Form 4: Bridgewater Bancshares Director David B. Juran Reports Transaction
SEC Filing
Director David B. Juran reports a transaction involving Bridgewater Bancshares Inc. common stock, including acquisition and disposal, along with details of beneficial ownership through various trusts.
Summary
- On June 28, 2024, David B. Juran, a director of Bridgewater Bancshares Inc., filed a Form 4.
- The filing reports the acquisition of 1,814 shares of common stock at $0.
- It also reports the disposal of 1,339,991 shares of common stock.
- The filing details beneficial ownership of common stock held directly and indirectly through several trusts.
- Mr. Juran serves as co-trustee or trustee for multiple trusts, including a Marital Trust, Residuary Trust, Descendant's Separate Trust, Martial Trust 2, and Martial Trust 1.
- He also acts as attorney-in-fact for a trustee of a Revocable Trust.
- The trusts hold varying amounts of Bridgewater Bancshares Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to monitor the actions of key individuals within the company.
Comparison to Industry Standards
- Form 4 filings are standard practice for directors and officers of publicly traded companies in the United States.
- Similar filings are made by insiders at comparable financial institutions like First Interstate BancSystem and Glacier Bancorp, providing investors with insights into their trading activities.
- The level of detail provided in this filing is consistent with SEC requirements and industry norms for insider transaction reporting.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
- It allows stakeholders to monitor insider activity, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| June 18, 2002 | Date of Marital Trust and Residuary Trust |
| January 31, 2014 | Date of Revocable Trust |
| September 17, 2018 | Date of Descendant's Separate Trust, Martial Trust 2, and Martial Trust 1 |
| 06/28/2024 | Date of transaction and filing |
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