COLONY BANKCORP CFO logs tax-withholding share transfer
COLONY BANKCORP INC CFO Derek Shelnutt reported routine equity activity involving company stock.
Rhea-AI Filing Summary
COLONY BANKCORP INC CFO Derek Shelnutt reported routine equity activity involving company stock. The filing shows a tax-withholding disposition of 1,018 shares of common stock at $20.49 per share to cover obligations related to stock vesting, with no open-market buying or selling.
After this event, Shelnutt directly holds 11,152 shares of COLONY BANKCORP, INC common stock. He also has an indirect position of 6,446 shares held through a 401k, which includes company matches, reinvested dividends and salary deferrals, reflecting ongoing compensation and retirement-plan accumulation rather than discretionary trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,018 shares
Exercise Price or Tax Liability
2 txns
Insider
Shelnutt Derek
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | COLONY BANKCORP, INC COMMON STOCK | 1,018 | $20.49 | $21K |
| holding | COLONY BANKCORP, INC COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COLONY BANKCORP, INC COMMON STOCK — 11,152 shares (Direct);
COLONY BANKCORP, INC COMMON STOCK — 6,446 shares (Indirect, 401k)
Footnotes (2)
- F1. Includes shares relinquished for tax liability related to stock vesting.
- F2. Includes shares acquired through 401k company match, reinvested dividends and salary deferral.
Key Figures
Tax-withholding shares: 1,018 shares
Tax-withholding price: $20.49 per share
Direct holdings after transaction: 11,152 shares
+1 more
4 metrics
Tax-withholding shares
1,018 shares
Relinquished to cover tax liability on stock vesting
Tax-withholding price
$20.49 per share
Value used for 1,018-share tax-withholding disposition
Direct holdings after transaction
11,152 shares
CFO’s direct COLONY BANKCORP common stock position post-event
Indirect 401k holdings
6,446 shares
Held via 401k from company match, dividends and salary deferral
Key Terms
tax-withholding disposition, 401k, stock vesting, reinvested dividends
4 terms
tax-withholding disposition financial
"The filing shows a tax-withholding disposition of 1,018 shares of common stock"
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
"He also has an indirect position of 6,446 shares held through a 401k"
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.
stock vesting financial
"shares relinquished for tax liability related to stock vesting"
reinvested dividends financial
"includes shares acquired through 401k company match, 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did COLONY BANKCORP INC (CBAN) CFO Derek Shelnutt report?
CFO Derek Shelnutt reported a tax-withholding disposition of COLONY BANKCORP common stock. The transaction involved 1,018 shares used to satisfy tax obligations tied to stock vesting, rather than an open-market sale or discretionary trading decision.
Was the COLONY BANKCORP (CBAN) Form 4 transaction an open-market sale by the CFO?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 1,018 shares were relinquished at $20.49 per share to cover tax liability associated with stock vesting, a common administrative step in equity compensation.
What does the tax-withholding code F mean in the COLONY BANKCORP (CBAN) Form 4?
Code F on the Form 4 indicates shares were delivered to pay exercise price or tax liability. For COLONY BANKCORP, 1,018 shares of common stock were used to satisfy taxes on vested equity, so this event does not represent discretionary selling activity.
What are the indirect COLONY BANKCORP (CBAN) holdings reported for CFO Derek Shelnutt?
The Form 4 reports 6,446 COLONY BANKCORP common shares held indirectly through a 401k. These shares come from company matching contributions, reinvested dividends and salary deferrals, highlighting retirement-plan accumulation rather than direct trading decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
