Form 4: BOKF CFO Grunst Reports Future Stock Transactions

BOK Financial Corp's EVP and CFO, Martin E. Grunst, reported future stock acquisitions and dispositions under a Rule 10b5-1 plan.

Summary

• Martin E. Grunst, Executive Vice President and Chief Financial Officer of BOK Financial Corp (BOKF), filed a Form 4 detailing future transactions under a Rule 10b5-1 plan.
• On February 17, 2026, Grunst is set to acquire 5,983 shares of common stock as restricted stock, which will vest on January 16, 2029, subject to forfeiture conditions.
• On February 18, 2026, Grunst is set to acquire an additional 2,461 shares of common stock due to upward adjustments based on the attainment of performance goals for 2023 restricted stock awards.
• Also on February 18, 2026, 204.978 shares of common stock are scheduled to be disposed of at a price of $133.56 per share to cover tax liabilities upon the vesting of previously deferred phantom stock units.
• An additional 6,206.022 shares of common stock are scheduled for disposition on February 18, 2026, as a result of the election to defer receipt of vested restricted stock units, converting them into phantom stock.
• Following these transactions, Grunst's direct beneficial ownership of common stock will be 36,078 shares.
• Grunst will also hold 21,391.9881 shares of phantom stock, a derivative security representing a right to receive one share of common stock or its cash value upon termination of employment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports routine executive compensation and tax-related transactions under a pre-arranged plan, which does not inherently signal positive or negative company performance or outlook.

Positives

• The reporting person is set to receive additional restricted stock awards (5,983 shares) as part of executive compensation.
• An upward adjustment of 2,461 restricted stock shares indicates the attainment of performance goals established under the BOKF Executive Incentive Plan for 2023 awards.

Negatives

• A disposition of 204.978 shares of common stock is planned to cover tax obligations related to the vesting of phantom stock, reducing direct common stock holdings.
• A disposition of 6,206.022 shares of common stock is planned as vested restricted stock units are converted into phantom stock (a derivative security) due to a deferral election.

Risks

• The 5,983 shares of restricted stock scheduled for acquisition on February 17, 2026, are subject to forfeiture if employment terminates prior to vesting on January 16, 2029.
• These restricted shares are also subject to forfeiture if certain performance earnings per share targets established under the BOKF Executive Incentive Plan are not met.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding the company's financial performance or strategic outlook, focusing solely on executive compensation transactions.

Industry Context

StockSavvy.ai notes that this Form 4 filing details routine executive compensation and tax planning activities under a Rule 10b5-1 plan. Such filings are common disclosures for publicly traded companies and provide transparency into insider stock ownership changes, but typically do not reflect broader industry trends or competitive shifts.

Related Party Transactions

• The reported transactions are related to executive compensation, specifically restricted stock awards and phantom stock, which are standard forms of compensation for company executives.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and insider holdings, which can be a factor in assessing corporate governance and alignment of interests.
• Employees: The compensation structure for the EVP, CFO, including performance-based awards, may influence overall employee compensation strategies and morale.

Next Steps

• The 5,983 shares of restricted stock are scheduled to vest on January 16, 2029, provided employment continues and performance targets are met.
• The 6,206.022 shares of phantom stock will become payable upon the reporting person's termination of employment with the Company.

Key Dates

Keywords

BOKF, BOK Financial, Form 4, Insider Transaction, Executive Compensation, Restricted Stock, Phantom Stock, Rule 10b5-1 Plan, Martin E. Grunst, CFO