Ameris Bancorp (ABCB) CCO withholds shares to cover tax obligations
Rhea-AI Filing Summary
Ameris Bancorp Chief Credit Officer Douglas D. Strange reported a tax-withholding share disposition tied to restricted stock vesting. On the vesting of 1,750 common shares awarded in February 2023, 780 shares were withheld at $79.35 per share to cover tax obligations, leaving him with 30,350 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 780 shares
Net Sell
1 txn
Insider
Strange Douglas D
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 780 | $79.35 | $62K |
Holdings After Transaction:
Common Stock — 30,350 shares (Direct)
Footnotes (1)
- F1. This transaction represents the withholding of 780 shares of common stock to satisfy the tax withholding obligations incurred by the reporting person upon the vesting on February 24, 2026 of 1,750 shares of common stock originally awarded on February 23, 2023.
FAQ
What did Ameris Bancorp (ABCB) executive Douglas Strange report on this Form 4?
Ameris Bancorp Chief Credit Officer Douglas D. Strange reported a tax-withholding disposition of 780 common shares at $79.35 per share. The shares were withheld to satisfy taxes triggered when 1,750 previously granted restricted shares vested on February 24, 2026, under a 2023 stock award.
Was the Ameris Bancorp (ABCB) Form 4 transaction an open-market sale?
No, the Form 4 transaction was a tax-withholding disposition, not an open-market sale. The 780 Ameris Bancorp common shares were withheld to cover income tax obligations when 1,750 restricted stock shares, originally awarded February 23, 2023, vested on February 24, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.