Southern First (SFST) director receives 310-share restricted stock award
Rhea-AI Filing Summary
COTHRAN MARK A reported acquisition or exercise transactions in this Form 4 filing.
Southern First Bancshares director Mark A. Cothran received an equity award of 310 shares tied to restricted stock units. The grant was made at a stated price of $0.00 per share as a form of compensation, not an open-market purchase.
According to the filing footnote, these restricted stock units will fully vest on June 1, 2027, meaning Mr. Cothran earns the shares over time. After this award, he directly holds a total of 100,386 shares of common stock, so the grant represents a small incremental increase in his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 310 | $0.00 | -- |
Footnotes (1)
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Key Figures
Key Terms
restricted stock units financial
fully vest financial
grant, award, or other acquisition financial
FAQ
What insider transaction did Southern First (SFST) report for Mark A. Cothran?
Southern First reported that director Mark A. Cothran received an award of 310 shares of common stock through restricted stock units. The award is compensation-based and was not an open-market stock purchase or sale.
When do Mark A. Cothran’s new SFST restricted stock units vest?
The footnote states that the restricted stock units granted to Mark A. Cothran will fully vest on June 1, 2027. Vesting means he will earn the underlying shares if he meets the service conditions through that date.
Was the SFST insider transaction a buy or sell in the open market?
No, the SFST insider transaction was not an open-market buy or sell. It is classified as a grant or award acquisition, reflecting restricted stock unit compensation rather than a discretionary stock trade.