Southern First (NASDAQ: SFST) director receives 310-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern First Bancshares director Hooper Tecumseh Jr received an equity compensation award of 310 shares of Common Stock in the form of restricted stock units at a price of $0.00 per share. These units will fully vest on June 1, 2027, meaning they convert into shares if he remains eligible until that date.
After this grant, he directly holds 43,192 shares of Southern First Bancshares common stock. This is a compensation-related award, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HOOPER TECUMSEH JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 310 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 43,192 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 310 shares
Grant price: $0.00 per share
Post-transaction holdings: 43,192 shares
+1 more
4 metrics
RSU grant size
310 shares
Restricted stock unit grant of Common Stock
Grant price
$0.00 per share
Price per share for RSU grant
Post-transaction holdings
43,192 shares
Total Common Stock directly held after grant
Vesting date
June 1, 2027
Date RSUs fully vest into shares
Key Terms
restricted stock units, Grant, award, or other acquisition, Common Stock
3 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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
When do the newly granted restricted stock units for SFST’s director vest?
The restricted stock units granted to the Southern First Bancshares director will fully vest on June 1, 2027. Vesting means the 310 units convert into Common Stock shares if vesting conditions, typically continued service, are satisfied through that date.