Form 4: BOK Financial Officer Sells Shares for Tax Obligations

BOK Financial's EVP, Chief Credit Officer, Christy K. Daboval, reported a disposition of 213 common shares to cover tax withholding obligations at $122.64 per share.

Summary

• Christy K. Daboval, EVP, Chief Credit Officer of BOK Financial Corp, reported a transaction involving company stock.
• On January 13, 2026, 213 shares of BOKF Common Stock were disposed of.
• The disposition was made to the issuer to satisfy tax withholding obligations, at a price of $122.64 per share.
• Following this transaction, Daboval directly owns 5,318 shares and indirectly owns 2,800 shares through The Daboval Family Trust.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction for tax purposes, not indicative of positive or negative sentiment towards the company's future performance or a change in strategic direction.

Positives

• The transaction was made pursuant to a Rule 10b5-1(c) plan, which indicates a pre-scheduled, non-discretionary sale, often used to manage tax liabilities from equity compensation.

Negatives

• The disposition of shares by an insider, even for tax purposes, results in a reduction of their direct ownership in the company.

Future Outlook

NA

Industry Context

Form 4 filings are routine for corporate insiders reporting changes in beneficial ownership. This specific transaction, a disposition of shares for tax withholding, is a common occurrence when restricted stock units or other equity awards vest for executives in the financial services sector and other industries. It reflects standard executive compensation practices rather than a specific industry trend.

Comparison to Industry Standards

• Dispositions of shares to cover tax withholding obligations are standard practice for executives receiving equity compensation across all industries, including financial services.
• Comparable financial institutions such as JPMorgan Chase (JPM), Bank of America (BAC), or Wells Fargo (WFC) frequently show similar Form 4 filings from their executives.
• The specific number of shares and value are relative to the individual's compensation package and the company's stock price, which varies by institution.

Related Party Transactions

• The reporting person's indirect beneficial ownership of 2,800 shares is held through The Daboval Family Trust.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, routine transaction for tax purposes and not a discretionary sale based on new information.
• Employees/Management: Reflects standard equity compensation practices for executives within the company.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where an executive disposed of shares to cover tax withholding obligations. Such transactions are common and typically pre-scheduled under a 10b5-1 plan, indicating no discretionary selling based on new information. Therefore, this filing alone does not provide a basis for changing an investment recommendation; a 'hold' stance is maintained pending further fundamental analysis.

Keywords

BOK Financial, BOKF, Insider Transaction, Form 4, Stock Sale, Executive Compensation, Tax Withholding, Christy K. Daboval