Equity Bancshares (EQBK) EVP amends Form 4 to revise stock grants
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
A director and executive vice president of Equity Bancshares Inc. (EQBK) reported equity awards consisting of 1,685 shares of time-based restricted stock units and 1,685 shares of performance-based restricted stock units, both at a price of $0.00 per share.
The time-based units vest in three equal installments beginning on February 9, 2027. The performance-based units cliff vest at the later of February 9, 2029 or when performance criteria can be confirmed, if those criteria are met. This amended filing corrects a prior report that had mistakenly stated two grants of 2,106 units each, or 4,212 units in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kossover Gregory H
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,685 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 1,685 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 67,860 shares (Direct)
Footnotes (1)
- Represents the grant of 1,685 shares of time-based restricted units vesting in three equal installments beginning on February 09, 2027. Represents the grant of 1,685 shares of performance-based restricted units cliff vesting at the later of February 09, 2029 or the date at which performance criteria can be confirmed, if performance criteria are met.
FAQ
What insider transaction did EQBK report in this amended Form 4?
The filing reports an executive director receiving 1,685 time-based and 1,685 performance-based restricted stock units in Equity Bancshares Class A common stock, both granted at $0.00 per share as equity compensation rather than open-market purchases.
How do the time-based restricted stock units for EQBK’s executive vest?
The time-based restricted units covering 1,685 shares of Equity Bancshares Class A common stock vest in three equal installments, beginning on February 9, 2027, aligning the executive’s compensation with continued service over multiple years.
What are the vesting terms for EQBK’s performance-based restricted units?
The performance-based grant of 1,685 restricted units cliff vests at the later of February 9, 2029 or the date when performance criteria can be confirmed, and only if those specified performance metrics are actually met.
Did the EQBK executive pay cash for the reported restricted stock units?
No cash was paid for these awards. Both the time-based and performance-based restricted stock units were granted at a price of $0.00 per share, reflecting stock-based compensation rather than open-market share purchases.