Form 4: Bank7 Corp. Executive John T. Phillips Reports Stock Disposals

Bank7 Corp. executive John T. Phillips sold a small portion of his directly held shares to cover tax obligations related to vesting restricted stock units.

Summary

• John T. Phillips, a director, officer (Sr. EVP, COO, and Secretary) of Bank7 Corp., reported the disposal of company stock.
• On January 4, 2025, 364 shares were disposed of at a price of $45.01 per share.
• On January 6, 2025, an additional 233 shares were disposed of at a price of $44.72 per share.
• These transactions were to cover tax obligations related to vesting restricted stock units.
• Following these transactions, Mr. Phillips directly owns 16,685 shares and indirectly owns 222,000 shares through a trust.
• The trust is the John T. Phillips Revocable Trust, for which Mr. Phillips is the sole trustee.

Sentiment

Score: 7

Explanation: The document is neutral in sentiment as it reports routine stock transactions by an executive. There is no indication of positive or negative news.

Industry Context

This is a routine filing related to stock transactions by a company executive, which is common in publicly traded companies. It does not indicate any unusual activity or trend.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are relatively small in volume compared to the total shares held by the executive, which is typical for tax-related disposals of restricted stock units.
• Similar filings are made by executives at comparable financial institutions such as First Financial Bankshares, Inc. and Prosperity Bancshares, Inc. when they sell shares.

Stakeholder Impact

• The stock disposals are unlikely to have a significant impact on shareholders as they are relatively small and related to tax obligations.

Key Dates

Keywords

Bank7 Corp, stock disposal, insider trading, John T. Phillips, restricted stock units, executive, Form 4, BSVN