GNTY Form 4: Chairman disposed of 140,882 shares in Glacier merger
Rhea-AI Filing Summary
Tyson T. Abston, Chairman and CEO of Guaranty Bancshares, Inc. (GNTY), reported on Form 4 that he disposed of a total of 140,882 shares of Guaranty common stock on 10/01/2025 pursuant to the Plan and Agreement of Merger dated June 24, 2025 with Glacier Bancorp, Inc. The filing shows 101,000 shares were exchanged for Glacier common stock valued at $48.75 per share, and an additional 39,882 shares were exchanged for Glacier common stock at the same per‑share market value. After these reported disposals, the Form 4 lists 0 shares beneficially owned directly by the reporting person for the disposed holdings.
Positive
- None.
Negative
- None.
Insights
Insider exchanged 140,882 GNTY shares under the merger for Glacier stock priced at $48.75.
The Form 4 records that Tyson T. Abston, identified as Chairman and CEO, disposed of 101,000 shares and 39,882 shares on 10/01/2025 under the Merger Agreement dated June 24, 2025.
This transaction was an in‑kind exchange rather than open‑market sales: the shares were transferred pursuant to the merger terms in exchange for Glacier common stock valued at $48.75 per share on the merger's effective date.
The filing shows the reporting person's direct beneficial ownership for the reported lots reduced to 0, which is immediately verifiable and material to ownership disclosure; monitor filings for any subsequent reports showing receipt or disposition of Glacier shares.
FAQ
What did Tyson T. Abston report on Form 4 for GNTY?
What consideration was received for the GNTY shares?
What is Tyson Abston’s role at GNTY as stated in the filing?
When was the Merger Agreement executed according to the Form 4?
After the reported transactions, how many GNTY shares does the reporting person directly own for these lots?