Director at ISABELLA BANK CORP (ISBA) receives small 7-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tessin Brian B reported acquisition or exercise transactions in this Form 4 filing.
ISABELLA BANK CORP director Brian B. Tessin received a grant of 7 shares of common stock at $41.49 per share. This compensation-related award increased his directly held position to 1,062 common shares, representing a small, routine change in his overall ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tessin Brian B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | common | 7 | $41.49 | $290.43 |
Holdings After Transaction:
common — 1,062 shares (Direct, null)
Footnotes (1)
Key Figures
Shares granted: 7 shares
Grant price: $41.49 per share
Post-transaction holdings: 1,062 shares
3 metrics
Shares granted
7 shares
Grant, award, or other acquisition of common stock
Grant price
$41.49 per share
Reported transaction price per share for the awarded common stock
Post-transaction holdings
1,062 shares
Total common shares directly held after the grant
Key Terms
Grant, award, or other acquisition, non-derivative, Form 4
3 terms
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
non-derivative financial
"transaction_type: "non-derivative""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did ISABELLA BANK CORP (ISBA) report for Brian B. Tessin?
ISABELLA BANK CORP reported that director Brian B. Tessin received a grant of 7 common shares. The award was recorded at $41.49 per share and classified as a grant, award, or other acquisition rather than an open-market purchase.
Was Brian B. Tessin’s ISBA transaction an open-market buy or a grant?
The transaction was a grant, not an open-market buy. It is coded as a “Grant, award, or other acquisition,” indicating compensation-related shares rather than a discretionary purchase in the public market.