Southern First (NASDAQ: SFST) director receives 310-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SOUTHERN FIRST BANCSHARES INC director Rudolph G. Johnstone III reported a compensation-related equity grant. He acquired 310 shares of Common Stock in the form of restricted stock units at no cash cost, increasing his direct holdings to 30,676 shares after the transaction.
The footnote explains that these restricted stock units will fully vest on June 1, 2027, meaning they are subject to a service-based vesting period before becoming fully transferable. This is a routine grant/award acquisition rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JOHNSTONE RUDOLPH G III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 310 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,676 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock unit grant: 310 shares
Grant price: $0.0000 per share
Holdings after transaction: 30,676 shares
+1 more
4 metrics
Restricted stock unit grant
310 shares
Grant of Common Stock via restricted stock units
Grant price
$0.0000 per share
Equity award, not open-market purchase
Holdings after transaction
30,676 shares
Total direct Common Stock ownership after grant
Vesting date
June 1, 2027
Restricted stock units fully vest on this date
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 restricted stock units granted to the SFST director vest?
The restricted stock units will fully vest on June 1, 2027. Until that vesting date, the award remains subject to the applicable vesting conditions, typically continued service, before becoming fully earned and transferable by the reporting person.
What are Rudolph G. Johnstone III’s SFST holdings after this transaction?
Following the grant, he directly holds 30,676 shares of Common Stock. This total includes the newly awarded 310 restricted stock units, giving investors a clearer view of his overall direct equity position in Southern First Bancshares after the reported transaction.
Was this SFST Form 4 transaction an open-market buy or sell?
No. The Form 4 shows a grant coded as “A” for an acquisition by award, with 310 restricted stock units at $0.0000 per share. This reflects stock-based compensation, not a discretionary open-market purchase or sale of Southern First Bancshares shares.