Ameris Bancorp executive receives 18,811-share stock grant
Ameris Bancorp Bank President Bassett Lawton E III reported an equity award and related tax share withholding.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,098 | $83.73 | $92K |
| Grant/Award | Common Stock | 18,811 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
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What insider transactions did Ameris Bancorp (ABCB) report for Bassett Lawton E III?
What is the vesting schedule for the Ameris Bancorp (ABCB) stock grant?
What plan governs the new Ameris Bancorp (ABCB) stock grant to the Bank President?
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