LINKBANCORP EVP has 5,775 shares withheld for taxes
LINKBANCORP, Inc. executive Brent S. Smith had 5,775 shares of common stock withheld to cover taxes on vested restricted stock.
Rhea-AI Filing Summary
LINKBANCORP, Inc. executive Brent S. Smith had 5,775 shares of common stock withheld to cover taxes on vested restricted stock. The shares were disposed of to satisfy his tax obligation and were not an open-market sale.
After this tax-withholding disposition, he directly owns 50,191 shares of common stock and indirectly holds 35,000 shares through an IRA. He also holds warrants covering 240,000 shares of common stock and stock options covering 40,000 shares, each with a $10.00 exercise price and expirations in 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 5,775 shares
Exercise Price or Tax Liability
4 txns
Insider
Smith Brent S.
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,775 | $8.71 | $50K |
| holding | Stock Options | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 50,191 shares (Direct);
Stock Options — 40,000 contracts (Direct);
Warrants — 240,000 contracts (Direct);
Common Stock — 35,000 shares (Indirect, By IRA)
Footnotes (2)
- F1. The 5,775 shares of common stock disposed of represent a portion of the shares issued to the reporting person upon vesting of restricted stock. The shares disposed of were withheld to satisfy the reporting person's tax obligation.
- F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Key Figures
Tax-withheld shares: 5,775 shares
Tax-withholding price: $8.71 per share
Direct common shares after transaction: 50,191 shares
+3 more
6 metrics
Tax-withheld shares
5,775 shares
Common stock disposed of to satisfy tax obligation on vested restricted stock
Tax-withholding price
$8.71 per share
Price applied to 5,775 common shares withheld for taxes
Direct common shares after transaction
50,191 shares
Direct LINKBANCORP common stock holdings following tax-withholding disposition
Indirect IRA holdings
35,000 shares
Common stock held indirectly by IRA as of reported date
Warrants underlying shares
240,000 shares
Common stock underlying warrants at $10.00 exercise price, expiring 2029-01-03
Stock options underlying shares
40,000 shares
Common stock underlying options at $10.00 exercise price, expiring 2029-06-14
Key Terms
restricted stock, tax obligation, Warrants, Stock Options, +1 more
5 terms
restricted stock financial
"shares issued to the reporting person upon vesting of restricted stock"
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.
tax obligation financial
"shares disposed of were withheld to satisfy the reporting person's tax obligation"
Warrants financial
"Warrants, underlying 240000.0000 shares of Common Stock"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
Stock Options financial
"Stock Options with underlying 40000.0000 shares of Common Stock"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Section 16 regulatory
"transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LINKBANCORP (LNKB) EVP Brent S. Smith report in this Form 4?
Brent S. Smith reported that 5,775 LINKBANCORP common shares were disposed of to cover taxes on vested restricted stock. These shares were withheld by the company, not sold on the open market, as part of routine tax-settlement mechanics for equity compensation.
What derivative positions in LNKB does Brent S. Smith retain after this Form 4?
Brent S. Smith retains warrants over 240,000 shares of LINKBANCORP common stock and stock options over 40,000 shares. Both instruments have a $10.00 exercise price and expire in 2029, indicating a substantial remaining derivative-based exposure alongside his direct and indirect shareholdings.
What does the tax-withholding code F mean in the LNKB Form 4 filing?
Code F in the filing indicates a disposition of shares to pay an exercise price or tax liability. Here, 5,775 shares of LINKBANCORP common stock were withheld to satisfy Brent S. Smith’s tax obligation tied to restricted stock vesting, not a voluntary market sale of shares.
How does this Form 4 affect the interpretation of LNKB insider activity?
This Form 4 primarily reflects routine tax withholding on restricted stock vesting for Brent S. Smith. With no open-market buys or sells reported and significant derivative holdings remaining, it mainly updates ownership records rather than signaling a change in insider sentiment toward LINKBANCORP.
AI-generated analysis. How Rhea-AI works. Not financial advice.
