BHB (BHB) CFO Iannelli receives share grant and tax-withholding adjustment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BAR HARBOR BANKSHARES executive Josephine Iannelli reported routine equity compensation activity. On April 23, 2026, she received a grant of 4,910 shares of Common Stock at $0.00 per share upon settlement of performance-based vesting criteria that were met on that date.
To cover tax obligations related to this award, 3,519 shares of Common Stock were disposed of in a tax-withholding transaction at $34.38 per share. After these transactions, she directly holds 51,458 shares of BAR HARBOR BANKSHARES Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Iannelli Josephine
Role
EVP, CFO & TREASURER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,910 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,519 | $34.38 | $121K |
Holdings After Transaction:
Common Stock — 51,458 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 3,519 shares
Tax-withholding price: $34.38 per share
Equity grant: 4,910 shares
+1 more
4 metrics
Tax-withheld shares
3,519 shares
Common Stock disposed in tax-withholding transaction on April 23, 2026
Tax-withholding price
$34.38 per share
Price for 3,519 Common Stock shares used to satisfy tax liability
Equity grant
4,910 shares
Common Stock acquired as grant/award when performance criteria were met on April 23, 2026
Post-transaction holdings
51,458 shares
Directly held BAR HARBOR BANKSHARES Common Stock after reported transactions
Key Terms
tax-withholding disposition, performance-based vesting criteria, grant, award, or other acquisition
3 terms
tax-withholding disposition financial
"describes a transaction where 3,519 shares were used in a tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
performance-based vesting criteria financial
"acquired upon the settlement of performance-based vesting criteria"
grant, award, or other acquisition financial
"transaction code description indicates a grant, award, or other acquisition"
FAQ
What insider transactions did BHB executive Josephine Iannelli report?
Josephine Iannelli reported a routine compensation-related equity grant and tax withholding. She received 4,910 BHB Common Stock shares as a grant and had 3,519 shares withheld to cover tax obligations tied to that award.
Was the BHB Form 4 transaction an open-market sale by the executive?
No, the disposition was not an open-market sale. The 3,519 BHB shares were withheld in a tax-withholding disposition at $34.38 per share to satisfy tax liabilities related to a performance-based equity award.
How does the Form 4 describe the nature of the BHB insider transactions?
The Form 4 describes one transaction as a grant or award acquisition and the other as a tax-withholding disposition. Together, they represent routine compensation activity rather than discretionary buying or selling of BAR HARBOR BANKSHARES Common Stock on the open market.