Director of Southern First (SFST) receives 310-share restricted stock grant and reports IRA holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ORDERS JAMES B III reported acquisition or exercise transactions in this Form 4 filing.
Southern First Bancshares director James B. Orders III reported a compensation-related equity grant. He received 310 shares of common stock in the form of restricted stock units, with no cash price, bringing his directly held shares to 54,526. The footnote states these restricted stock units will fully vest on June 1, 2027. The filing also lists indirect holdings in IRAs totaling 392 shares in his wife's IRA and 2,884 shares in another IRA, which are shown as updated holdings rather than explicit new purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
ORDERS JAMES B III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 310 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 54,526 shares (Direct, null);
Common Stock — 2,884 shares (Indirect, Purchased by IRA)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 310 shares
Grant price per share: $0.0000/share
Direct holdings after grant: 54,526 shares
+3 more
6 metrics
RSU grant size
310 shares
Restricted stock units of common stock granted to director
Grant price per share
$0.0000/share
Reported price for RSU grant
Direct holdings after grant
54,526 shares
Common stock directly owned after RSU grant
Wife's IRA holdings
392 shares
Indirect ownership through wife’s IRA after transaction
IRA holdings
2,884 shares
Indirect ownership through IRA after transaction
RSU vesting date
June 1, 2027
Restricted stock units will fully vest on this date
Key Terms
restricted stock units, indirect ownership, IRA, Form 4
4 terms
restricted stock units financial
"Represents grant of restricted stock units which will fully vest on June 1, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
indirect ownership financial
"total_shares_following_transaction 392.0000, direct_or_indirect I, nature_of_ownership Wife's IRA"
IRA financial
"nature_of_ownership Wife's IRA and Purchased by IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
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.
