Ameris Bancorp (ABCB) CEO receives stock grant and has shares withheld for taxes
Rhea-AI Filing Summary
Ameris Bancorp CEO Palmer H. Proctor Jr. reported two equity-related transactions in Ameris Bancorp common stock. On February 20, 2026, he acquired 35,830 shares as a stock grant under the Ameris Bancorp 2021 Omnibus Equity Compensation Plan, scheduled to vest on February 20, 2029.
On February 21, 2026, 6,149 shares were withheld at a price of $83.73 per share to cover tax obligations triggered by prior awards vesting. After these transactions, his directly held stake was about 421,053 shares, with additional indirect holdings reported through a 401(k), children, and spouse accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 29,681 shares
Net Buy
5 txns
Insider
PROCTOR H PALMER JR
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 6,149 | $83.73 | $515K |
| Grant/Award | Common Stock | 35,830 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 421,053.3989 shares (Direct);
Common Stock — 23,259.7538 shares (Indirect, 401(k));
Common Stock — 22,806.9486 shares (Indirect, By Children);
Common Stock — 17,977.9594 shares (Indirect, Spouse)
Footnotes (2)
- F1. Stock grant pursuant to the Ameris Bancorp 2021 Omnibus Equity Compensation Plan, vesting on February 20, 2029.
- F2. This transaction represents the withholding of 6,149 shares of common stock to satisfy the tax withholding obligations incurred by the reporting person upon the vesting of 8,046 and 5,758 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 its CEO?
Ameris Bancorp CEO Palmer H. Proctor Jr. reported a stock grant and a tax-related share withholding. He received 35,830 common shares as an equity award and had 6,149 shares withheld to satisfy tax obligations tied to previously granted restricted stock vesting.
When does the new Ameris Bancorp (ABCB) stock grant to the CEO vest?
The new stock grant to the CEO vests on February 20, 2029. This long-dated vesting schedule under the 2021 Omnibus Equity Compensation Plan is designed to encourage sustained executive focus on Ameris Bancorp’s multi‑year performance and shareholder value creation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
