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 a transaction involving common stock and adjustments to his holdings of restricted stock units.
Summary
- On December 17, 2024, John T. Phillips, a director and officer of Bank7 Corp., filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
- The transaction involved the disposition of 546 shares of common stock at a price of $45.1 per share to cover tax obligations related to vesting restricted stock units.
- Following the transaction, Phillips directly owns 17,282 shares of common stock.
- Phillips also indirectly owns 222,000 shares through the John T. Phillips Revocable Trust.
- The reported holdings include various restricted stock units (RSUs) that vest in installments over the coming years.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it involves a small number of shares disposed of by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 12/17/2022 | Original grant of 7,500 restricted stock units vests in four equal installments on December 17, 2022, 2023, 2024, and 2025. |
| 01/04/2022 | Original grant of 5,000 restricted stock units vests in four equal installments on January 4, 2022, 2023, 2024, and 2025. |
| 01/06/2021 | Original grant of 4,000 restricted stock units vests in five equal installments on January 6, 2021, 2022, 2023, 2024, and 2025. |
| 02/15/2024 | Original grant of 7,046 restricted stock units vests in three equal installments on February 15, 2024, 2025, and 2026. |
| 12/17/2024 | Date of transaction: Disposition of 546 shares of common stock and filing of Form 4. |
| 02/15/2025 | 5,435 restricted stock units vest in three equal installments on February 15, 2025, 2026, and 2027. |
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