Form 4: Bank7 Corp. Executive Andrew J. Levinson Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Bank7 Corp. Regional President Andrew J. Levinson disposed of 327 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- Andrew J. Levinson, Regional President of Bank7 Corp., disposed of 327 shares of common stock on December 17, 2024.
- The shares were sold at a price of $45.1 per share.
- This transaction was to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Levinson still beneficially owns 45,804 shares of Bank7 Corp. common stock.
- The reported holdings include various restricted stock units that vest over several years.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction, and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive stock transactions.
- The vesting schedules for restricted stock units are common in executive compensation packages across the financial industry.
- The sale of shares to cover tax obligations is a normal occurrence for executives receiving equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/06/2021 | Start date of a restricted stock unit grant vesting in five equal installments. |
| 10/30/2021 | Start date of a restricted stock unit grant vesting in five equal installments. |
| 12/17/2022 | Start date of a restricted stock unit grant vesting in four equal installments. |
| 02/15/2024 | Start date of a restricted stock unit grant vesting in eight equal installments. |
| 12/17/2024 | Date of the reported stock disposal transaction. |
| 02/15/2025 | Start date of a restricted stock unit grant vesting in four equal installments. |
Keywords
Bank7 Corp, insider trading, Form 4, stock disposal, restricted stock units, executive compensation, Andrew J. Levinson
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