Form 4: BayFirst Financial Corp. Director Leo Anthony N. Reports Tax Withholding Transaction
SEC Form 4 Filing
Director Leo Anthony N. of BayFirst Financial Corp. reports a transaction involving the withholding of shares to cover tax obligations related to restricted stock awards.
Summary
- On January 23, 2025, Director Leo Anthony N. of BayFirst Financial Corp. had 371 shares of common stock withheld by the issuer to cover tax obligations.
- The shares were withheld at a price of $15.29 per share.
- Following the transaction, Leo Anthony N. directly owns 34,677.2336 shares of BayFirst Financial Corp.
- This transaction was related to the net settlement of restricted stock awards (RSAs) and does not represent a sale by the reporting person.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to tax withholding, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing relates to tax obligations on restricted stock awards, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of transaction: shares withheld for tax obligations. |
| 02/21/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Director, Stock Withholding, Tax Obligations, Restricted Stock Awards, BayFirst Financial Corp., BAFN, Leo Anthony N.
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