Director reports 318,016 FCBM shares on Form 3
First Carolina Financial Services, Inc. director John Walter Gussenhoven filed an initial ownership report showing beneficial ownership of 318,016 shares of Common Stock held directly.
Rhea-AI Filing Summary
First Carolina Financial Services, Inc. director John Walter Gussenhoven filed an initial ownership report showing beneficial ownership of 318,016 shares of Common Stock held directly. This total includes several restricted stock awards that vest over multi-year schedules.
The holdings include 1,000 restricted stock awards granted on January 1, 2019 that vest in ten substantially equal annual installments, 3,806 awards granted on January 1, 2024 that vest in five substantially equal annual installments, 5,172 awards granted on January 1, 2025 that vest in five substantially equal annual installments, 2,800 awards granted on January 1, 2026 that vest on the first anniversary of the grant date, and 3,700 awards granted on January 1, 2026 that vest in five substantially equal annual installments.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gussenhoven John Walter
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 318,016 shares (Direct)
Footnotes (1)
- F1. Includes (i) 1,000 restricted stock awards ("RSAs") granted on January 1, 2019 that vest in ten substantially equal annual installments on the first ten anniversaries of the grant date; (ii) 3,806 RSAs granted on January 1, 2024 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iii) 5,172 RSAs granted on January 1, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iv) 2,800 RSAs granted on January 1, 2026 that vest on the first anniversary of the grant date; and (v) 3,700 RSAs granted on January 1, 2026 that vest in five substantially equal annual installments on the first five anniversaries of the grant date.
Key Figures
Common Stock beneficially owned: 318,016 shares
2019 restricted stock awards: 1,000 RSAs
2024 restricted stock awards: 3,806 RSAs
+3 more
6 metrics
Common Stock beneficially owned
318,016 shares
Total shares following transaction (Form 3, direct ownership)
2019 restricted stock awards
1,000 RSAs
Granted January 1, 2019; vest in ten annual installments
2024 restricted stock awards
3,806 RSAs
Granted January 1, 2024; vest in five annual installments
2025 restricted stock awards
5,172 RSAs
Granted January 1, 2025; vest in five annual installments
2026 one-year RSAs
2,800 RSAs
Granted January 1, 2026; vest on first anniversary
2026 five-year RSAs
3,700 RSAs
Granted January 1, 2026; vest in five annual installments
Key Terms
restricted stock awards, vest in ten substantially equal annual installments, vest in five substantially equal annual installments, grant date
4 terms
restricted stock awards financial
"Includes (i) 1,000 restricted stock awards ("RSAs") granted on January 1, 2019..."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
vest in ten substantially equal annual installments financial
"RSAs granted on January 1, 2019 that vest in ten substantially equal annual installments..."
vest in five substantially equal annual installments financial
"RSAs granted on January 1, 2024 that vest in five substantially equal annual installments..."
grant date financial
"on the first five anniversaries of the grant date; (iv) 2,800 RSAs granted..."
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing by John Walter Gussenhoven for FCBM show?
The Form 3 shows that director John Walter Gussenhoven beneficially owns 318,016 shares of Common Stock of First Carolina Financial Services, Inc., held directly, including several restricted stock awards that vest over time under specified schedules.
What restricted stock awards are included in Gussenhoven’s FCBM holdings?
His holdings include 1,000 RSAs from January 1, 2019, 3,806 RSAs from January 1, 2024, 5,172 RSAs from January 1, 2025, 2,800 RSAs from January 1, 2026, and 3,700 RSAs from January 1, 2026, all with defined vesting schedules.
How do the 2019 and 2024 FCBM restricted stock awards vest for Gussenhoven?
The 1,000 RSAs granted January 1, 2019 vest in ten substantially equal annual installments. The 3,806 RSAs granted January 1, 2024 vest in five substantially equal annual installments on each of the first five anniversaries of the grant date.
What are the vesting terms for Gussenhoven’s 2025 and 2026 FCBM restricted stock awards?
The 5,172 RSAs granted January 1, 2025 vest in five substantially equal annual installments. The 2,800 RSAs granted January 1, 2026 vest on the first anniversary, and the 3,700 RSAs granted January 1, 2026 vest in five substantially equal annual installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
