Form 4: Ameris Bancorp CFO Nicole Stokes Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Nicole Stokes, CFO of Ameris Bancorp, reported the disposal of shares to cover tax withholding obligations related to vesting stock awards.
Summary
- On February 24, 2025, Nicole Stokes, CFO of Ameris Bancorp, disposed of 940 shares of common stock at $63.18 to cover tax obligations from the vesting of 2,096 shares awarded on February 24, 2022.
- Additionally, Stokes disposed of 743 shares of common stock at $63.18 to cover tax obligations from the vesting of 1,657 shares awarded on February 24, 2023.
- Following these transactions, Stokes directly owns 48,883 shares of Ameris Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Executive compensation practices, including stock awards and tax withholding, are common across publicly traded companies.
- Companies like JPMorgan Chase & Co., Bank of America Corp., and Citigroup Inc. also utilize stock-based compensation for their executives, and these transactions are similarly reported via Form 4 filings.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the disposal of shares to cover tax obligations, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Original award date of 2,096 shares of common stock. |
| 02/24/2023 | Original award date of 1,657 shares of common stock. |
| 02/24/2025 | Date of stock disposal to cover tax obligations and vesting of shares. |
| 02/26/2025 | Date of signature of the Form 4 filing. |
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