BOK Financial (BOKF) EVP logs equity grants, vesting and tax share offsets
Rhea-AI Filing Summary
BOK Financial Corp executive Jeffrey A. Reid reported multiple equity-related transactions reflecting compensation and prior deferral elections. On February 18, 2026, he received 2,413.358 shares of phantom stock as a derivative holding after 111.642 phantom shares were used to pay taxes when previously deferred restricted stock units vested. He also exercised a derivative security into 969 shares of common stock and had 111.642 common shares withheld to satisfy tax obligations, with an additional 2,413.358 common shares disposed of back to the company. On February 17, 2026, he acquired 2,109 restricted common shares, which vest on January 16, 2029 and are subject to forfeiture if employment ends early or earnings-per-share targets under the BOKF Executive Incentive Plan are not met. The filing also notes an indirect holding of 1,571.2191 common shares through a 401(k) plan and confirms each phantom stock unit represents one common share or, at the company’s election, its cash value, payable upon termination of employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 2,413.358 | $0.00 | -- |
| Exercise | Common Stock | 969 | $0.00 | -- |
| Tax Withholding | Common Stock | 111.642 | $133.56 | $15K |
| Disposition | Common Stock | 2,413.358 | $0.00 | -- |
| Grant/Award | Common Stock | 2,109 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock which vests on January 16, 2029. Shares are subject to forfeiture (i) upon termination of employment prior to vesting, and (ii) if certain performance earnings per share targets established pursuant to BOKF Executive Incentive Plan are not met. Represents upward restricted stock adjustments based upon attainment of performance goals established pursuant to the BOKF Executive Incentive Plan for restricted stock awards made in 2023. Prior to issuance, the reporting person elected to defer receipt of 2,525 shares of phantom stock (restricted stock units) issued on February 28, 2023; which such phantom stock vested on February 18, 2026. On vesting, 111.642 shares of the phantom stock were disposed of to pay the taxes on vesting. The remaining 2,413.358 shares of phantom stock remain held by the reporting person as a derivative security. Each share of phantom stock represents a right to receive one share of common stock, or at the Company's election, the cash value thereof. The phantom stock becomes payable upon the reporting person's termination of employment with the Company.
