Form 4: Ameris Bancorp Executive Michael T. Pierson Reports Stock Transactions
SEC Form 4 Filing
Michael T. Pierson, Chief Governance Officer of Ameris Bancorp, reports the withholding of shares to cover tax obligations upon vesting of stock awards.
Summary
- Michael T. Pierson, Chief Governance Officer of Ameris Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On February 24, 2025, Mr. Pierson had 940 shares of common stock withheld to cover tax obligations related to the vesting of 2,096 shares awarded on February 24, 2022, at a price of $63.18 per share.
- Additionally, 620 shares were withheld to cover tax obligations related to the vesting of 1,381 shares awarded on February 24, 2023, also at $63.18 per share.
- Following these transactions, Mr. Pierson directly owns 65,230.576 shares of common stock.
- Mr. Pierson also indirectly owns 5,161.7416 shares through a 401(k) account, which includes an additional 60.55091 shares acquired in the account.
- The total direct holdings include an additional 134.621784 shares acquired through an employee stock purchase plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard tax-related stock transactions for an executive at Ameris Bancorp.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine tax-related stock movements by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Original award date of 2,096 shares of common stock. |
| 02/24/2023 | Original award date of 1,381 shares of common stock. |
| 02/24/2025 | Date of stock transactions (withholding for tax obligations) and vesting of shares. |
| 02/26/2025 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.