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 291 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 30, 2024, Andrew J. Levinson, Regional President of Bank7 Corp., disposed of 291 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units.
- Following the transaction, Levinson directly owns 46,131 shares of Bank7 Corp.
- These holdings include several grants of restricted stock units vesting over various future dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing for an insider transaction. It doesn't convey strong positive or negative sentiment.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Disposals to cover tax obligations are common and don't necessarily reflect a negative outlook on the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/30/2024 | Date of transaction: Andrew J. Levinson disposed of 291 shares of Bank7 Corp. common stock. |
| 02/15/2025 | First vesting date for 5,000 restricted stock units, vesting in four equal installments on February 15, 2025, 2026, 2027, and 2028. |
| 02/15/2024 | First vesting date for 25,000 restricted stock units, vesting in eight equal installments on February 15, 2024, 2025, 2026, 2027, 2028, 2029, 2030, and 2031. |
| 12/17/2022 | First vesting date for 4,500 restricted stock units, vesting in four equal installments on December 17, 2022, 2023, 2024, and 2025. |
| 10/30/2021 | First vesting date for 5,000 restricted stock units, vesting in five equal installments on October 30, 2021, 2022, 2023, 2024, and 2025. |
| 01/06/2021 | First vesting date for 2,000 restricted stock units, vesting in five equal installments on January 6, 2021, 2022, 2023, 2024, and 2025. |
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