Director at Equity Bancshares (EQBK) receives 1,103 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rogerson Donald Scott reported acquisition or exercise transactions in this Form 4 filing.
Equity Bancshares director Donald Scott Rogerson reported a compensation grant of Class A Common Stock. He received 1,103 restricted shares at no cost, issued under the Equity Bancshares, Inc. 2022 Omnibus Equity Incentive Plan in lieu of board retainer and meeting fees.
Following this award, his direct holdings increased to 6,103 shares. The restricted shares will vest on the first anniversary of the grant date, or May 1, 2027, tying the compensation to continued board service over the next year.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rogerson Donald Scott
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,103 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 6,103 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted share grant: 1,103 shares
Holdings after grant: 6,103 shares
Grant price: $0.0000 per share
+1 more
4 metrics
Restricted share grant
1,103 shares
Class A Common Stock awarded May 1, 2026
Holdings after grant
6,103 shares
Director’s direct ownership following transaction
Grant price
$0.0000 per share
Stock-based compensation, not open-market purchase
Vesting date
May 1, 2027
Restricted shares vest on first anniversary of grant
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
"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.