Equity Bancshares (EQBK) grants 1,103 restricted shares to director Loving
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Loving James S reported acquisition or exercise transactions in this Form 4 filing.
Equity Bancshares Inc director James S. Loving reported an equity compensation grant and updated holdings of Class A Common Stock. He received 1,103 restricted shares at no cost as a grant or award, issued in lieu of retainer and meeting fees under the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan. These restricted shares will vest on May 1, 2027, one year after the grant date. Following the grant, Loving holds 17,329 Class A shares directly, while a separate line shows 11,118 Class A shares held indirectly by the James S. Loving Trust, for which he serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Loving James S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,103 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 17,329 shares (Direct, null);
Class A Common Stock — 11,118 shares (Indirect, ByJames S.Loving Trust)
Footnotes (1)
- Represents restricted shares issued to the reporting person pursuant to the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees. The shares will vest on the first anniversary of the grant date, or May 1, 2027. The reporting person is the trustee of the James S. Loving Trust.
Key Figures
Restricted share grant: 1,103 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 17,329 shares
+2 more
5 metrics
Restricted share grant
1,103 shares
Class A Common Stock awarded as equity compensation grant
Grant price per share
$0.0000 per share
Stated price for 1,103 restricted shares granted
Direct holdings after grant
17,329 shares
James S. Loving direct Class A Common Stock position after transaction
Indirect trust holdings
11,118 shares
Class A Common Stock held by James S. Loving Trust
Vesting date
May 1, 2027
Vesting date for 1,103 restricted shares granted
Key Terms
restricted shares, Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan, retainer and meeting fees, trustee, +1 more
5 terms
retainer and meeting fees financial
"restricted shares issued to the reporting person ... in lieu of retainer and meeting fees"
trustee financial
"The reporting person is the trustee of the James S. Loving Trust."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
indirect ownership financial
"direct_or_indirect: "I", nature_of_ownership: "ByJames S.Loving Trust""
FAQ
What did the EQBK Form 4 report for director James S. Loving?
The Form 4 shows that director James S. Loving received 1,103 restricted shares of Equity Bancshares Class A Common Stock as equity compensation, issued in lieu of retainer and meeting fees, and updated both his direct and indirect shareholdings.
What indirect EQBK holdings are reported for the James S. Loving Trust?
The filing reports 11,118 shares of Equity Bancshares Class A Common Stock held indirectly through the James S. Loving Trust. A footnote states that James Loving is the trustee of this trust, clarifying his role in relation to the trust’s shareholdings.