Form 4: Ameris Bancorp Executive Ross L. Creasy Reports Stock Transactions
SEC Form 4 Filing
Chief Information Officer Ross L. Creasy reports acquisition and disposal of Ameris Bancorp stock related to stock grants and tax withholding obligations.
Summary
- Ross L. Creasy, Chief Information Officer of Ameris Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On February 20, 2025, Creasy acquired 11,753 shares of common stock through a performance stock unit award and 3,085 shares through the 2021 Omnibus Equity Compensation Plan.
- Also on February 20, 2025, 5,271 shares were disposed of to cover tax withholding obligations related to the stock grant, at a price of $64.84 per share.
- On February 21, 2025, 645 shares were disposed of at $63.46 per share to satisfy tax obligations from vesting of previously awarded stock.
- Following these transactions, Creasy beneficially owns 34,993.4082 shares of Ameris Bancorp common stock.
- The stock grants vest over three years, starting February 21, 2026.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine stock transactions related to compensation. There are no explicit positive or negative indicators about the company's performance.
Positives
- The stock grants indicate confidence in the company's future performance.
Future Outlook
The document does not contain explicit forward-looking statements, but the vesting schedule of the stock grants extends to February 21, 2028.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors as they can provide insights into management's views on the company's stock.
Comparison to Industry Standards
- Stock-based compensation is a common practice in the banking industry to align management's interests with those of shareholders.
- Companies like Truist, Regions Financial, and Synovus also utilize equity compensation plans.
- The vesting schedules and terms of these plans vary, but the general purpose is to incentivize long-term performance.
- The amount of stock granted to executives is typically benchmarked against peer companies and individual performance.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the issuance and disposal of shares related to executive compensation.
- Employees, particularly executives, are impacted through their compensation packages.
Key Dates
| Date | Description |
|---|---|
| February 24, 2022 | Original grant date of performance stock unit award. |
| February 21, 2024 | Date of common stock originally awarded that vested on February 21, 2025. |
| February 20, 2025 | Date of stock grant and tax withholding transactions. |
| February 21, 2025 | Date of tax withholding transaction and first vesting date of previously awarded stock. |
| February 21, 2026 | First vesting date of the 3,085 shares granted on February 20, 2025 (1,028 shares). |
| February 21, 2027 | Second vesting date of the 3,085 shares granted on February 20, 2025 (1,028 shares). |
| February 21, 2028 | Third vesting date of the 3,085 shares granted on February 20, 2025 (1,029 shares). |
| February 24, 2025 | Date of signature for the Form 4 filing. |
Keywords
Ameris Bancorp, ABCB, Ross L. Creasy, Chief Information Officer, Stock Grant, Form 4, Beneficial Ownership, Tax Withholding, Equity Compensation Plan
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