Equity Bancshares (EQBK) director receives 1,103 restricted shares as fee compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Maland Jerry P reported acquisition or exercise transactions in this Form 4 filing.
Equity Bancshares Inc. director Jerry P. Maland received a grant of 1,103 restricted shares of Class A Common Stock as compensation. The shares were issued at $0.00 per share under the Equity Bancshares, Inc. 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees and will vest on May 1, 2027.
Following this award, Maland holds 20,091 shares directly, 5,508 shares indirectly through his spouse, and 113,028 shares indirectly through the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust, where he and his spouse serve as co-trustees.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Maland Jerry P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,103 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 20,091 shares (Direct, null);
Class A Common Stock — 113,028 shares (Indirect, By Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99)
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 and his spouse serve as Co-Trustees of the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99.
Key Figures
Restricted shares granted: 1,103 shares
Grant price: $0.00 per share
Vesting date: May 1, 2027
+3 more
6 metrics
Restricted shares granted
1,103 shares
Grant under 2022 Omnibus Equity Incentive Plan
Grant price
$0.00 per share
Compensation grant, not market purchase
Vesting date
May 1, 2027
Restricted shares vest on first anniversary of grant date
Direct holdings after grant
20,091 shares
Class A Common Stock held directly by Maland
Spouse indirect holdings
5,508 shares
Class A Common Stock held by spouse
Trust indirect holdings
113,028 shares
Living Revocable Trust where Maland and spouse are co-trustees
Key Terms
restricted shares, 2022 Omnibus Equity Incentive Plan, Living Revocable Trust, grant, award, or other acquisition
4 terms
2022 Omnibus Equity Incentive Plan financial
"pursuant to the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees"
Living Revocable Trust financial
"the Jerry Paul Maland & Jane Lou Maland Living Revocable Trust DTD 9-21-99"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
Is the Form 4 transaction for EQBK a market buy or a compensation grant?
The Form 4 shows a compensation grant, not a market buy. Code A identifies it as a grant, award, or other acquisition, and the footnote clarifies the 1,103 restricted shares were issued in lieu of director retainer and meeting fees under the equity incentive plan.