Cass Information Systems (CASS) CFO logs stock grant and $44.25 share disposals

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Cass Information Systems CFO Michael James Normile reported several equity transactions in company common stock dated January 26, 2026. Two transactions coded "F" involved dispositions of 911 shares at $44.25 and 837 shares at $44.25 per share. A separate transaction coded "A" recorded the acquisition of 1,786 shares at $0 per share, with a footnote explaining these shares were acquired upon satisfaction of applicable performance conditions. Another footnote states the reported holdings include restricted stock bonus shares that are subject to vesting and forfeiture. After the last reported transaction, Normile directly beneficially owned 18,784 shares of Cass Information Systems common stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Normile Michael James

Role CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	911	$44.25	$40K
Grant/Award	Common Stock	1,786	$0.00	--
Tax Withholding	Common Stock	837	$44.25	$37K

Holdings After Transaction: Common Stock — 17,835 shares (Direct)

Footnotes (1)

Includes restricted stock bonus shares, subject to vesting and forfeiture. The shares were acquired upon the satisfaction of applicable performance conditions.

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Form 4 Insider Transactions: What Each Field Means →

01/28/2026 - 03:08 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Normile Michael James

(Last)

(First)

(Middle)

12444 POWERSCOURT DRIVE

SUITE 550

(Street)

ST. LOUIS

63131

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CASS INFORMATION SYSTEMS INC [ CASS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/26/2026		F		911	D	$44.25	17,835⁽¹⁾	D
Common Stock	01/26/2026		A		1,786⁽²⁾	A	$0	19,621⁽¹⁾	D
Common Stock	01/26/2026		F		837	D	$44.25	18,784⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes restricted stock bonus shares, subject to vesting and forfeiture.

2. The shares were acquired upon the satisfaction of applicable performance conditions.

Remarks:

	/s/ Michael J. Normile	01/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did CASS CFO Michael Normile report on January 26, 2026?

On January 26, 2026, CFO Michael James Normile reported three common stock transactions: two dispositions coded "F" totaling 1,748 shares at $44.25 per share and one acquisition coded "A" for 1,786 shares at $0 per share.

How many CASS shares did the CFO acquire in the Form 4 filing?

The CFO acquired 1,786 shares of Cass Information Systems common stock at $0 per share. A footnote explains these shares were issued after applicable performance conditions were satisfied, indicating a performance-based equity award rather than an open-market purchase.

At what price were CASS shares disposed of in the CFO’s reported transactions?

The Form 4 shows two dispositions of Cass Information Systems common stock at $44.25 per share. These transactions, both coded "F", covered 911 shares in one line and 837 shares in another, reflecting non-derivative movements in directly held stock.

How many Cass Information Systems (CASS) shares does the CFO own after these transactions?

Following the final reported transaction on January 26, 2026, CFO Michael James Normile directly beneficially owned 18,784 shares of Cass Information Systems common stock, according to the share balance shown in Table I of the Form 4 filing.

What do the Form 4 footnotes reveal about the CFO’s CASS stock holdings?

One footnote states the reported holdings include restricted stock bonus shares that are subject to vesting and forfeiture. Another clarifies that 1,786 shares were acquired upon satisfaction of applicable performance conditions, indicating performance-based equity awards rather than cash purchases.

Is the CASS CFO’s ownership reported as direct or indirect in this Form 4?

All reported transactions and resulting holdings are listed as directly owned. The Form 4’s Table I marks the ownership form for each line as "D" for direct, and no nature of indirect beneficial ownership is described in the accompanying footnotes.