Common Stock — 168 shares (Indirect, spouse)
Footnotes (1)
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FAQ
What insider transaction did Ameris Bancorp (ABCB) report for Bassett Lawton E III?
Ameris Bancorp’s Bank President Bassett Lawton E III reported a tax-withholding disposition of 615 common shares. The shares were withheld when 1,380 restricted shares vested on February 24, 2026, to satisfy his tax obligations on that vesting event.
Does the Ameris Bancorp (ABCB) Form 4 include indirect ownership for Bassett Lawton E III?
Yes. The Form 4 reports 168 Ameris Bancorp common shares held indirectly through his spouse. This indirect holding is classified as indirect ownership with the nature of ownership identified as “spouse” in the filing data.
Was the Ameris Bancorp (ABCB) insider transaction an open-market sale or tax withholding?
The transaction was tax withholding, not an open-market sale. The filing explains that 615 shares were withheld to satisfy tax obligations triggered by the vesting of 1,380 restricted shares on February 24, 2026, under transaction code F.
What award vesting triggered the tax-withholding transaction for Ameris Bancorp (ABCB)?
The tax-withholding transaction was triggered by the vesting of 1,380 Ameris Bancorp common shares. These shares were originally awarded on February 23, 2023, and vested on February 24, 2026, causing the related tax liability.