Director at Southern First Bancshares (NASDAQ: SFST) receives 310 RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CUBBAGE LEIGHTON M reported acquisition or exercise transactions in this Form 4 filing.
SOUTHERN FIRST BANCSHARES INC director Leighton M. Cubbage received an equity award rather than buying shares on the market. He was granted 310 restricted stock units that carry no purchase price and will fully vest on June 1, 2027.
After this grant, he holds a total of 51,480 shares of Common Stock in direct ownership. This filing reflects routine compensation in stock-based form and does not report any open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CUBBAGE LEIGHTON M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 310 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,480 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 310 restricted stock units
Grant price: $0.0000 per unit
Post-transaction holdings: 51,480 shares
+1 more
4 metrics
Equity award size
310 restricted stock units
Grant to director on June 1, 2026
Grant price
$0.0000 per unit
Restricted stock units granted at no cash cost
Post-transaction holdings
51,480 shares
Common Stock directly owned after the grant
Vesting date
June 1, 2027
Restricted stock units fully vest on this date
Key Terms
restricted stock units, Common Stock, Grant, award, or other acquisition
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.
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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did SFST director Leighton Cubbage report?
Leighton M. Cubbage reported receiving an equity award of 310 restricted stock units. The units were granted at no cost as stock-based compensation and are scheduled to vest in the future, increasing his direct equity stake in Southern First Bancshares.
When will the newly granted SFST restricted stock units vest?
The 310 restricted stock units granted to the director will fully vest on June 1, 2027. Vesting means the units convert into shares of Common Stock for the insider if he remains eligible through that date.
What does transaction code "A" mean in the SFST Form 4 filing?
Transaction code "A" in this context indicates a grant, award, or other acquisition of equity. For SFST, it reflects the director’s receipt of 310 restricted stock units as stock-based compensation, not a cash purchase of shares.