Affinity Bancshares EVP shares withheld for taxes
Affinity Bancshares, Inc. EVP and CCO Nelson Clark reported routine tax withholding on company stock.
Rhea-AI Filing Summary
Affinity Bancshares, Inc. EVP and CCO Nelson Clark reported routine tax withholding on company stock. On July 1, 2026, 440 shares of Affinity Bancshares common stock were disposed of at $22.60 per share to satisfy tax obligations by delivering shares, rather than through an open-market sale.
After this transaction, Clark directly held 12,129 shares of common stock, with additional indirect holdings of 7,373 shares through an ESOP and 1,000 shares in an IRA. He also retained stock options over 10,000, 7,500, 5,000, and 22,671 underlying shares at exercise prices between $7.77 and $14.85, expiring between 2030 and 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 440 shares
Exercise Price or Tax Liability
7 txns
Insider
Nelson Clark
Role
EVP and CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 440 | $22.60 | $10K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,129 shares (Direct);
Stock Options — 45,171 contracts (Direct);
Common Stock — 1,000 shares (Indirect, By IRA);
Common Stock — 7,373 shares (Indirect, By ESOP)
Footnotes (7)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on July 1, 2023.
- F2. Includes shares of restricted stock which vest at a rate of 33% per year commencing on November 16, 2024.
- F3. Reflects transaction not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F4. Stock options are fully vested.
- F5. Stock options vest at a rate of 20% per year commencing on July 1, 2023.
- F6. Stock options vest at a rate of 33% per year commencing on March 21, 2024.
- F7. Stock options vest at a rate of 33% per year commencing on November 16, 2024.
Key Figures
Tax-withheld shares: 440 shares
Tax-withholding price: $22.60 per share
Direct common shares after transaction: 12,129 shares
+5 more
8 metrics
Tax-withheld shares
440 shares
Common Stock disposed to cover tax liability at $22.60 per share
Tax-withholding price
$22.60 per share
Price for 440 common shares delivered for tax obligations
Direct common shares after transaction
12,129 shares
Direct ownership of Affinity Bancshares common stock following Form 4 event
ESOP indirect shares
7,373 shares
Indirect common stock holdings through ESOP
IRA indirect shares
1,000 shares
Indirect common stock holdings through IRA
Options at $7.77
22,671 underlying shares
Stock options exercisable at $7.77, expiring April 30, 2030
Options at $14.40
7,500 underlying shares
Stock options exercisable at $14.40, expiring March 21, 2033
Options at $14.49
10,000 underlying shares
Stock options exercisable at $14.49, expiring November 16, 2033
Key Terms
restricted stock, ESOP, IRA, Stock options, +1 more
5 terms
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 20% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
ESOP financial
"Common Stock, indirect ownership, nature of ownership: By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
IRA financial
"Common Stock, indirect ownership, nature of ownership: By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
Stock options financial
"Stock options vest at a rate of 20% per year commencing on July 1, 2023"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Section 16 regulatory
"Reflects transaction not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did AFBI executive Nelson Clark report in this Form 4 filing?
Nelson Clark reported a tax-related share disposition, where 440 shares of Affinity Bancshares common stock were delivered at $22.60 per share to cover tax obligations. This was a routine tax-withholding event, not an open-market sale of shares.
Are any of Nelson Clark’s AFBI restricted stock or options still vesting?
Footnotes indicate some restricted stock vests 20% annually from July 1, 2023, and 33% annually from November 16, 2024. Certain stock options vest 20% per year from July 1, 2023, and 33% annually from March 21, 2024, and November 16, 2024, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
