Form 4: Bank7 Corp. Executive Levinson Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Andrew J. Levinson, Regional President at Bank7 Corp., disposed of 138 shares of common stock on January 6, 2025, to satisfy tax obligations related to restricted stock units.
Summary
- On January 6, 2025, Andrew J. Levinson, Regional President of Bank7 Corp., disposed of 138 shares of common stock.
- The transaction was executed at a price of $44.72 per share.
- The disposal was related to the satisfaction of tax obligations.
- Following the transaction, Levinson beneficially owns 45,666 shares of Bank7 Corp.
- These holdings include restricted stock units vesting over several future dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders trade their company's stock. This provides transparency to the market.
Comparison to Industry Standards
- Form 4 filings are a standard part of corporate governance and are comparable across all publicly traded companies.
- The information provided in this filing is consistent with the level of detail expected in such disclosures.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/06/2025 | Date of the transaction (disposal of shares) |
| 02/15/2025 | First vesting date for 5,000 restricted stock units |
| 12/17/2025 | Final vesting date for original grant of 4,500 restricted stock units |
| 02/15/2026 | Second vesting date for 5,000 restricted stock units |
| 02/15/2027 | Third vesting date for 5,000 restricted stock units |
| 02/15/2028 | Fourth vesting date for 5,000 restricted stock units |
| 02/15/2029 | Fifth vesting date for original grant of 25,000 restricted stock units |
| 02/15/2030 | Sixth vesting date for original grant of 25,000 restricted stock units |
| 02/15/2031 | Final vesting date for original grant of 25,000 restricted stock units |
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