BBT Form 144: Proposed sale of common shares
BBT reported a Form 144 showing a proposed sale of Common shares by Morgan Stanley Smith Barney LLC Executive Financial Services.
Rhea-AI Filing Summary
BBT reported a Form 144 showing a proposed sale of Common shares by Morgan Stanley Smith Barney LLC Executive Financial Services. The filing lists multiple restricted stock vesting lots under a registered plan, including 08/02/2024 for 5,773 shares and 08/03/2023 for 2,866 shares. The entries are described as issuer compensation-related restricted stock vesting entries with specific vesting dates and share counts.
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Insights
Form 144 records proposed dispositions of vested restricted shares by an affiliate broker-dealer.
The filing lists multiple restricted-stock vesting events under a registered plan that are being offered for sale through a broker-dealer identified as Morgan Stanley Smith Barney LLC Executive Financial Services. The entries tie specific share counts to vesting dates, which is standard in reporting proposed affiliate sales.
Regulatoryly, the listing of vesting lots and dates is procedural; any actual sale will be subject to the conditions and timing required by the securities rules and the broker-dealer's handling. Subsequent trade reports or an amended Form 4/144 would show completion.
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What does the BBT Form 144 disclose?
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