Bank7 Corp. (BSVN) COO logs tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bank7 Corp. senior executive John T. Phillips reported a tax-withholding disposition of 1,636 shares of common stock on February 15, 2026. The shares were surrendered at $43.92 per share to cover tax obligations rather than sold in an open-market trade.
After this transaction, Phillips directly holds 11,606 shares of Bank7 common stock. He also has indirect ownership of 229,000 shares through the John T. Phillips Revocable Trust, where he serves as sole trustee with voting and dispositive power over those shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Phillips John T
Role
Sr. EVP; COO; and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.01 per share | 1,636 | $43.92 | $72K |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common stock, par value $0.01 per share — 11,606 shares (Direct);
Common stock, par value $0.01 per share — 229,000 shares (Indirect, By Trust)
Footnotes (1)
- includes 1,612 restricted stock units that vest in three equal installments on July 29, 2026, 2027, and 2028. 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. 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. 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.
FAQ
What insider transaction did Bank7 Corp. (BSVN) report for John T. Phillips?
Bank7 Corp. reported that executive John T. Phillips disposed of 1,636 common shares in a tax-withholding transaction. The shares were surrendered on February 15, 2026 at $43.92 each to satisfy tax obligations tied to equity compensation.
Was the Bank7 (BSVN) insider transaction an open-market sale?
The transaction was a tax-withholding disposition, not an open-market sale. Shares were delivered to cover exercise price or tax liabilities, according to the Form 4 code F description, rather than being sold on the public market for investment purposes.
Do restricted stock units affect John T. Phillips’ Bank7 (BSVN) holdings?
Yes. Footnotes state his holdings include several blocks of restricted stock units that vest in equal installments on specific future dates, including grants vesting on July 29, 2026–2028 and February 15, 2025–2028, which can increase deliverable shares over time.