ServisFirst (NASDAQ: SFBS) grants director 788 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cashio J. Richard reported acquisition or exercise transactions in this Form 4 filing.
ServisFirst Bancshares director J. Richard Cashio received a grant of 788 shares of Common Stock as compensation. The award is restricted stock that vests 100% one year from the award date. Following this grant, he holds 398,613 shares directly, plus indirect holdings reported as 28,752 shares by his daughter and 98,700 shares by his wife.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Cashio J. Richard
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 788 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 398,613 shares (Direct, null);
Common Stock — 98,700 shares (Indirect, By Wife)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock granted: 788 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 398,613 shares
+2 more
5 metrics
Restricted stock granted
788 shares
Grant/award acquisition of Common Stock
Grant price per share
$0.0000 per share
Reported grant price for restricted stock
Direct holdings after grant
398,613 shares
Total direct Common Stock held after transaction
Indirect holdings by daughter
28,752 shares
Common Stock reported as held by daughter
Indirect holdings by wife
98,700 shares
Common Stock reported as held by wife
Key Terms
restricted stock, grant/award acquisition, indirect ownership, Form 4
4 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.
grant/award acquisition financial
"transaction_action: grant/award acquisition for 788 Common Stock shares"
indirect ownership financial
"ownership_type: indirect with nature of ownership listed as By Daughter and By Wife"
Form 4 regulatory
"INSIDER FILING DATA (Form 4) for ServisFirst Bancshares, Inc."
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 ServisFirst (SFBS) report for J. Richard Cashio?
ServisFirst reported that director J. Richard Cashio received a grant of 788 shares of Common Stock. The filing shows this as a compensation-related award rather than an open-market purchase or sale, with no cash price per share listed for the grant.
Was the ServisFirst (SFBS) Form 4 transaction a buy or a sale?
The Form 4 does not report a buy or sale in the open market. Instead, it shows an “A” code transaction, meaning a grant or award acquisition of 788 restricted shares, with no purchase price and no reported disposition of existing shares.