Equity Bancshares (NASDAQ: EQBK) awards GC 3,470 restricted stock units
Rhea-AI Filing Summary
Equity Bancshares reported stock-based awards to its General Counsel, Brett A. Reber. On February 7, 2026, he received 1,735 shares of Class A common stock as time-based restricted units and 1,735 shares as performance-based restricted units, both granted at $0.00 per share.
The time-based units vest in three equal installments beginning February 7, 2027. The performance-based units cliff vest at the later of February 7, 2029 or when performance criteria can be confirmed, if those criteria are met. Following these awards, his directly held beneficial ownership increased to 35,852 shares.
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FAQ
What did Equity Bancshares (EQBK) disclose in this Form 4 filing?
Equity Bancshares disclosed stock awards to its General Counsel, Brett A. Reber. On February 7, 2026, he received two grants of Class A common stock restricted units, increasing his directly owned shares to 35,852 after the reported transactions.
How many Equity Bancshares (EQBK) shares were granted to the General Counsel?
The General Counsel received a total of 3,470 Class A common shares in restricted unit form. This consists of 1,735 time-based restricted units and 1,735 performance-based restricted units, each reported at a grant price of $0.00 per share.
What is the vesting schedule for the time-based restricted units in EQBK?
The time-based restricted award covers 1,735 shares of Class A common stock. These units vest in three equal installments, beginning on February 7, 2027, providing a gradual vesting schedule over three years for the General Counsel.
How do the performance-based restricted units for EQBK’s General Counsel vest?
The performance-based award is 1,735 shares of Class A common stock. These units cliff vest at the later of February 7, 2029 or the date performance criteria can be confirmed, and vesting occurs only if those performance conditions are met.
What is Brett A. Reber’s share ownership in EQBK after these grants?
After the reported transactions, General Counsel Brett A. Reber beneficially owns 35,852 shares of Equity Bancshares Class A common stock directly. This figure reflects his holdings following both the time-based and performance-based restricted unit grants.
Were the Equity Bancshares (EQBK) stock grants to the General Counsel purchased for cash?
No, both grants were reported at a price of $0.00 per share. They represent equity compensation in the form of time-based and performance-based restricted units rather than open-market share purchases for cash consideration.