Form 4: Ameris Bancorp Director James B. Miller Jr. Reports Share Transfer and Corrections in Beneficial Ownership

Director James B. Miller Jr. of Ameris Bancorp reported a charitable donation of 45,000 shares and corrections to previously reported holdings.

Summary

• James B. Miller Jr., a director at Ameris Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The filing reports a charitable donation of 45,000 common shares, with no payment received by Mr. Miller.
• The report also includes corrections to previously reported holdings, reducing the total by 16.55 shares due to a prior error.
• Additionally, 10,692.8723 shares previously reported as indirectly held through a grandchild's account are removed as Mr. Miller is no longer the custodian.
• After these transactions, Mr. Miller's total beneficial ownership includes direct holdings and indirect holdings through a foundation, limited partnership, spouse's estate trust, and a 401(k) plan.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, with no significant positive or negative implications. The corrections are minor and do not indicate any major issues.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is a standard practice in the financial industry.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for corporate insiders in the US, ensuring transparency in their transactions.
• The reported transactions are typical for directors and officers of publicly traded companies.
• The corrections to previously reported holdings are not uncommon and demonstrate the importance of accurate record-keeping.

Stakeholder Impact

• The charitable donation has no direct impact on shareholders, employees, customers, suppliers, or creditors.
• The corrections to previously reported holdings ensure accurate information for stakeholders.

Key Dates

Keywords

beneficial ownership, Form 4, Ameris Bancorp, director, share transfer, charitable donation, stock holdings, ABCB