BancFirst (BANF) EVP updates ESOP stake and holds 65K stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BancFirst Corp Executive Vice President Darryl Schmidt reported a discretionary transaction under Rule 16b-3(f) involving 76 shares of Common Stock in an ESOP account, with no stated price. Following this, the ESOP holding stands at 8,221 shares held indirectly.
Schmidt also reports 42,964.08 shares of Common Stock held directly, 5,143 shares held indirectly through an IRA, and 487 shares held indirectly by his daughter. In addition, he holds an option to buy 65,000 shares of Common Stock at $51.30 per share, expiring on February 28, 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
SCHMIDT DARRYL
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| I | Common Stock | 76 | $0.00 | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,221 shares (Indirect, ESOP);
Option (right to buy) — 65,000 shares (Direct);
Common Stock — 42,964.08 shares (Direct)
Footnotes (1)
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Key Figures
ESOP discretionary transaction: 76 shares
ESOP holdings after transaction: 8,221 shares
Direct common stock holdings: 42,964.08 shares
+4 more
7 metrics
ESOP discretionary transaction
76 shares
Common Stock in ESOP under Rule 16b-3(f)
ESOP holdings after transaction
8,221 shares
Indirect Common Stock ownership via ESOP
Direct common stock holdings
42,964.08 shares
Common Stock held directly by Schmidt
IRA indirect holdings
5,143 shares
Common Stock held indirectly via IRA
Daughter’s indirect holdings
487 shares
Common Stock held indirectly by daughter
Option underlying shares
65,000 shares
Common Stock underlying option (right to buy)
Option exercise price
$51.30 per share
Exercise price for option expiring February 28, 2035
Key Terms
Rule 16b-3(f), ESOP, IRA, Option (right to buy)
4 terms
Rule 16b-3(f) regulatory
"transaction described as a discretionary transaction under Rule 16b-3(f)"
ESOP financial
"Common Stock held indirectly with nature of ownership listed as 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 held indirectly with nature of ownership listed as 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.
Option (right to buy) financial
"security title shown as Option (right to buy) with underlying Common Stock"
FAQ
What did BancFirst (BANF) executive Darryl Schmidt report in this Form 4?
Darryl Schmidt reported a discretionary transaction under Rule 16b-3(f) involving 76 BancFirst common shares in an ESOP account. The filing also updates his direct, IRA, family and option holdings, showing his overall exposure to BancFirst stock.
Does the BancFirst (BANF) Form 4 show an open-market buy or sell by Darryl Schmidt?
The Form 4 shows a discretionary ESOP transaction in 76 shares with no price, not an open-market purchase or sale. Other entries update existing holdings and option positions without indicating new open-market trading activity.
What stock options for BancFirst (BANF) does Darryl Schmidt report holding?
Schmidt reports an option to buy 65,000 BancFirst common shares at an exercise price of $51.30 per share. This option expires on February 28, 2035 and represents a significant additional potential equity position beyond his current share holdings.
What is the significance of Rule 16b-3(f) in the BancFirst (BANF) Form 4?
Rule 16b-3(f) covers certain discretionary transactions by insiders that are exempt from short-swing profit rules. Here, it classifies Schmidt’s 76-share ESOP transaction as a discretionary, non-open-market movement rather than a standard purchase or sale of BancFirst stock.