Director at Equity Bancshares (NASDAQ: EQBK) receives 1,103 restricted shares
Rhea-AI Filing Summary
Borck Leon reported acquisition or exercise transactions in this Form 4 filing.
Equity Bancshares Inc. director Leon Borck received a grant of 1,103 shares of Class A Common Stock as restricted shares. The award was issued under the Equity Bancshares, Inc. 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees and carries a grant price of $0.00 per share.
The restricted shares will vest on the first anniversary of the grant date, or May 1, 2027. Following this grant, Borck holds 10,274 shares directly, 94,905 shares indirectly as trustee of the Leon Harold Borck Trust dated September 23, 1994, and 21,036 shares indirectly through EDBI, Inc., where he disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,103 shares
Net Buy
3 txns
Insider
Borck Leon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,103 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 10,274 shares (Direct);
Class A Common Stock — 94,905 shares (Indirect, By Leon Harold Borck Trust dtd 09/23/1994);
Class A Common Stock — 21,036 shares (Indirect, EDBI Inc.)
Footnotes (3)
- F1. 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.
- F2. The reporting person is the trustee of the Leon Harold Borck Trust dtd 09/23/1994.
- F3. The reporting person is the President of EDBI, Inc. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
Key Figures
Restricted share grant: 1,103 shares
Direct holdings after grant: 10,274 shares
Trust holdings: 94,905 shares
+2 more
5 metrics
Restricted share grant
1,103 shares
Class A Common Stock awarded to Leon Borck at $0.00 per share
Direct holdings after grant
10,274 shares
Class A Common Stock held directly by Leon Borck after transaction
Trust holdings
94,905 shares
Indirect holdings via Leon Harold Borck Trust dated 09/23/1994
EDBI Inc. holdings
21,036 shares
Indirect holdings through EDBI, Inc., with beneficial ownership disclaimed except pecuniary interest
Vesting date
May 1, 2027
Vesting date for the 1,103 restricted shares granted to Leon Borck
Key Terms
restricted shares, 2022 Omnibus Equity Incentive Plan, beneficial ownership, pecuniary interest, +1 more
5 terms
2022 Omnibus Equity Incentive Plan financial
"issued to the reporting person pursuant to the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees"
beneficial ownership regulatory
"the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
AI-generated analysis. How Rhea-AI works. Not financial advice.
