Cass Information Systems director awarded stock grant

Cass Information Systems director Wendy J. Henry received a stock award in the form of restricted shares.

Rhea-AI Filing Summary

Cass Information Systems director Wendy J. Henry received a stock award in the form of restricted shares. On April 23, 2026, she acquired 1,704 shares of Common Stock at a reference price of $46.94 per share as a grant or bonus, rather than an open-market purchase.

After this award, Henry directly holds 8,385 Common shares, including restricted stock bonus shares that are subject to vesting and potential forfeiture, meaning some shares may be lost if vesting conditions are not met.

Insider Trade Summary

Grant/Award: 1,704 shares

Grant/Award 1 txn

Insider Henry Wendy J.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,704	$46.94	$80K

Holdings After Transaction: Common Stock — 8,385 shares (Direct)

Footnotes (1)

1. F1. Includes restricted stock bonus shares, subject to vesting and forfeiture.

Key Figures

Restricted shares granted: 1,704 shares Grant reference price: $46.94 per share Shares held after grant: 8,385 shares

3 metrics

Restricted shares granted 1,704 shares Common Stock grant on April 23, 2026

Grant reference price $46.94 per share Price associated with restricted stock bonus shares

Shares held after grant 8,385 shares Total direct Common Stock holdings following transaction

Key Terms

restricted stock, vesting, forfeiture, Common Stock

4 terms

restricted stock financial

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

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vesting financial

"Restricted stock bonus shares are subject to vesting and possible forfeiture."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

forfeiture financial

"Shares may be lost through forfeiture if vesting conditions are not met."

Common Stock financial

"Transaction involved Common Stock granted as a bonus award."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CASS director Wendy J. Henry report?

Director Wendy J. Henry reported receiving a grant of 1,704 shares of Cass Information Systems Common Stock. The award was priced at $46.94 per share and is structured as a restricted stock bonus, making it part of her compensation rather than an open-market stock purchase.

How many CASS shares does Wendy J. Henry hold after this Form 4 filing?

After the reported transaction, Wendy J. Henry directly holds 8,385 shares of Cass Information Systems Common Stock. This total includes restricted stock bonus shares that are subject to vesting requirements and potential forfeiture if specified conditions are not satisfied over time.

Was the CASS insider transaction an open-market buy or a stock grant?

The CASS insider transaction was a stock grant, not an open-market buy. The Form 4 uses transaction code A for a grant, award, or other acquisition, and footnotes clarify these are restricted stock bonus shares subject to vesting and possible forfeiture conditions.

What does it mean that CASS restricted stock shares are subject to vesting and forfeiture?

Being subject to vesting and forfeiture means the CASS restricted stock bonus shares are earned over time or upon meeting conditions. If vesting requirements are not met, some or all of the shares can be forfeited, reducing the director’s final share ownership from the initially granted amount.

How large is the CASS stock grant to Wendy J. Henry in this Form 4?

The reported CASS stock grant totals 1,704 Common shares at a reference price of $46.94 each. This single award increases Wendy J. Henry’s direct holdings to 8,385 shares, combining both unrestricted and restricted stock bonus shares subject to future vesting conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/27/2026 - 04:05 PM EDT Learn about SEC filing dates

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^*

Henry Wendy J.

(Last) (First) (Middle)

12444 POWERSCOURT DRIVE

SUITE 550

(Street)

ST. LOUIS MISSOURI 63131

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/23/2026		A		1,704	A	$46.94	8,385(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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

Remarks:

	/s/ Wendy J Henry	04/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)