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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,735 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 1,735 | $0.00 | -- |
Footnotes (1)
- Represents the grant of 1,735 shares of time-based restricted units vesting in three equal installments beginning on February 07, 2027. Represents the grant of 1,735 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 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.