Bank7 Corp. (BSVN) grants 5,843 RSUs, withholds 156 shares for obligations
Rhea-AI Filing Summary
Bank7 Corp. Sr. EVP, COO and Secretary John T. Phillips received a grant of 5,843 restricted stock units on July 29, 2026, vesting in three equal installments on July 29, 2027, 2028 and 2029. On the same date, 156 shares of common stock at $50.32 per share were used to satisfy equity-award exercise price or tax liability, and he indirectly holds 233,500 shares through his revocable trust with voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,687 shares
Net Buy
3 txns
Insider
Phillips John T
Role
Sr. EVP; COO; and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, par value $0.01 per share F1, F2, F4, F5 | 5,843 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, par value $0.01 per share F1, F3, F4, F5 | 156 | $50.32 | $8K |
| holding | Common stock, par value $0.01 per share F6 | -- | -- | -- |
Holdings After Transaction:
Common stock, par value $0.01 per share — 12,293 shares (Direct);
Common stock, par value $0.01 per share — 233,500 shares (Indirect, By Trust)
Footnotes (6)
- F1. Includes 5,843 restricted stock units that vest in three equal installments on July 29, 2027, 2028, and 2029.
- F2. includes 1,612 restricted stock units that vest in three equal installments on July 29, 2026, 2027, and 2028.
- F3. Includes 1,075 restricted stock units. The original grant of 1,612 restricted stock units vests in three equal installments on July 29, 2026, 2027, and 2028.
- F4. Includes 2,922 restricted stock units. The original grant of 4,383 restricted stock units vests in three equal installments on February 15, 2026, 2027, and 2028.
- F5. Includes 1,812 restricted stock units. The original grant of 5,435 restricted stock units vests in three equal installments on February 15, 2025, 2026, and 2027.
- F6. Mr. Phillips is the sole trustee of the John T. Phillips Revocable Trust (the "Trust") and has voting and dispositive power over the shares held by the Trust.
Key Figures
RSU grant: 5,843 restricted stock units
Shares used for exercise price or taxes: 156 shares at $50.32 per share
Indirect common share holdings: 233,500 shares
3 metrics
RSU grant
5,843 restricted stock units
Grant dated July 29, 2026, vesting in three installments on July 29, 2027, 2028 and 2029
Shares used for exercise price or taxes
156 shares at $50.32 per share
F-code disposition on July 29, 2026 to satisfy equity-award exercise price or tax liability
Indirect common share holdings
233,500 shares
Common stock held by the John T. Phillips Revocable Trust, over which he has voting and dispositive power
Key Terms
restricted stock units, Revocable Trust, voting and dispositive power
3 terms
restricted stock units financial
"Includes 5,843 restricted stock units that vest in three equal"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Revocable Trust financial
"John T. Phillips Revocable Trust and has voting and dispositive"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
voting and dispositive power financial
"and has voting and dispositive power over the shares held"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did John T. Phillips of BSVN receive on July 29, 2026?
On July 29, 2026, John T. Phillips received a grant of 5,843 restricted stock units. These units vest in three equal installments on July 29, 2027, 2028 and 2029. The grant was reported as a direct acquisition of Bank7 Corp. common stock in RSU form.
What is the vesting schedule for John T. Phillips’ new Bank7 (BSVN) restricted stock units?
The 5,843 restricted stock units awarded to John T. Phillips vest in three equal installments. Vesting occurs on July 29 of 2027, 2028 and 2029, creating a multi‑year schedule that ties the value of this compensation to Bank7 Corp.’s future performance.
Were John T. Phillips’ July 29, 2026 Bank7 (BSVN) transactions under a Rule 10b5-1 plan?
The filing’s checkbox affirming that reported trades were under a Rule 10b5-1 trading plan was not selected. The disclosure instead reports one grant of restricted stock units and one F-code share disposition related to equity-award exercise price or tax liability, without citing any trading plan.