Form 4: Ameris Bancorp Director James B. Miller Jr. Reports Acquisition of Common Stock

Director James B. Miller Jr. reports acquiring 1,786 shares of Ameris Bancorp common stock through a restricted stock grant.

Summary

• On June 6, 2024, James B. Miller Jr., a director of Ameris Bancorp, acquired 1,786 shares of common stock.
• The acquisition was a restricted stock grant under the Ameris Bancorp 2021 Omnibus Equity Compensation Plan.
• The restricted stock vests on the earlier of June 6, 2025, or the date of the 2025 annual shareholders' meeting.
• Following the transaction, Miller directly owns 1,661,384 shares of Ameris Bancorp common stock.
• Miller also has indirect ownership through a limited partnership (212,922.4364 shares), a trust related to his spouse's estate (96,576.7166 shares), a foundation (239,953 shares), a 401(k) (22.8949 shares), and a grandchild's account (10,692.8723 shares).
• The total direct holdings include an additional 95.638148 shares acquired through an employee stock purchase plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally viewed as a positive sign, but it's a routine transaction.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock grant vests on the earlier of June 6, 2025, or the date of the 2025 annual shareholders' meeting, indicating a future commitment from the director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates