Equity Bancshares (EQBK) director granted 1,103 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hutton Benjamen M reported acquisition or exercise transactions in this Form 4 filing.
Equity Bancshares director Benjamen M. Hutton received an equity grant of 1,103 restricted shares of Class A Common Stock at no cash cost. The award was issued under the Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan in lieu of board retainer and meeting fees and will vest on May 1, 2027. Following this grant, Hutton holds 5,943 shares directly and 13,105 shares indirectly through the Benjamen M Hutton Revocable Trust, where he serves as trustee. The filing reflects routine stock-based compensation rather than open-market trading activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hutton Benjamen M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,103 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 5,943 shares (Direct, null);
Class A Common Stock — 13,105 shares (Indirect, By Benjamen M Hutton Revocable Trust UAD 12.30.2008)
Footnotes (1)
- 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. 2. The reporting person is the trustee of the Benjamen M Hutton Revocable Trust.
Key Figures
Restricted share grant: 1,103 shares
Grant price: $0.0000 per share
Direct holdings after grant: 5,943 shares
+2 more
5 metrics
Restricted share grant
1,103 shares
Class A Common Stock awarded as compensation
Grant price
$0.0000 per share
Restricted share award under equity incentive plan
Direct holdings after grant
5,943 shares
Class A Common Stock held directly by Hutton
Indirect trust holdings
13,105 shares
Held by Benjamen M Hutton Revocable Trust
Vesting date
May 1, 2027
Restricted shares vest on first anniversary of grant
Key Terms
restricted shares, Equity Bancshares, Inc 2022 Omnibus Equity Incentive Plan, revocable trust, grant, award, or other acquisition
4 terms
revocable trust financial
"The reporting person is the trustee of the Benjamen M Hutton Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did EQBK director Benjamen Hutton report in this Form 4?
Benjamen M. Hutton reported receiving 1,103 restricted shares of Equity Bancshares Class A Common Stock. These shares were granted as compensation, not purchased in the market, and increase his direct and indirect equity stake in the company.
What are Benjamen Hutton’s total EQBK holdings after this Form 4?
After the reported transactions, Hutton holds 5,943 shares directly and 13,105 shares indirectly through the Benjamen M Hutton Revocable Trust. This mix of direct and trust holdings reflects his overall beneficial ownership position in Equity Bancshares.
Is this EQBK Form 4 an open-market trade or a compensation grant?
This Form 4 shows a compensation grant, not an open-market trade. Hutton received 1,103 restricted shares at $0.0000 per share in lieu of retainer and meeting fees, under the company’s 2022 Omnibus Equity Incentive Plan.