Form 4: Affinity Bancshares SVP Chief Financial Officer, Brandi C. Pajot, Reports Stock Transaction
SEC Form 4 Filing
Brandi C. Pajot, SVP Chief Financial Officer of Affinity Bancshares, Inc., reports the disposition of 275 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On July 28, 2024, Brandi C. Pajot, the SVP Chief Financial Officer of Affinity Bancshares, Inc. (AFBI), reported a transaction involving the disposition of 275 shares of common stock at a price of $21.23.
- This transaction was related to the satisfaction of tax obligations arising from the vesting of restricted stock.
- Following the transaction, Pajot directly owns 23,011 shares of common stock and indirectly owns 2,269 shares through an ESOP.
- Pajot also holds options to purchase 43,602 shares of common stock at exercise prices ranging from $7.77 to $14.85, which vest over time.
Sentiment
Score: 5
Explanation: This is a routine disclosure of an insider transaction, specifically to cover tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that the CFO sold shares to cover tax obligations related to vesting restricted stock, a common practice.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/30/2021 | Commencement date for vesting of 13,602 stock options at a rate of 20% per year. |
| 07/01/2023 | Commencement date for vesting of 10,000 stock options at a rate of 20% per year. |
| 03/21/2024 | Commencement date for vesting of 10,000 stock options at a rate of 20% per year. |
| 07/28/2024 | Date of transaction: Disposition of 275 shares of common stock. |
| 11/16/2024 | Commencement date for vesting of 10,000 stock options at a rate of 20% per year. |
| 04/30/2030 | Expiration date for 13,602 stock options. |
| 07/01/2032 | Expiration date for 10,000 stock options. |
| 03/21/2033 | Expiration date for 10,000 stock options. |
| 11/16/2033 | Expiration date for 10,000 stock options. |
| 07/30/2024 | Date of report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.