Form 4: Ameris Bancorp Executive Jody L. Spencer Reports Stock Transactions
SEC Form 4 Filing
Jody L. Spencer, Chief Legal Officer of Ameris Bancorp, reports acquisition and disposal of common stock related to stock grants and tax withholding obligations.
Summary
- On February 20, 2025, Jody L. Spencer, Chief Legal Officer of Ameris Bancorp, acquired 9,794 shares of common stock through a performance stock unit award and 3,085 shares through the Ameris Bancorp 2021 Omnibus Equity Compensation Plan.
- Also on February 20, 2025, 4,392 shares were disposed of at $64.84 to cover tax withholding obligations related to the stock grant.
- On February 21, 2025, 645 shares were disposed of at $63.46 to cover tax withholding obligations related to vesting of shares awarded on February 21, 2024.
- Following these transactions, Spencer beneficially owns 38,323 shares of Ameris Bancorp common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing primarily reports routine stock transactions related to compensation and tax obligations.
Positives
- The acquisition of shares through stock grants indicates confidence in the company's future performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It reflects part of the executive's compensation package and is subject to regulatory requirements.
Comparison to Industry Standards
- Stock grants and vesting schedules are standard components of executive compensation packages in the banking industry.
- Tax withholding practices related to stock awards are also common and compliant with IRS regulations.
- Comparable companies like Synovus Financial Corp and Truist Financial Corporation also regularly report similar Form 4 filings for their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are part of the executive's compensation and do not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Original grant date of performance stock unit award. |
| 02/21/2024 | Original award date of shares that vested on February 21, 2025. |
| 02/20/2025 | Date of stock grant and tax withholding transactions. |
| 02/21/2025 | Date of tax withholding transaction related to vesting shares. |
| 02/21/2026 | Vesting date for 1,028 shares from the February 20, 2025 grant. |
| 02/21/2027 | Vesting date for 1,028 shares from the February 20, 2025 grant. |
| 02/21/2028 | Vesting date for 1,029 shares from the February 20, 2025 grant. |
| 02/24/2025 | Date of Form 4 signature. |
Keywords
Ameris Bancorp, ABCB, Jody L. Spencer, Stock Grant, Tax Withholding, Beneficial Ownership, Form 4, Equity Compensation
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