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

Kelley Weil, an Executive Vice President at BOK Financial Corp, sold 261 shares of common stock to cover tax obligations related to vesting.

Summary

• Kelley Weil, an Executive Vice President at BOK Financial Corp, sold 261 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 shares.
• Following the transaction, Weil directly owns 14,624 shares of BOK Financial Corp stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for an executive to cover tax obligations, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine transaction for executives who receive stock as part of their compensation. It is common for executives to sell shares to cover tax obligations when stock vests.

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 execute similar transactions.
• These transactions are typically disclosed via SEC Form 4 filings.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive.
• The sale does not impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

BOK Financial Corp, insider trading, stock sale, executive compensation, Kelley Weil, Form 4, share vesting, tax obligations