Form 4: Bank7 Corp. Executive John T. Phillips Reports Gift of 400 Shares
SEC Form 4 Filing
John T. Phillips, Sr. EVP, COO, and Secretary of Bank7 Corp., reported a gift of 400 shares of common stock on February 12, 2025, while still holding a significant number of shares directly and indirectly.
Summary
- On February 12, 2025, John T. Phillips, a director, Sr. EVP, COO, and Secretary of Bank7 Corp. [BSVN], filed a Form 4.
- The form details a transaction where Mr. Phillips gifted 400 shares of Bank7 Corp. common stock.
- Following the transaction, Mr. Phillips directly owns 16,285 shares.
- He also indirectly owns 222,000 shares through the John T. Phillips Revocable Trust, for which he serves as the sole trustee.
- The directly held shares include restricted stock units vesting at various dates in the future.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a 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. This filing indicates a gift of shares by an executive, which is not uncommon.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small portion of the executive's holdings.
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. |
| 02/12/2025 | Date of transaction: Gift of 400 shares of common stock. |
| 02/12/2025 | Date of Form 4 filing. |
| 02/15/2025 | 5,435 restricted stock units vest in three equal installments on February 15, 2025, 2026, and 2027. |
| 02/15/2026 | Original grant of 7,046 restricted stock units vests in three equal installments on February 15, 2024, 2025, and 2026. |
| 02/15/2027 | 5,435 restricted stock units vest in three equal installments on February 15, 2025, 2026, and 2027. |
Keywords
Form 4, Bank7 Corp, BSVN, Insider Trading, John T. Phillips, Stock Gift, Beneficial Ownership, Restricted Stock Units
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