Form 4: Bridgewater Bancshares Executive Shellberg Reports Stock Transfers to Trusts
SEC Form 4 Filing
Jeffrey D. Shellberg, EVP and Chief Credit Officer of Bridgewater Bancshares, reports the transfer of 75,000 shares of common stock to a trust and the acquisition of 75,000 shares by a trust.
Summary
- Jeffrey D. Shellberg, EVP and Chief Credit Officer of Bridgewater Bancshares, filed a Form 4 detailing changes in beneficial ownership.
- On February 5, 2025, Mr. Shellberg transferred 75,000 shares of common stock to a trust.
- On February 5, 2025, Mr. Shellberg acquired 75,000 shares of common stock by trust.
- Following these transactions, Mr. Shellberg directly owns 289,613 shares.
- Mr. Shellberg indirectly owns 357,390 shares through the Jeffrey D. Shellberg Trust, 87,000 shares through the Susan K Shellberg Family Trust, and 65,000 shares through the Susan K. Shellberg Marital Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock ownership, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The stock transfer may be of interest to shareholders as it provides insight into the executive's holdings and potential motivations.
Key Dates
| Date | Description |
|---|---|
| October 1, 2014 | Date of the Jeffrey D. Shellberg Trust agreement. |
| July 16, 2024 | Date of the Susan K Shellberg Family Trust and Susan K. Shellberg Marital Trust. |
| February 5, 2025 | Date of the stock transfer and acquisition. |
| February 6, 2025 | Date of the Form 4 filing. |
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