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 the withholding of shares to cover tax obligations upon vesting of previously awarded stock.
Summary
- On February 24, 2025, H. Palmer Proctor Jr., CEO of Ameris Bancorp, reported transactions involving Ameris Bancorp common stock.
- The transactions involved the withholding of 3,133 shares at $63.18 per share to cover tax obligations from the vesting of 6,987 shares awarded on February 24, 2022.
- An additional 3,220 shares were withheld at $63.18 per share to cover tax obligations from the vesting of 7,179 shares awarded on February 24, 2023.
- Following these transactions, Proctor directly owns 348,592.0109 shares and 345,898.2725 shares of Ameris Bancorp common stock.
- Proctor also indirectly owns 23,037.9677 shares through a 401(k), 22,531.6092 shares through his children, and 17,977.9594 shares through his spouse.
Sentiment
Score: 6
Explanation: The document reflects routine transactions related to executive compensation and does not indicate any significant positive or negative sentiment. It's a neutral reporting of required information.
Positives
- The CEO's continued stock ownership, both directly and indirectly, signals ongoing investment in the company's future.
- Participation in employee stock purchase and dividend reinvestment plans demonstrates confidence in the company's performance.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders and is a normal part of corporate governance.
Comparison to Industry Standards
- SEC Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
- Similar filings are made by executives at comparable regional banks like Synovus Financial Corp and Truist Financial Corp, detailing their stock transactions.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they primarily involve the withholding of shares for tax purposes.
- The report provides transparency to stakeholders regarding the CEO's stock ownership and transactions.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Original award date of 6,987 shares of common stock that vested on February 24, 2025. |
| 02/24/2023 | Original award date of 7,179 shares of common stock that vested on February 24, 2025. |
| 02/24/2025 | Date of stock transactions (withholding of shares for tax obligations) and vesting of previously awarded shares. |
| 02/26/2025 | Date of signature for the SEC Form 4 filing. |
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