Form 4: BOK Financial EVP's Stock Vesting & Tax Disposition

BOK Financial EVP Brad A. Vincent reported the vesting of phantom stock, with a portion disposed for tax obligations and the remainder deferred.

Summary

• Brad A. Vincent, Executive Vice President of Specialized Industries at BOK Financial Corp (BOKF), reported changes in his beneficial ownership.
• On January 13, 2026, 1,510 shares of phantom stock (restricted stock units), which were initially issued on February 28, 2023, vested.
• Of the vested shares, 142.1631 shares of phantom stock were disposed of at a price of $122.64 per share to satisfy tax withholding obligations.
• The remaining 1,367.8369 shares of phantom stock are held by Mr. Vincent as a derivative security, representing a right to receive one share of common stock or its cash equivalent.
• Following these transactions, Mr. Vincent directly beneficially owns 18,144 shares of Common Stock.
• Additionally, Mr. Vincent indirectly beneficially owns 9,106 shares of Common Stock through The Vincent Family Revocable Trust.

Sentiment

Score: 6

Explanation: The filing details a routine executive compensation event (vesting of phantom stock) and a standard disposition of shares for tax purposes. It reflects ongoing executive compensation practices and continued executive ownership, which is generally neutral to slightly positive for investor confidence.

Positives

• The vesting of 1,510 shares of phantom stock for EVP Brad A. Vincent represents a significant compensation event, reflecting the executive's long-term incentive plan.
• The executive continues to hold a substantial number of shares directly (18,144) and indirectly (9,106), aligning his interests with those of the company's shareholders.

Negatives

• Disposition of 142.1631 shares of phantom stock occurred to cover tax liabilities, resulting in a reduction of direct beneficial ownership.

Future Outlook

The remaining 1,367.8369 shares of phantom stock become payable upon the reporting person's termination of employment with BOK Financial Corp.

Industry Context

This Form 4 filing reflects a routine executive compensation event involving the vesting of restricted stock units, a common practice in the financial services industry to align executive incentives with long-term company performance and retention.

Comparison to Industry Standards

• The use of phantom stock and restricted stock units as part of executive compensation packages is a standard practice across the financial services sector, comparable to compensation structures at peer institutions.
• The disposition of shares to cover tax obligations upon vesting is a common and expected event for executives receiving equity compensation in the industry.

Related Party Transactions

• Indirect beneficial ownership of 9,106 shares of Common Stock through The Vincent Family Revocable Trust.

Stakeholder Impact

• Shareholders: The executive's continued significant equity holdings (direct and indirect) suggest ongoing alignment of management interests with shareholder value.
• Employees: This filing reflects standard executive compensation practices within the company, which may influence broader compensation strategies.

Next Steps

• The 1,367.8369 shares of phantom stock held by the reporting person will become payable upon his termination of employment with BOK Financial Corp.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled executive compensation event involving the vesting of phantom stock and a subsequent disposition for tax purposes. It does not introduce new material information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The executive's continued significant equity holdings suggest ongoing alignment with shareholder interests. Therefore, a 'hold' recommendation is appropriate as this filing alone does not provide a basis for a 'buy' or 'sell' decision.

Keywords

BOK Financial Corp, BOKF, Form 4, insider transaction, beneficial ownership, phantom stock, restricted stock units, executive compensation, stock vesting, tax disposition