Colony Bankcorp (CBAN) CIO logs tax-withholding share disposition and 401k holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Colony Bankcorp insider Daniel Rentz reported routine share movements related to compensation and retirement plans. A Form 4 shows that 524 shares of common stock were relinquished at $20.49 per share to cover tax liability from stock vesting, a non-market tax-withholding disposition. After this, Rentz directly held 7,082.74 shares of Colony Bankcorp common stock. A separate entry reports 3,486.89 shares held indirectly in a 401k plan, reflecting accumulation through company match, reinvested dividends and salary deferral.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rentz Daniel
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COLONY BANKCORP, INC COMMON STOCK | 524 | $20.49 | $11K |
| holding | COLONY BANKCORP, INC COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COLONY BANKCORP, INC COMMON STOCK — 7,082.74 shares (Direct, null);
COLONY BANKCORP, INC COMMON STOCK — 3,486.89 shares (Indirect, 401k)
Footnotes (1)
- Includes shares relinquished for tax liability related to stock vesting. Includes shares acquired through reinvested dividends and salary deferral. Includes shares acquired through 401k company match, reinvested dividends and salary deferral.
Key Figures
Tax-withheld shares: 524 shares
Tax-withholding price: $20.49 per share
Direct holdings after transaction: 7,082.74 shares
+1 more
4 metrics
Tax-withheld shares
524 shares
Shares relinquished for tax liability related to stock vesting
Tax-withholding price
$20.49 per share
Reported value for the 524 tax-withheld shares
Direct holdings after transaction
7,082.74 shares
Direct Colony Bankcorp common stock held by Daniel Rentz after disposition
401k indirect holdings
3,486.89 shares
Colony Bankcorp shares held indirectly in a 401k plan
Key Terms
tax-withholding disposition, 401k, reinvested dividends, salary deferral
4 terms
tax-withholding disposition financial
"recorded as a tax-withholding disposition related to stock vesting"
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.
401k financial
"3,486.89 shares held indirectly in a 401k plan"
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
reinvested dividends financial
"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
"shares acquired through 401k company match, reinvested dividends and salary deferral"
FAQ
What insider transaction did Colony Bankcorp (CBAN) report for Daniel Rentz?
Colony Bankcorp reported that Chief Information Officer Daniel Rentz had 524 shares withheld to cover tax liabilities from stock vesting. This was recorded as a tax-withholding disposition, not an open-market sale, and reflects routine compensation-related share handling.
Was the Colony Bankcorp (CBAN) Form 4 a market sale by Daniel Rentz?
The Form 4 shows no open-market sale by Daniel Rentz. Instead, 524 shares were relinquished as a tax-withholding disposition related to stock vesting, which is an administrative step to satisfy tax obligations rather than a discretionary sale in the open market.
How are Daniel Rentz’s 401k holdings in Colony Bankcorp (CBAN) described?
The filing reports 3,486.89 Colony Bankcorp shares held indirectly in a 401k plan for Daniel Rentz. Footnotes state these reflect a combination of company match, reinvested dividends and salary deferral contributions, indicating gradual accumulation through standard retirement-plan mechanisms.