Director at Equity Bancshares (EQBK) receives 1,103 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schlehuber Lisa Ann reported acquisition or exercise transactions in this Form 4 filing.
Equity Bancshares Inc director Lisa Ann Schlehuber received a grant of 1,103 restricted shares of Class A Common Stock as compensation. The award was issued under the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees and carries no purchase price.
The restricted shares are scheduled to vest on May 1, 2027, the first anniversary of the grant date. Following this grant, Schlehuber directly holds 1,103 shares, reflecting a routine equity-based compensation award rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schlehuber Lisa Ann
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,103 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 1,103 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted shares granted: 1,103 shares
Grant price per share: $0.00 per share
Shares held after transaction: 1,103 shares
+1 more
4 metrics
Restricted shares granted
1,103 shares
Class A Common Stock grant to director on May 1, 2026
Grant price per share
$0.00 per share
Equity award issued in lieu of cash fees
Shares held after transaction
1,103 shares
Total direct holdings by Lisa Ann Schlehuber post-grant
Vesting date
May 1, 2027
Restricted shares vest on first anniversary of grant date
Key Terms
restricted shares, 2022 Omnibus Equity Incentive Plan, retainer and meeting fees, vest
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"
retainer and meeting fees financial
"issued to the reporting person pursuant to the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees"
vest financial
"The shares will vest on the first anniversary of the grant date, or May 1, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
Was the EQBK Form 4 transaction an open-market buy or a stock grant?
The EQBK Form 4 shows a stock grant, not an open-market purchase. Code “A” indicates a grant or award, and the 1,103 restricted shares carried a reported price of $0.00 per share because they were issued as compensation for board retainer and meeting fees.