Form 4: Bank7 Corp. Executive Henry Litchfield Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Henry Litchfield, VP and General Counsel of Bank7 Corp., disposed of 127 shares of common stock on December 17, 2024, to cover tax obligations related to vested restricted stock units.
Summary
- On December 17, 2024, Henry Litchfield, VP and General Counsel of Bank7 Corp., disposed of 127 shares of common stock.
- The transaction was executed at a price of $45.1 per share.
- This disposal was to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Litchfield directly owns 12,175 shares of Bank7 Corp.
- These holdings include restricted stock units vesting over the next several years.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate a significant change in the executive's confidence in the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock; this filing indicates routine activity related to compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/17/2022 | Original grant of 1,750 restricted stock units vests in four equal installments on December 17, 2022, 2023, 2024, and 2025. |
| 01/06/2021 | Original grant of 1,000 restricted stock units vests in five equal installments on January 6, 2021, 2022, 2023, 2024, and 2025. |
| 02/15/2024 | Original grant of 5,000 restricted stock units vests in four equal installments on February 15, 2024, 2025, 2026, and 2027. |
| 12/17/2024 | Date of transaction: Henry Litchfield disposed of 127 shares of common stock. |
| 12/17/2024 | Date of Form 4 filing. |
| 02/15/2025 | 3,500 restricted stock units vest in four equal installments on February 15, 2025, 2026, 2027, and 2028. |
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