Colony Bankcorp EVP reports tax share withholding
Colony Bankcorp executive Leonard H. Bateman Jr. reported routine share movements connected to compensation.
Rhea-AI Filing Summary
Colony Bankcorp executive Leonard H. Bateman Jr. reported routine share movements connected to compensation. A total of 881 Colony Bankcorp common shares were relinquished at $20.49 per share to cover tax liabilities related to stock vesting, classified as a tax-withholding disposition rather than an open-market sale.
After this transaction, Bateman directly holds 13,979.88 Colony Bankcorp shares. He also indirectly holds 19,137.88 shares through a 401(k) account, which includes shares acquired via company match, reinvested dividends, and salary deferrals.
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Insider Trade Summary
Exercise Price or Tax Liability: 881 shares
Exercise Price or Tax Liability
2 txns
Insider
Bateman Leonard H JR
Role
EVP & Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | COLONY BANKCORP, INC COMMON STOCK | 881 | $20.49 | $18K |
| holding | COLONY BANKCORP, INC COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COLONY BANKCORP, INC COMMON STOCK — 13,979.88 shares (Direct);
COLONY BANKCORP, INC COMMON STOCK — 19,137.88 shares (Indirect, 401 (K))
Footnotes (3)
- F1. Includes shares relinquished for tax liability related to stock vesting.
- F2. Includes shares acquired through reinvested dividends and salary deferral.
- F3. Includes shares acquired through 401k company match, reinvested dividends and salary deferral.
Key Figures
Tax-withheld shares: 881 shares
Tax-withholding price: $20.49 per share
Direct holdings after transaction: 13,979.88 shares
+2 more
5 metrics
Tax-withheld shares
881 shares
Relinquished to cover tax liability on stock vesting
Tax-withholding price
$20.49 per share
Value assigned to 881 shares used for tax withholding
Direct holdings after transaction
13,979.88 shares
Common stock directly held by Leonard H. Bateman Jr.
Indirect 401(k) holdings
19,137.88 shares
Common stock held indirectly through a 401(k) plan
Tax-withholding transactions
1 transaction
Form 4 shows one F-code tax-withholding disposition
Key Terms
tax-withholding disposition, stock vesting, 401(k), reinvested dividends, +1 more
5 terms
tax-withholding disposition financial
"classified as a tax-withholding disposition rather than an open-market sale"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
stock vesting financial
"shares relinquished for tax liability related to stock vesting"
401(k) financial
"indirectly holds 19,137.88 shares through a 401(k) account"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
reinvested dividends financial
"includes shares acquired through reinvested dividends and salary deferral"
Reinvested dividends are payouts a shareholder receives from a company that are automatically used to buy additional shares instead of being taken as cash. For investors this acts like planting dividends back into the portfolio so each future payout can come from a slightly larger holding, helping returns compound over time and showing the difference between income you spend today and total growth of your investment.
salary deferral financial
"Includes shares acquired through 401k company match, reinvested dividends and salary deferral"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Colony Bankcorp (CBAN) report for Leonard H. Bateman Jr.?
Colony Bankcorp reported that EVP and Chief Credit Officer Leonard H. Bateman Jr. relinquished 881 common shares at $20.49 per share. This was a tax-withholding disposition tied to stock vesting, not an open-market sale, and reflects routine compensation-related activity.
Was the Colony Bankcorp (CBAN) Form 4 transaction a stock sale by the executive?
The Form 4 shows a tax-withholding disposition of 881 shares at $20.49, not an open-market stock sale. Shares were relinquished to cover tax obligations from vesting equity awards, a common mechanism that does not represent discretionary buying or selling in the market.
How were indirect Colony Bankcorp (CBAN) holdings accumulated for Leonard H. Bateman Jr.?
The indirect holdings of 19,137.88 Colony Bankcorp shares are held in a 401(k) account. Footnotes explain these include shares from company match, reinvested dividends, and salary deferrals, indicating steady accumulation through retirement-plan contributions and related reinvestment features.
What role does Leonard H. Bateman Jr. hold at Colony Bankcorp (CBAN)?
Leonard H. Bateman Jr. is an officer of Colony Bankcorp, serving as Executive Vice President and Chief Credit Officer. His Form 4 filing reports compensation-related share movements, including tax withholding and retirement-plan holdings in the company’s common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
