Form 4: BOK Financial Corp Executive Sells Shares to Cover Tax Obligations

Mark B. Wade, an EVP at BOK Financial Corp, sold 287 shares of common stock to cover tax obligations related to stock awards.

Summary

• Mark B. Wade, an Executive Vice President at BOK Financial Corp, sold 287 shares of common stock on January 14, 2025.
• The sale was executed at a price of $109.44 per share.
• This transaction was to cover tax obligations related to the vesting of stock awards.
• Following the transaction, Mr. Wade directly owns 15,543 shares of BOK Financial Corp common stock.
• He also indirectly owns 1,903.7517 shares through a 401(k) plan, which includes 42.498 shares acquired since his last report.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the financial industry.
• Many executives at comparable financial institutions such as JP Morgan Chase, Bank of America, and Wells Fargo regularly file similar Form 4 documents when they sell shares for tax purposes.
• The number of shares sold and the price are within the typical range for such transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

BOK Financial Corp, insider trading, stock sale, executive compensation, Form 4, Mark B. Wade, equity securities, tax obligations