Form 4: BOKF Executive Daboval Reports Stock Transactions

BOK Financial Corp's EVP, Chief Credit Officer, Christy K. Daboval, reported recent acquisitions and dispositions of common stock, including restricted stock grants and performance-based adjustments.

Summary

• Christy K. Daboval, EVP, Chief Credit Officer of BOK FINANCIAL CORP (BOKF), reported transactions involving the company's common stock.
• On February 17, 2026, Daboval acquired 2,603 shares of common stock as restricted stock, which vests on January 16, 2029.
• This restricted stock is subject to forfeiture if employment terminates prior to vesting or if certain performance earnings per share targets are not met.
• On February 18, 2026, an upward adjustment of 130 restricted stock shares occurred due to the attainment of performance goals from 2023 awards under the BOKF Executive Incentive Plan.
• Also on February 18, 2026, 116 shares of common stock were disposed of at a price of $133.56 per share, likely for tax withholding purposes.
• Following these transactions, Daboval directly owns 7,935 shares of common stock and indirectly owns 2,800 shares through The Daboval Family Trust.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive, primarily due to the attainment of performance goals leading to an upward adjustment in restricted stock, indicating successful executive performance against established targets. However, it is a routine disclosure of compensation activity.

Positives

• Attainment of performance goals established under the BOKF Executive Incentive Plan resulted in an upward adjustment of 130 restricted stock shares, indicating successful performance.

Negatives

• Restricted stock is subject to forfeiture upon termination of employment prior to vesting, representing a potential loss of unvested equity.

Risks

• Forfeiture of restricted stock if employment terminates prior to the vesting date of January 16, 2029.
• Forfeiture of restricted stock if certain performance earnings per share targets established under the BOKF Executive Incentive Plan are not met.

Future Outlook

The filing indicates that future vesting of restricted stock is contingent on continued employment and the achievement of specific performance earnings per share targets by January 16, 2029.

Industry Context

StockSavvy.ai notes that executive compensation, particularly through restricted stock awards tied to performance metrics, is a common practice in the financial services industry. This aligns executive incentives with long-term company performance and shareholder value.

Stakeholder Impact

• Shareholders: The performance-based restricted stock aligns executive incentives with shareholder interests by tying compensation to company performance metrics like earnings per share.
• Employees: The compensation structure for executives, including forfeiture conditions, sets a precedent for performance-based incentives within the company.

Next Steps

• Continued employment of Christy K. Daboval until January 16, 2029, for the full vesting of the restricted stock.
• Achievement of specified performance earnings per share targets for the full vesting of restricted stock.

Key Dates

Keywords

BOKF, BOK Financial Corp, Christy K. Daboval, Form 4, Insider Trading, Restricted Stock, Executive Compensation, Stock Transactions, Performance Goals, SEC Filing