Colony Bankcorp (CBAN) EVP reports tax-withholding share disposition and 401k holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Colony Bankcorp Executive VP Lee Bagwell reported routine share movements involving Colony Bankcorp, Inc. common stock. On July 1, 761 shares were relinquished in a tax-withholding disposition tied to stock vesting at $20.49 per share, a non-market transaction used to cover tax obligations.
After this event, Bagwell held 19,797.46 shares directly. In addition, 22,285.06 shares were held indirectly through a 401(k) account, which includes shares acquired via company match, reinvested dividends, and salary deferrals. No open-market buying or selling activity was reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bagwell Lee
Role
Executive VP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COLONY BANKCORP, INC COMMON STOCK | 761 | $20.49 | $16K |
| holding | COLONY BANKCORP, INC. COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COLONY BANKCORP, INC COMMON STOCK — 19,797.46 shares (Direct, null);
COLONY BANKCORP, INC. COMMON STOCK — 22,285.06 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-withholding shares: 761 shares
Tax-withholding price: $20.49 per share
Direct holdings after transaction: 19,797.46 shares
+2 more
5 metrics
Tax-withholding shares
761 shares
Relinquished to cover tax liability on stock vesting at code F
Tax-withholding price
$20.49 per share
Value used for 761 shares relinquished for taxes
Direct holdings after transaction
19,797.46 shares
Common stock directly owned by Lee Bagwell after July 1
Indirect 401(k) holdings
22,285.06 shares
Common stock held via 401(k), including match and reinvested dividends
Tax-withholding value
$15,589.89
761 shares at $20.49 per share relinquished for taxes
Key Terms
tax-withholding disposition, 401K, reinvested dividends, salary deferral, +1 more
5 terms
tax-withholding disposition financial
"761 shares were relinquished in a tax-withholding disposition tied 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
"shares were held indirectly through a 401(k) account, which includes shares acquired"
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
"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"
company match financial
"Includes shares acquired through 401k company match, reinvested dividends and salary deferral"
FAQ
What did Colony Bankcorp (CBAN) Executive VP Lee Bagwell report in this Form 4?
Executive VP Lee Bagwell reported routine share movements in Colony Bankcorp common stock. The filing shows a tax-related share disposition and updated direct and 401(k) holdings, without any open-market purchases or sales disclosed in this report.
Did the Colony Bankcorp (CBAN) Form 4 show any open-market buying or selling by Lee Bagwell?
The Form 4 does not show any open-market buying or selling by Bagwell. The only disposition involved 761 shares withheld for taxes on stock vesting, which is a non-market transaction rather than a discretionary trade in the open market.
What does the tax-withholding disposition code F mean in the Colony Bankcorp (CBAN) filing?
The code F indicates shares were surrendered to pay an exercise price or tax liability. In this case, 761 shares were relinquished to cover taxes on stock vesting, a standard administrative step rather than an open-market sale decision.