Equity Bancshares (EQBK) CEO awarded 7,336 time and performance units
Rhea-AI Filing Summary
Equity Bancshares Inc. reported that bank Chief Executive Officer Richard M. Sems received two equity grants on February 7, 2026. He was awarded 3,668 shares of time-based restricted units vesting in three equal installments beginning on February 7, 2027, and 3,668 performance-based restricted units that cliff vest at the later of February 7, 2029 or when performance criteria can be confirmed, if those criteria are met. Following these grants, he directly beneficially owned 26,026 shares of Class A common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,668 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 3,668 | $0.00 | -- |
Footnotes (1)
- Represents the grant of 3,668 shares of time-based restricted units vesting in three equal installments beginning on February 07, 2027. Represents the grant of 3,668 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 insider transaction did EQBK report for CEO Richard M. Sems?
EQBK reported that CEO Richard M. Sems received two equity grants totaling 7,336 restricted units of Class A common stock. These include time-based and performance-based awards that vest over several years, tying his compensation to longer-term service and performance conditions.
What are the terms of the time-based restricted units granted to EQBKs CEO?
The time-based restricted units granted to EQBKs CEO cover 3,668 shares of Class A common stock. They vest in three equal installments starting on February 7, 2027, providing staged ownership over time as continued service conditions are satisfied.
How do the performance-based restricted units for EQBKs CEO vest?
The performance-based restricted units for EQBKs CEO also cover 3,668 shares of Class A common stock. They cliff vest at the later of February 7, 2029 or when specified performance criteria can be confirmed, and only if those performance conditions are ultimately met.
Are the EQBK CEOs new restricted units held directly or indirectly?
The updated holdings of 26,026 shares of Class A common stock are reported as directly owned. The filing does not indicate any indirect ownership entity, so these beneficially owned shares are attributed directly to Richard M. Sems.