USCB (USCB) SVP Sergio Garrido awarded 15,000 restricted shares and holds options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
USCB Financial Holdings, Inc. senior vice president and chief credit officer Sergio E. Garrido reported a compensation-related equity grant. He received 15,000 shares of Class A voting common stock as restricted stock that vest on July 6, 2029, increasing his direct holdings to 25,197 shares of common stock. He also reports an existing option to purchase Class A voting common stock for 6,000 underlying shares at an exercise price of $8.75 per share, which vests in thirds starting February 26, 2022 and expires on February 26, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Garrido Sergio E.
Role
SVP, Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Voting Common Stock | 15,000 | $0.00 | -- |
| holding | Option to Purchase Class A Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Voting Common Stock — 25,197 shares (Direct, null);
Option to Purchase Class A Voting Common Stock — 6,000 shares (Direct, null)
Footnotes (1)
- Represents the grant of 15,000 shares of restricted stock which vest on July 6, 2029. Includes 405 shares of restricted stock from a grant of 1,215 shares which commenced vesting at a rate of one-third per year on January 22, 2025, 1,724 shares of restricted stock from a grant of 2,587 shares which commenced vesting at a rate of one-third per year on January 21, 2026, and a grant of 2,674 shares which commence vesting at a rate of one-third per year on January 27, 2027. The options vested at a rate of one-third per year commencing on February 26, 2022.
Key Figures
Restricted stock grant: 15,000 shares
Shares held after grant: 25,197 shares
Option exercise price: $8.75/share
+4 more
7 metrics
Restricted stock grant
15,000 shares
Class A Voting Common Stock granted at $0.00 per share
Shares held after grant
25,197 shares
Total Class A Voting Common Stock directly owned after transaction
Option exercise price
$8.75/share
Option to purchase Class A Voting Common Stock
Option underlying shares
6,000 shares
Underlying Class A Voting Common Stock for reported option
Restricted grant vesting date
July 6, 2029
Vesting date for 15,000-share restricted stock grant
Option expiration date
February 26, 2031
Expiration of option to purchase Class A Voting Common Stock
Prior restricted grants vesting
1,215; 2,587; 2,674 shares
Grants vesting one-third annually starting Jan 22, 2025; Jan 21, 2026; Jan 27, 2027
Key Terms
restricted stock, vesting, Option to Purchase Class A Voting Common Stock, exercise price, +1 more
5 terms
restricted stock financial
"Represents the grant of 15,000 shares of restricted stock which vest on July 6, 2029."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vesting financial
"which commenced vesting at a rate of one-third per year on January 22, 2025"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Option to Purchase Class A Voting Common Stock financial
"Option to Purchase Class A Voting Common Stock at an exercise price of 8.7500"
exercise price financial
"exercisePrice": "8.7500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expirationDate": "2031-02-26T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What did USCB SVP Sergio Garrido report in this Form 4 for USCB?
Sergio E. Garrido reported a grant of 15,000 restricted shares. These Class A voting common shares were awarded at no cash cost and represent compensation, adding to his existing equity position in USCB Financial Holdings, Inc.
What option position does Sergio Garrido report in USCB stock?
He reports an option to purchase 6,000 USCB Class A shares. The option has an exercise price of $8.75 per share, began vesting in one-third increments from February 26, 2022, and expires on February 26, 2031.
Are there other restricted stock grants mentioned for Sergio Garrido at USCB?
Yes, the filing notes several earlier restricted stock grants. These include 405 shares from a 1,215-share grant, 1,724 shares from a 2,587-share grant, and a 2,674-share grant, each vesting in one-third annual installments starting in 2025, 2026, and 2027.