Form 4: Ameris Bancorp CFO Nicole Stokes Reports Stock Transaction
SEC Form 4 Filing
Nicole Stokes, CFO of Ameris Bancorp, reports the withholding of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On February 24, 2024, Nicole Stokes, CFO of Ameris Bancorp, had 1,683 shares of common stock withheld to cover tax obligations.
- This withholding occurred due to the vesting of 3,753 shares of common stock that were originally awarded on February 24, 2022, and February 24, 2023.
- The price per share for the transaction was $45.88.
- Following the transaction, Stokes directly owns 41,155 shares of Ameris Bancorp common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is neither particularly positive nor negative. It's a standard part of corporate governance and transparency.
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 is managing her equity compensation and tax obligations.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Original award date of some of the common stock that vested. |
| 02/24/2023 | Original award date of some of the common stock that vested. |
| 02/24/2024 | Date of the stock transaction (tax withholding) and vesting of shares. |
| 02/27/2024 | Date of the Form 4 filing. |
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