Equity Bancshares (EQBK) grants 1,652 restricted units to HR chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equity Bancshares reported an insider equity award to Chief Human Resources Officer Ann Knutson. She received a total of 1,652 restricted units of Class A Common Stock at a price of $0.00 per share-equivalent.
The award consists of 826 time-based restricted units that vest in three equal installments beginning on February 7, 2027, and 826 performance-based restricted units that cliff vest at the later of February 7, 2029 or when performance criteria can be confirmed, if those criteria are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Knutson Ann
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 826 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 826 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 7,616 shares (Direct)
Footnotes (1)
- Represents the grant of 826 shares of time-based restricted units vesting in three equal installments beginning on February 07, 2027. Represents the grant of 826 shares of performance-based restricted units cliff vesting at the later of February 07, 2029 or the date at which performance criteria can be confirmed, if performance criteria are met.
FAQ
What does the Form 4 filing reveal about the price of Ann Knutson’s EQBK award?
The Form 4 shows that each of Ann Knutson’s 1,652 restricted units of Equity Bancshares Class A Common Stock was granted at $0.00 per share-equivalent. This reflects a typical non-cash equity compensation grant rather than an open-market stock purchase.
When will Ann Knutson’s time-based restricted units in EQBK vest?
The 826 time-based restricted units granted to Ann Knutson vest in three equal installments beginning on February 7, 2027. Each installment increases her fully vested ownership as long as she satisfies the service conditions through each vesting date.
What conditions apply to Ann Knutson’s performance-based EQBK restricted units?
The 826 performance-based restricted units cliff vest at the later of February 7, 2029 or when performance criteria can be confirmed. Vesting occurs only if specified performance goals are achieved and then validated under the plan’s terms.
How did Ann Knutson’s reported EQBK beneficial ownership change after the grants?
Following the reported grants, one line in the filing shows 7,616 shares of Class A Common Stock beneficially owned directly, and another shows 8,442 shares directly. These figures reflect post-transaction ownership for the respective reported entries.