Southern First Bancshares (SFST) director gets 310-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SOUTHERN FIRST BANCSHARES INC director William Maner IV reported an equity award on a Form 4. He received 310 shares of common stock in the form of restricted stock units at no cost, which will fully vest on June 1, 2027. Following this grant, he directly holds 3,895 shares. This is a routine compensation-related acquisition, not an open‑market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Maner William IV
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 310 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,895 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 310 shares
Grant price: $0.00 per share
Holdings after grant: 3,895 shares
+2 more
5 metrics
RSU grant size
310 shares
Restricted stock units granted to director William Maner IV
Grant price
$0.00 per share
Compensation-related equity award, not a market purchase
Holdings after grant
3,895 shares
Total common stock directly held following the transaction
Vesting date
June 1, 2027
Date when the 310 restricted stock units fully vest
Transaction date
June 1, 2026
Date of grant reported on Form 4
Key Terms
restricted stock units, Form 4, transaction code "A", director
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.
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.
transaction code "A" financial
"transaction_code": "A", "transaction_code_description": "Grant, award, or other acquisition""
director financial
""is_director": 1, "is_officer": 0"
FAQ
Was the SFST insider transaction a stock purchase or a grant?
The SFST insider transaction was a grant, not a market purchase. William Maner IV received 310 restricted stock units as a compensation award, coded as “A” for grant or award, with a zero-dollar price per share.
When do the restricted stock units granted to the SFST director vest?
The 310 restricted stock units granted to the SOUTHERN FIRST BANCSHARES director will fully vest on June 1, 2027. Vesting means the units convert into unrestricted shares the director can own without service-based conditions.
What does transaction code "A" mean in the SFST Form 4 filing?
Transaction code “A” in the SFST Form 4 indicates a grant, award, or other acquisition of securities. Here, it reflects a compensation grant of 310 restricted stock units to director William Maner IV rather than an open-market stock purchase.