Form 4: Ameris Bancorp Executive Douglas Strange Reports Stock Grant and Tax Withholding
SEC Form 4 Filing
Douglas Strange, Chief Credit Officer of Ameris Bancorp, reports the acquisition of shares through a stock grant and the disposal of shares to cover tax obligations.
Summary
- Douglas Strange, Chief Credit Officer of Ameris Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On February 20, 2025, Strange acquired 3,085 shares of common stock through a stock grant at $0.
- These shares vest in three tranches: 1,028 shares on February 21, 2026; 1,028 shares on February 21, 2027; and 1,029 shares on February 21, 2028.
- On February 21, 2025, Strange disposed of 387 shares at $63.46 to satisfy tax withholding obligations related to the vesting of 862 shares awarded on February 21, 2024.
- Following these transactions, Strange directly owns 19,209 shares and indirectly owns 205 shares through a spouse.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine executive compensation practices.
Positives
- The stock grant indicates confidence in Ameris Bancorp's future performance.
Future Outlook
The stock grant vests over three years, suggesting a long-term incentive for the executive.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions.
Comparison to Industry Standards
- Stock grants are a common form of executive compensation in the banking industry.
- Tax withholding through share disposal is a standard practice.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | Original award date of 862 shares that vested on February 21, 2025. |
| 02/20/2025 | Date of stock grant of 3,085 shares. |
| 02/21/2025 | Date of tax withholding transaction and vesting of shares awarded on February 21, 2024. |
| 02/21/2026 | First vesting date of the stock grant (1,028 shares). |
| 02/21/2027 | Second vesting date of the stock grant (1,028 shares). |
| 02/21/2028 | Third vesting date of the stock grant (1,029 shares). |
| 02/24/2025 | Date of Form 4 filing. |
Keywords
Form 4, beneficial ownership, stock grant, tax withholding, Ameris Bancorp, ABCB, Douglas Strange, Chief Credit Officer
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