Southern First (NASDAQ: SFST) HR chief receives stock grant with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern First Bancshares reported insider equity compensation activity for Chief Human Resources Officer Silvia T. King. She received a grant of 700 shares of common stock as restricted stock units that vest equally over four years, and 296 shares were withheld to cover tax obligations upon vesting. After these transactions, she directly owns 3,963 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
King Silvia T
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 700 | $0.00 | -- |
| Tax Withholding | Common Stock | 296 | $54.94 | $16K |
Holdings After Transaction:
Common Stock — 4,259 shares (Direct)
Footnotes (1)
- Represents grant of restricted stock units. The restricted stock vests equally over four years. Reflects shares of Issuer's common stock withheld to satisfy tax withholding obligations upon vesting of restricted stock units and awards.
FAQ
What insider transactions did SFST executive Silvia T. King report?
Silvia T. King reported receiving 700 shares of Southern First Bancshares common stock as a restricted stock unit award, with 296 shares withheld to satisfy tax obligations upon vesting, resulting in direct ownership of 3,963 shares after the transactions.
Was the SFST Form 4 transaction a stock purchase or sale?
The Form 4 shows an equity award and tax withholding, not an open-market trade. King acquired 700 shares through a restricted stock unit grant and disposed of 296 shares solely to cover tax withholding tied to the vesting event.
What are the vesting terms of Silvia T. King’s SFST restricted stock units?
The filing states that the 700-share restricted stock unit grant to Silvia T. King vests equally over four years. This means the award becomes fully owned in stages across four annual vesting dates, subject to applicable conditions.
What do the transaction codes A and F mean in the SFST Form 4?
Code A indicates a grant or award acquisition of securities, here 700 restricted stock units. Code F indicates a disposition of shares to pay an exercise price or tax liability, here 296 shares withheld to cover tax obligations on vesting.