BancFirst (NASDAQ: BANF) senior advisor reports ESOP stock adjustment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BancFirst Corp senior advisor Dennis L. Brand reported a routine discretionary transaction in company common stock under Rule 16b-3(f). An employee stock ownership plan entry adjusted his indirect holdings by 62 shares, bringing his ESOP-held position to 6,697 shares and his directly held position to 33,000 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BRAND DENNIS L
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| I | Common Stock | 62 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,697 shares (Indirect, ESOP);
Common Stock — 33,000 shares (Direct)
Footnotes (1)
Key Figures
Discretionary ESOP transaction: 62 shares
Indirect ESOP holdings after transaction: 6,697 shares
Direct holdings after filing: 33,000 shares
3 metrics
Discretionary ESOP transaction
62 shares
Common Stock discretionary transaction under Rule 16b-3(f) on 2026-04-03
Indirect ESOP holdings after transaction
6,697 shares
Common Stock held indirectly through ESOP following 2026-04-03 entry
Direct holdings after filing
33,000 shares
Common Stock held directly following 2026-04-03 reporting
Key Terms
Rule 16b-3(f), ESOP, discretionary transaction
3 terms
Rule 16b-3(f) regulatory
"transaction_code_description: "Discretionary transaction under Rule 16b-3(f)""
ESOP financial
"nature_of_ownership: "ESOP" indicating employee stock ownership plan"
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.
discretionary transaction financial
"transaction_action: "discretionary transaction" for the 62-share entry"
FAQ
What insider activity did BANCFIRST CORP (BANF) report for Dennis L. Brand?
Dennis L. Brand reported a discretionary transaction involving 62 shares of BancFirst common stock through an employee stock ownership plan, recorded under Rule 16b-3(f). Following this entry, he reported 6,697 shares held indirectly and 33,000 shares held directly.
What type of transaction was reported in the BancFirst (BANF) Form 4?
The Form 4 shows a discretionary transaction in common stock coded as a Rule 16b-3(f) event. It involved 62 shares held indirectly through an employee stock ownership plan, rather than an open-market purchase or sale, making it an administrative adjustment in plan-related holdings.
Was the BancFirst (BANF) insider transaction a buy or sell?
The filing characterizes the activity as a discretionary transaction under Rule 16b-3(f), not as an open-market buy or sell. It reflects an adjustment of 62 shares within an employee stock ownership plan, with updated indirect and direct holdings reported afterward.
What does ESOP ownership mean in the BancFirst (BANF) Form 4 filing?
In this Form 4, ESOP indicates Dennis L. Brand’s 6,697 indirect BancFirst shares are held through an employee stock ownership plan. The reported 62-share discretionary transaction updated this ESOP balance, while 33,000 additional shares are listed as directly owned outside the plan.