Form 4: Bank7 Corp. CEO Thomas Travis L. Reports Stock Transaction
SEC Form 4 Filing
Bank7 Corp.'s CEO, Thomas Travis L., reports the disposition of 1,476 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On December 17, 2024, Thomas Travis L., the President & CEO of Bank7 Corp., reported a transaction involving the disposition of 1,476 shares of common stock.
- The transaction was executed to satisfy tax obligations related to the vesting of restricted stock units.
- The price per share for the disposition was $45.1.
- Following the transaction, Travis directly owns 286,795 shares of Bank7 Corp.
- This total includes several grants of restricted stock units vesting over various future dates.
Sentiment
Score: 5
Explanation: This is a neutral report of a stock transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
- It provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 01/06/2021 | Original grant date for 5,000 restricted stock units vesting in five equal installments. |
| 01/04/2022 | Original grant date for 10,000 restricted stock units vesting in four equal installments. |
| 12/17/2022 | Original grant date for 15,000 restricted stock units vesting in four equal installments. |
| 02/15/2024 | First vesting date for 20,302 restricted stock units vesting in three equal installments. |
| 12/17/2024 | Date of the reported transaction (disposition of shares for tax obligations). |
| 02/15/2025 | Vesting date for restricted stock units. |
| 02/15/2026 | Vesting date for restricted stock units. |
| 02/15/2027 | Vesting date for restricted stock units. |
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