BancFirst (NASDAQ: BANF) EVP updates ESOP and direct share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Executive Vice President Hannah Dennis Jay reported an internal plan transaction involving 58 shares of Banclirst Corp common stock through an ESOP, classified as a discretionary transaction under Rule 16b-3(f). After this, she indirectly holds 194 shares via the ESOP and directly holds 1,564 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hannah Dennis Jay
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| I | Common Stock | 58 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 194 shares (Indirect, ESOP);
Common Stock — 1,564 shares (Direct)
Footnotes (1)
Key Figures
Discretionary ESOP transaction: 58 shares
Indirect holdings after transaction: 194 shares
Direct holdings after update: 1,564 shares
+1 more
4 metrics
Discretionary ESOP transaction
58 shares
Common stock under Rule 16b-3(f)
Indirect holdings after transaction
194 shares
Common stock via ESOP
Direct holdings after update
1,564 shares
Common stock held directly
Reported transaction price
$0.0000 per share
Discretionary ESOP transaction
Key Terms
Discretionary transaction, Rule 16b-3(f), ESOP, indirect ownership
4 terms
Discretionary transaction financial
"classified as a discretionary transaction under Rule 16b-3(f)"
Rule 16b-3(f) regulatory
"transaction under Rule 16b-3(f)"
ESOP financial
"through an ESOP, classified as a discretionary transaction"
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.
indirect ownership financial
"she indirectly holds 194 shares via the ESOP"
FAQ
What did BANF Executive Vice President Hannah Dennis Jay report on this Form 4?
She reported a discretionary transaction involving 58 shares of BancFirst common stock through an ESOP. The event is categorized under Rule 16b-3(f), indicating an internal plan-related transaction rather than an open-market buy or sell.
Was the BANF Form 4 transaction an open-market buy or sell?
No, the Form 4 classifies the 58-share event as a discretionary transaction under Rule 16b-3(f), not as an open-market purchase or sale. It relates to plan administration, with zero transaction price reported per share in the filing data.
What does ESOP mean in the context of BANF’s Form 4 filing?
In this filing, ESOP refers to an Employee Stock Ownership Plan holding BancFirst shares for the executive. The 58-share discretionary transaction and the resulting 194-share balance are reported as indirect ownership through this plan structure.