Cass Information Systems (CASS) grants director 1,704 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Drabik John J reported acquisition or exercise transactions in this Form 4 filing.
Cass Information Systems director John J. Drabik reported an insider equity compensation award. He received 1,704 shares of common stock as a restricted stock bonus at a value of $46.94 per share.
These shares are restricted stock bonus shares subject to vesting and potential forfeiture, meaning they must meet service or other conditions to fully vest. After this award, Drabik directly holds 1,704 common shares of Cass Information Systems.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Drabik John J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,704 | $46.94 | $80K |
Holdings After Transaction:
Common Stock — 1,704 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 1,704 shares
Grant valuation price: $46.94 per share
Shares held after award: 1,704 shares
3 metrics
Restricted stock grant
1,704 shares
Common stock award to director John J. Drabik
Grant valuation price
$46.94 per share
Reported transaction price for restricted stock bonus shares
Shares held after award
1,704 shares
Total common shares directly owned post-transaction
Key Terms
restricted stock bonus shares, vesting, forfeiture
3 terms
vesting financial
"Includes restricted stock bonus shares, subject to vesting and 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
"Includes restricted stock bonus shares, subject to vesting and forfeiture."
FAQ
What insider transaction did CASS director John J. Drabik report on Form 4?
Director John J. Drabik reported receiving 1,704 shares of Cass Information Systems common stock as a restricted stock bonus. The shares were valued at $46.94 per share and represent equity compensation rather than an open-market stock purchase.
Is John J. Drabik’s CASS stock transaction a purchase or an award?
The filing shows an award of shares, not a market purchase. Transaction code A indicates a grant or other acquisition, and the footnote clarifies these are restricted stock bonus shares granted as compensation, subject to vesting and forfeiture conditions.