Form 4: Ameris Bancorp CFO Nicole Stokes Reports Stock Transactions
SEC Form 4 Filing
Nicole Stokes, CFO of Ameris Bancorp, reports acquisition and disposal of common stock related to stock grants and tax withholding obligations.
Summary
- On February 20, 2025, Nicole Stokes, CFO of Ameris Bancorp, acquired 11,753 shares of common stock related to a performance stock unit award.
- On the same day, 5,271 shares were disposed of to cover tax withholding obligations at a price of $64.84 per share.
- Stokes also acquired 3,702 shares of common stock on February 20, 2025, which will vest in three equal installments on February 21 of 2026, 2027, and 2028.
- On February 21, 2025, 774 shares were disposed of to satisfy tax withholding obligations related to the vesting of shares awarded on February 21, 2024, at a price of $63.46 per share.
- Following these transactions, Stokes beneficially owns 50,566 shares of Ameris Bancorp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports routine stock transactions related to compensation and tax obligations. There are no explicit positive or negative indicators for the company's overall performance.
Positives
- The stock grants to the CFO may align her interests with those of the shareholders.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the executive's holdings and any recent changes.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- Similar filings are made by executives at comparable regional banks like Synovus and Truist, detailing their stock ownership and transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock.
Key Dates
| Date | Description |
|---|---|
| February 24, 2022 | Original grant date of performance stock unit award. |
| February 21, 2024 | Original award date of shares that vested on February 21, 2025. |
| February 20, 2025 | Date of stock grant and tax withholding transactions. |
| February 21, 2025 | Date of tax withholding transaction related to vesting shares. |
| February 21, 2026 | First vesting date for 1,234 shares from the February 20, 2025 grant. |
| February 21, 2027 | Second vesting date for 1,234 shares from the February 20, 2025 grant. |
| February 21, 2028 | Third vesting date for 1,234 shares from the February 20, 2025 grant. |
| February 24, 2025 | Date of signature on the Form 4 filing. |
Keywords
Ameris Bancorp, Nicole Stokes, CFO, stock grant, Form 4, tax withholding, beneficial ownership, ABCB
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