Equity Bancshares (EQBK) CEO delivers 5,852 shares for tax withholding
Rhea-AI Filing Summary
Equity Bancshares Inc. Chief Executive Officer Brad S. Elliott reported routine tax-related share dispositions. On March 2, 2026, a total of 5,852 shares of Class A Common Stock were withheld at prices of $46.00 and $47.49 per share to cover tax liabilities, not as open-market sales. Following these transactions, Elliott directly holds 55,313 shares. An additional 308,787 shares are held indirectly by Elliott Legacy, LLC, an entity for which he is managing member and where he disclaims beneficial ownership except for his pecuniary interest.
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FAQ
What insider transaction did EQBK CEO Brad S. Elliott report?
Brad S. Elliott reported tax-related share dispositions, not open-market sales. On March 2, 2026, 5,852 shares of Equity Bancshares Class A Common Stock were withheld to satisfy tax liabilities, reflecting standard administrative treatment of equity compensation rather than discretionary trading activity.
How many EQBK shares were used for Brad S. Elliott’s tax withholding?
A total of 5,852 Equity Bancshares Class A Common Stock shares were withheld. These consisted of 5,517 shares at $46.00 per share and 335 shares at $47.49 per share, all applied toward payment of tax obligations tied to his equity compensation.
How many Equity Bancshares shares does Brad S. Elliott hold directly after this filing?
After the reported tax-withholding dispositions, Brad S. Elliott directly holds 55,313 shares of Equity Bancshares Class A Common Stock. This figure reflects his remaining direct ownership position following the delivery of shares to satisfy tax liabilities on March 2, 2026.
What is Elliott Legacy, LLC’s role in EQBK share ownership?
Elliott Legacy, LLC holds 308,787 shares of Equity Bancshares Class A Common Stock as an indirect owner. Brad S. Elliott is the managing member but disclaims beneficial ownership of these securities except for his pecuniary interest, according to the footnote disclosure in the filing.
Were Brad S. Elliott’s EQBK transactions open-market buys or sells?
The reported transactions were not open-market buys or sells. They are coded as “F,” meaning shares were delivered to pay tax liabilities. This tax-withholding disposition is a routine administrative mechanism associated with equity compensation, not a discretionary market trade.
Why are the EQBK insider transactions labeled as tax-withholding dispositions?
The transactions are described as payment of tax liability by delivering securities. Code “F” and the description confirm shares were used to cover taxes on equity awards, indicating a non-market, compensation-related adjustment rather than a voluntary purchase or sale in the open market.