Ameris Bancorp (ABCB) CEO awarded shares, uses stock to cover tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ameris Bancorp CEO H. Palmer Proctor Jr. reported equity compensation and related tax withholding in common stock. He received a stock grant of 64,610 shares from a performance stock unit award and an additional 13,988-share grant under the 2021 Omnibus Equity Compensation Plan, both at no cost.
To cover tax obligations from the 64,610-share grant, 28,778 shares were withheld at $82.93 per share as a tax-withholding disposition, rather than an open-market sale. Following these awards and withholding, his directly held common stock position is 391,372.3989 shares, and he also reports indirect holdings through a 401(k), children, and spouse accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
PROCTOR H PALMER JR
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 64,610 | $0.00 | -- |
| Tax Withholding | Common Stock | 28,778 | $82.93 | $2.39M |
| Grant/Award | Common Stock | 13,988 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 406,162.399 shares (Direct);
Common Stock — 23,259.754 shares (Indirect, 401(k))
Footnotes (1)
- Stock grant pursuant to performance stock unit award originally granted February 23, 2023 pursuant to the Ameris Bancorp 2021 Omnibus Equity Compensation Plan. This transaction represents the withholding of 28,778 shares of common stock to satisfy the tax withholding obligations incurred by the reporting person upon the stock grant of 64,610 shares on February 19, 2026. Stock grant pursuant to the Ameris Bancorp 2021 Omnibus Equity Compensation Plan, vesting: (i) 4,663 shares on February 19, 2027; (ii) 4,663 shares on February 19, 2028; and (iii) 4,662 shares on February 19, 2029. This total includes an additional 40.076399 ESPP shares acquired by the reporting person as a participant in the Employee Stock Purchase Plan. This total includes an additional 263.871321 shares acquired through a dividend reinvestment plan.
FAQ
What did Ameris Bancorp (ABCB) disclose about CEO H. Palmer Proctor Jr.'s new stock awards?
Ameris Bancorp granted CEO H. Palmer Proctor Jr. 64,610 shares from a performance stock unit award and another 13,988 shares under its 2021 Omnibus Equity Compensation Plan. Both awards were issued at no cost as part of his equity compensation.
How were taxes handled on Ameris Bancorp (ABCB) CEO’s recent stock grant?
To satisfy tax withholding on the 64,610-share grant, 28,778 shares of Ameris Bancorp common stock were withheld at $82.93 per share. This is recorded as a tax-withholding disposition, not an open-market sale, and covers the CEO’s tax liability on the award.
Were any of Ameris Bancorp (ABCB) CEO’s transactions open-market buys or sells?
No open-market buys or sells were reported. The filing shows stock grants at no cost and a tax-withholding disposition of 28,778 shares, where shares were withheld to pay tax obligations arising from the 64,610-share equity award.