Form 4: BOKF Executive Grauer Boosts Stake with Stock Awards

BOK Financial Corp's EVP of Wealth Management, Scott Grauer, reported significant stock acquisitions and a tax-related disposal, increasing his beneficial ownership.

Summary

• Scott Grauer, EVP, Wealth Management at BOK Financial Corp (BOKF), reported transactions in BOKF common stock.
• Acquired 8,190 shares of restricted stock on February 17, 2026, which vests on January 16, 2029, subject to continued employment and performance earnings per share targets.
• Acquired 3,100 shares of unrestricted stock on February 18, 2026, based on the attainment of performance goals established in 2023 under the BOKF Executive Incentive Plan.
• Disposed of 3,562 shares on February 18, 2026, at a price of $133.56 per share, likely for tax withholding related to the stock awards.
• Beneficial ownership after these transactions includes 43,524 shares directly held, 12,424.9288 shares indirectly through a 401(k) Plan, and 24,704 shares indirectly through the Scott Grauer Revocable Trust.
• Total beneficial ownership for Scott Grauer is 80,652.9288 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive filing, reflecting successful executive performance against targets and an increase in insider ownership, which generally signals confidence.

Positives

• Scott Grauer received 8,190 shares of restricted stock, indicating continued long-term incentive alignment with the company's future performance.
• The attainment of 2023 performance goals resulted in an award of 3,100 unrestricted shares, demonstrating successful execution against established targets.
• The executive's overall beneficial ownership in BOKF has increased, signaling confidence in the company's prospects.

Negatives

• Disposal of 3,562 shares at $133.56 per share, likely for tax withholding purposes, reduced direct holdings.

Risks

• The 8,190 restricted shares are subject to forfeiture if employment terminates prior to the vesting date of January 16, 2029.
• Forfeiture of restricted shares can also occur if certain performance earnings per share targets established pursuant to the BOKF Executive Incentive Plan are not met.

Future Outlook

The vesting of 8,190 restricted shares on January 16, 2029, is contingent upon continued employment and the achievement of specific performance earnings per share targets under the BOKF Executive Incentive Plan.

Industry Context

StockSavvy.ai notes that executive stock awards and performance-based compensation are standard practices in the financial services industry, aligning management incentives with shareholder interests. The increase in beneficial ownership by a key executive like Scott Grauer, EVP of Wealth Management, can be viewed positively by the market, signaling internal confidence in BOKF's future performance, especially within its wealth management segment.

Related Party Transactions

• Indirect beneficial ownership of 24,704 shares through the Scott Grauer Revocable Trust.
• Indirect beneficial ownership of 12,424.9288 shares through the BOKF 401(k) Plan.

Stakeholder Impact

• Shareholders: Increased insider ownership may signal management confidence, potentially viewed positively.
• Employees: The BOKF Executive Incentive Plan demonstrates a commitment to performance-based compensation for key executives.

Next Steps

• Continued employment of Scott Grauer until January 16, 2029, for the restricted stock to vest.
• Achievement of specific performance earnings per share targets for the restricted stock to vest.

Key Dates

Recommendation

While the insider's increased stake and achievement of performance goals are positive signals, a Form 4 primarily reports past transactions and compensation. It does not provide comprehensive financial results or strategic updates that would warrant a 'buy' or 'sell' recommendation on its own. The filing reinforces a 'hold' position for investors already in BOKF, indicating stable executive alignment and performance.

Keywords

BOKF, Scott Grauer, Insider Transaction, Executive Compensation, Restricted Stock, Performance Shares, Wealth Management, Stock Award, Form 4