Restricted stock grant lifts ServisFirst (SFBS) director’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smith Hatton C.V. reported acquisition or exercise transactions in this Form 4 filing.
ServisFirst Bancshares director Smith Hatton C.V. received an equity award of 788 shares of Common Stock as a grant under the company’s compensation program. The shares were granted at no cash cost and are classified as restricted stock.
According to the footnote, the restricted shares vest 100% one year from the award date. After this award, Hatton directly owns 412,150 shares of ServisFirst Bancshares common stock, reflecting his total reported direct holdings following the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Hatton C.V.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 788 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 412,150 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 788 shares
Grant price: $0.0000 per share
Shares after transaction: 412,150 shares
+1 more
4 metrics
Restricted stock grant
788 shares
Common Stock awarded to director on May 18, 2026
Grant price
$0.0000 per share
Equity award issued at no cash cost to director
Shares after transaction
412,150 shares
Director’s direct Common Stock holdings following the grant
Vesting schedule
100% after one year
Restricted shares vest one year from award date
Key Terms
restricted stock, vest, Form 4
3 terms
restricted stock financial
"Shares awarded are restricted stock which vest 100% in one year"
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.
vest financial
"restricted stock which vest 100% in one year from the award date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 regulatory
"reported in a Form 4 insider transaction for ServisFirst Bancshares"
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
Was the ServisFirst (SFBS) stock grant to the director an open-market purchase?
No. The 788 shares reported were granted as a director equity award at a price of $0.0000 per share. This indicates compensation-related issuance by the company rather than an open-market purchase executed on a stock exchange.