Blue Ridge (BRBS) CEO logs 22,649-share tax withholdings, plans retirement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BLUE RIDGE BANKSHARES, INC. President & CEO G. William Beale reported share dispositions that reflect tax-withholding events rather than open-market sales. On March 2, 2026, 17,068 shares of common stock were withheld at $4.06 per share to cover tax obligations. On March 6, 2026, an additional 5,581 shares were withheld at $3.99 per share for the same purpose.
After these transactions, Beale directly held 1,163,828 common shares and indirectly held 400,000 shares through the G. William Beale Revocable Living Trust. A footnote states that his beneficial ownership figure included unvested restricted stock that was subsequently cancelled on March 6, 2026 in connection with his retirement.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
BEALE G WILLIAM
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,581 | $3.99 | $22K |
| Tax Withholding | Common Stock | 17,068 | $4.06 | $69K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,163,828 shares (Direct);
Common Stock — 400,000 shares (Indirect, G. William Beale Revocable Living Trust)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares March 2, 2026: 17,068 shares at $4.06
Tax-withholding shares March 6, 2026: 5,581 shares at $3.99
Total tax-withholding shares: 22,649 shares
+2 more
5 metrics
Tax-withholding shares March 2, 2026
17,068 shares at $4.06
Code F disposition to cover tax obligations
Tax-withholding shares March 6, 2026
5,581 shares at $3.99
Code F disposition to cover tax obligations
Total tax-withholding shares
22,649 shares
Form 4 transaction summary taxWithholdingShares
Direct holdings after transactions
1,163,828 shares
Total BRBS common shares directly owned post-March 6, 2026
Indirect trust holdings
400,000 shares
Held by G. William Beale Revocable Living Trust
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, unvested restricted stock, beneficial shares owned, +1 more
5 terms
tax-withholding disposition financial
"transaction_action": "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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
unvested restricted stock financial
"includes shares of unvested restrick stock that were subsequently cancelled"
Revocable Living Trust financial
"nature_of_ownership": "G. William Beale Revocable Living Trust""
FAQ
What insider transactions did BRBS CEO G. William Beale report?
G. William Beale reported tax-related share dispositions, not open-market trades. On March 2 and March 6, 2026, a combined 22,649 BRBS common shares were withheld to cover tax obligations tied to equity compensation, according to the Form 4 details.
Does the BRBS Form 4 mention G. William Beale’s retirement?
Yes, a footnote states that beneficial ownership included unvested restricted stock cancelled on March 6, 2026 in connection with his retirement. This indicates certain unvested restricted shares were removed from his beneficial holdings on that date.