Form 4: Ameris Bancorp CEO H. Palmer Proctor Jr. Reports Stock Transactions
SEC Form 4 Filing
H. Palmer Proctor Jr., CEO of Ameris Bancorp, reports stock grants, disposals for tax obligations, and vesting of shares.
Summary
- H. Palmer Proctor Jr., CEO of Ameris Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On February 20, 2025, Proctor acquired 39,176 shares of common stock and 17,274 shares of common stock.
- Also on February 20, 2025, 17,567 shares were disposed of to cover tax withholding obligations at a price of $64.84 per share.
- On February 21, 2025, 3,608 shares were disposed of to cover tax withholding obligations at a price of $63.46 per share.
- Following these transactions, Proctor directly owns 351,725.0109 shares of common stock.
- Proctor also indirectly owns 22,767.6986 shares through a 401(k), 22,267.7379 shares through children, and 17,977.9594 shares through a spouse.
- The stock grants are related to the Ameris Bancorp 2021 Omnibus Equity Compensation Plan.
- 5,758 shares vest on February 21, 2026; 5,758 shares vest on February 21, 2027; and 5,758 shares vest on February 21, 2028.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and insider trading reporting, suggesting a neutral to slightly positive sentiment due to continued alignment of management and shareholder interests.
Positives
- The stock grants indicate continued alignment of the CEO's interests with those of the shareholders.
Future Outlook
The document outlines future vesting dates for granted shares, indicating a continued equity stake for the CEO.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Original grant date of performance stock unit award. |
| 02/21/2024 | Original award date of 8,046 shares of common stock. |
| 02/20/2025 | Date of stock grant and tax withholding. |
| 02/21/2025 | Date of tax withholding and vesting of shares. |
| 02/21/2026 | Vesting date of 5,758 shares. |
| 02/21/2027 | Vesting date of 5,758 shares. |
| 02/21/2028 | Vesting date of 5,758 shares. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Ameris Bancorp, ABCB, H. Palmer Proctor Jr., Stock Transactions, Form 4, Beneficial Ownership, CEO, Stock Grant, Tax Withholding
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.