Form 4: Blue Ridge Bankshares EVP Judy Carol Gavant Reports Acquisition and Disposal of Shares

EVP and Chief Financial Officer of Blue Ridge Bankshares, Judy Carol Gavant, reports acquiring 440,000 shares of common stock and disposing of 4,819 shares.

Summary

• Judy Carol Gavant, EVP & Chief Financial Officer of Blue Ridge Bankshares, filed a Form 4 detailing changes in beneficial ownership.
• On April 29, 2025, Gavant acquired 440,000 shares of common stock as an award of performance-based restricted stock.
• The acquisition price was $0.
• Gavant also disposed of 4,819 shares of common stock.
• Following these transactions, Gavant directly owns 656,882 shares of common stock.
• Gavant also indirectly owns 33 shares through an ESOP and 4,819 shares through a 401k.
• Gavant also holds options to buy 3,750 shares of common stock at $13.15 and another 3,750 shares at $10.8, both exercisable from January 31, 2021.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of a large number of shares by an executive is generally a positive sign, but the small disposal tempers the enthusiasm. The performance-based nature of the stock award introduces some uncertainty.

Positives

• The acquisition of 440,000 shares by a key executive could be interpreted as a positive signal about the company's future prospects.

Negatives

• The disposal of 4,819 shares, while small compared to the acquisition, could be seen as a slightly negative signal.

Risks

• The performance-based restricted stock is subject to company performance achievements and a vesting schedule, indicating potential risk if the company does not meet its performance targets.

Future Outlook

The future outlook depends on Blue Ridge Bankshares' performance, which will determine whether the performance-based restricted stock vests.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors often monitor these filings for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The acquisition and disposal of shares by a key executive may influence investor sentiment and potentially impact the stock price.

Key Dates

Keywords

Blue Ridge Bankshares, BRBS, Judy Carol Gavant, Form 4, Beneficial Ownership, Stock Acquisition, Stock Disposal, Executive Compensation, Performance-Based Restricted Stock, Options