Estate transfers reshape Commercial Bancgroup (CBK) director share holdings
Rhea-AI Filing Summary
Commercial Bancgroup, Inc. director Charles L. Yates reported estate-related changes in his holdings of common stock. Two transactions coded “W” on February 13, 2026 reflect transfers by the Peggy C. Smith Revocable Trust and PCS Investments II LLC in connection with the passing of Peggy C. Smith.
The filing shows 31,106 shares and 41,475 shares of common stock moving through these entities at a stated price of $0.00 per share, consistent with inheritance or estate distributions rather than market trades. After these changes, Yates directly owns 79,284.5 shares of common stock.
Of this direct position, 469 shares are restricted stock units (RSUs) granted under the Commercial Bancgroup, Inc. 2025 Omnibus Incentive Plan, each representing a contingent right to one common share. These RSUs vest 100% on the date of the company’s 2026 annual meeting of shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 72,581 shares
Net Sell
3 txns
Insider
Yates Charles L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Estate Transfer | Common Stock | 41,475 | $0.00 | $0.00 |
| Estate Transfer | Common Stock | 31,106 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By PCS Investments II LLC);
Common Stock — 0 shares (Indirect, By Peggy C. Smith Revocable Trust);
Common Stock — 79,284.5 shares (Direct)
Footnotes (3)
- F1. The reported disposition occurred in connection with the passing of Peggy C. Smith on February 13, 2026.
- F2. 469 of these shares represent an award of restricted stock units (collectively, the "RSUs" and each, an "RSU") granted pursuant to the Commercial Bancgroup, Inc. 2025 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest 100% on the date of the Issuer's 2026 annual meeting of shareholders.
- F3. Previously, the Reporting Person had inadvertently under reported his beneficial ownership by 1.25 shares of Issuer's common stock.
Key Figures
Estate transfer from revocable trust: 31,106 shares
Estate transfer from LLC: 41,475 shares
Restructuring transfers total: 72,581 shares
+3 more
6 metrics
Estate transfer from revocable trust
31,106 shares
Common Stock, code W, Peggy C. Smith Revocable Trust
Estate transfer from LLC
41,475 shares
Common Stock, code W, PCS Investments II LLC
Restructuring transfers total
72,581 shares
Total restructuringShares in transactionSummary
Direct holdings after transactions
79,284.5 shares
Common Stock directly owned following transactions
Restricted stock units
469 RSUs
RSUs under 2025 Omnibus Incentive Plan, vest at 2026 annual meeting
Transaction price per share
$0.00 per share
Estate-related W code transactions
Key Terms
restricted stock units, 2025 Omnibus Incentive Plan, beneficial ownership, laws of descent and distribution, +1 more
5 terms
restricted stock units financial
"469 of these shares represent an award of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2025 Omnibus Incentive Plan financial
"granted pursuant to the Commercial Bancgroup, Inc. 2025 Omnibus Incentive Plan"
An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.
beneficial ownership financial
"had inadvertently under reported his beneficial ownership by 1.25 shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
laws of descent and distribution regulatory
"Acquisition or disposition by will or laws of descent and distribution"
revocable trust financial
"By Peggy C. Smith Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did Commercial Bancgroup (CBK) director Charles L. Yates report?
Charles L. Yates reported estate-related share transfers involving trusts and an LLC, not market trades. Two “W” code transactions on February 13, 2026 reflect inheritance or estate distributions tied to Peggy C. Smith’s passing, rather than buying or selling CBK shares.
What are Charles L. Yates’s CBK holdings after the reported Form 4 transactions?
After the reported activity, Charles L. Yates directly owns 79,284.5 shares of Commercial Bancgroup common stock. This total includes both unrestricted shares and 469 restricted stock units that convert into shares if vesting conditions are met at the 2026 annual shareholder meeting.
How are RSUs treated in Charles L. Yates’s Commercial Bancgroup (CBK) holdings?
Yates’s reported holdings include 469 restricted stock units (RSUs) granted under the 2025 Omnibus Incentive Plan. Each RSU represents a contingent right to one CBK common share and will vest in full on the date of Commercial Bancgroup’s 2026 annual meeting of shareholders.
What does transaction code “W” indicate in the Commercial Bancgroup (CBK) Form 4?
Transaction code “W” in this Form 4 is described as an acquisition or disposition by will or laws of descent and distribution. Here, it reflects estate-related transfers of CBK shares connected to Peggy C. Smith’s passing, not open-market purchases or sales by the director.