Esquire director gifts 51K shares to family trust
Rhea-AI Filing Summary
Esquire Financial Holdings, Inc. (ESQ) director Richard T. Powers reported a bona fide gift of 51,380 shares of common stock on August 25, 2026, transferring them to a Family Trust where they are now held indirectly. Following the transaction, he holds 6,853 shares directly, which include multiple tranches of restricted stock vesting between December 2024 and December 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 51,380 shares
Net Sell
2 txns
Insider
Powers Richard T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1, F2, F3, F4, F5, F6 | 51,380 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,853 shares (Direct);
Common Stock — 51,380 shares (Indirect, By Family Trust)
Footnotes (6)
- F1. Includes shares of restricted stock which vest in three equal annual installments commencing on December 16, 2024.
- F2. Includes shares of restricted stock which vest in three equal annual installments commencing on December 9, 2025.
- F3. Includes shares of restricted stock which vest 100% on December 10, 2026.
- F4. Includes shares of restricted stock which vest in three equal annual installments commencing on December 19, 2026.
- F5. Includes shares of restricted stock which vest in three equal annual installments commencing on December 3, 2027.
- F6. Includes shares of restricted stock which vest in three equal annual installments commencing on December 15, 2027.
Key Figures
Shares gifted: 51,380 shares of Common Stock
Gift price per share: $0.0000 per share
Direct holdings after transaction: 6,853 shares of Common Stock
+2 more
5 metrics
Shares gifted
51,380 shares of Common Stock
Bona fide gift on August 25, 2026
Gift price per share
$0.0000 per share
Reported for the 51,380-share bona fide gift
Direct holdings after transaction
6,853 shares of Common Stock
Direct ownership following the August 25, 2026 gift
Indirect holdings via Family Trust
51,380 shares of Common Stock
Indirect ownership "By Family Trust" after the gift
Restricted stock vesting start
December 16, 2024
One restricted stock grant vests in three equal annual installments starting this date
Key Terms
Bona fide gift, restricted stock, Family Trust
3 terms
Bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock financial
"Includes shares of restricted stock which vest in three equal annual"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Family Trust financial
"nature_of_ownership: "By Family Trust""
FAQ
What insider transaction did ESQ director Richard T. Powers report on August 25, 2026?
He reported a bona fide gift of 51,380 shares of Esquire Financial Holdings, Inc. common stock on August 25, 2026, transferring those shares to a Family Trust where they are now reported as indirectly owned.
What does the Form 4 say about vesting of Richard T. Powers’ ESQ restricted stock?
Footnotes state his remaining direct holdings include restricted stock that vests in installments starting December 16, 2024 and December 9, 2025, plus grants vesting 100% on December 10, 2026 and further installments beginning in December 2026 and December 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.