Ameris Bancorp (ABCB) Bank President granted 18,811 shares, 1,098 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ameris Bancorp Bank President Bassett Lawton E III reported an equity award and related tax share withholding. He received a grant of 18,811 shares of Ameris Bancorp common stock at no cost under the 2021 Omnibus Equity Compensation Plan, bringing his holdings to 115,744 shares.
The grant vests in three equal annual installments: 6,271 shares on February 20, 2027, 6,270 shares on February 20, 2028, and 6,270 shares on February 20, 2029. A separate transaction withheld 1,098 shares at $83.73 per share to cover tax obligations from previously granted awards, reducing his directly owned shares to 114,646.
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 | 1,098 | $83.73 | $92K |
| Grant/Award | Common Stock | 18,811 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 114,646 shares (Direct)
Footnotes (1)
- Stock grant pursuant to the Ameris Bancorp 2021 Omnibus Equity Compensation Plan, vesting: (i) 6,271 shares on February 20, 2027; (ii) 6,270 shares on February 20, 2028; and (iii) 6,270 shares on February 20, 2029. This transaction represents the withholding of 1,098 shares of common stock to satisfy the tax withholding obligations incurred by the reporting person upon the vesting of 1,437 and 1,028 shares of common stock originally awarded on February 21, 2024 and February 20, 2025, respectively.
FAQ
What insider transactions did Ameris Bancorp (ABCB) report for Bassett Lawton E III?
Ameris Bancorp reported an 18,811-share stock grant to Bank President Bassett Lawton E III and a separate withholding of 1,098 shares to cover tax obligations from earlier awards, both involving Ameris Bancorp common stock.
What is the vesting schedule for the Ameris Bancorp (ABCB) stock grant?
The 18,811-share grant vests in three tranches: 6,271 shares on February 20, 2027, 6,270 shares on February 20, 2028, and 6,270 shares on February 20, 2029, aligning equity compensation with multi-year service and performance horizons.
What plan governs the new Ameris Bancorp (ABCB) stock grant to the Bank President?
The stock grant was issued under the Ameris Bancorp 2021 Omnibus Equity Compensation Plan, which provides for equity-based awards designed to align executives’ interests with shareholders across multi-year vesting periods.