Glacier Bancorp (GBCI) director awarded 1,463 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boyles David C reported acquisition or exercise transactions in this Form 4 filing.
GLACIER BANCORP, INC. director David C. Boyles received a grant of 1,463 shares of common stock at no cost. The shares were awarded under a Restricted Stock Award Plan and, according to the disclosure, they vest immediately, meaning Boyles gains full ownership right away.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boyles David C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,463 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 32,733 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GBCI report for David C. Boyles?
GLACIER BANCORP reported that director David C. Boyles received a grant of 1,463 shares of common stock. The shares were issued at no cash cost as part of a Restricted Stock Award Plan that vests immediately upon grant.
Was the GBCI insider transaction a market purchase or a stock award?
The GBCI insider transaction for David C. Boyles was a stock award, not a market purchase. He acquired 1,463 common shares through a Restricted Stock Award Plan, with a reported price of zero dollars per share and immediate vesting.
What does immediate vesting mean for the GBCI restricted stock award?
Immediate vesting means the 1,463 restricted shares awarded to David C. Boyles become fully his right away. There is no waiting period, so he gains full ownership and rights in the shares as soon as they are granted.
What is the transaction code used in the GBCI Form 4 for Boyles?
The Form 4 for GBCI shows transaction code A for David C. Boyles. Code A indicates a grant, award, or other acquisition of common stock, matching the restricted stock award of 1,463 shares that vested immediately at a reported price of zero.