Form 4: Bank7 Corp. Executive John T. Phillips Reports Changes in Beneficial Ownership
SEC Form 4
John T. Phillips, Sr. EVP, COO, and Secretary of Bank7 Corp., reports acquisition and disposal of common stock due to vesting of restricted stock units and tax withholding.
Summary
- On February 15, 2025, John T. Phillips, a director and officer of Bank7 Corp., filed a Form 4 indicating changes in his beneficial ownership of the company's common stock.
- Phillips acquired 4,383 shares of common stock through the vesting of restricted stock units at a price of $0.
- He also disposed of 527 shares and 684 shares to cover tax obligations at a price of $43.17 per share.
- Following these transactions, Phillips directly owns 19,457 shares and indirectly owns 222,000 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reflecting routine transactions related to executive compensation; it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholder base as they relate to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Original grant of 7,046 restricted stock units vests in three equal installments on February 15, 2024, 2025, and 2026. |
| 12/17/2022 | Original grant of 7,500 restricted stock units vests in four equal installments on December 17, 2022, 2023, 2024, and 2025. |
| 02/15/2025 | Date of transaction and filing of Form 4; vesting of restricted stock units and tax withholding. |
| 02/15/2026 | Vesting date for some restricted stock units. |
| 02/15/2027 | Vesting date for some restricted stock units. |
| 02/15/2028 | Vesting date for some restricted stock units. |
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