Form 4: Capital Bancorp Director Brannan C Scott Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Brannan C Scott reports changes in beneficial ownership of Capital Bancorp Inc. stock, including gifts and adjustments to holdings in UTMA accounts.
Summary
- On August 13, 2024, Director Brannan C Scott reported changes in his beneficial ownership of Capital Bancorp Inc. (CBNK) stock.
- These changes include the gifting of 1,147 shares of common stock.
- Scott also reported acquisitions of 573 and 574 shares into UTMA accounts for grandchildren 2 and 3, respectively.
- The report also details existing holdings of common stock in UTMA accounts for grandchildren 1, 4 and a daughter.
- The director also holds stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine filing, reflecting standard transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking to understand management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the director's transactions in the company's stock.
- The gifting of shares may have a minor impact on the overall shareholder base.
Key Dates
| Date | Description |
|---|---|
| 12/31/2020 | Original grant date of stock options with exercise price of $14.54 |
| 12/31/2021 | Original grant date of stock options with exercise price of $13.89 |
| 12/31/2022 | Original grant date of stock options with exercise price of $26.41 |
| 01/01/2024 | Original grant date of stock options with exercise price of $23.54 |
| 01/01/2025 | Original grant date of stock options with exercise price of $24.2 |
| 08/13/2024 | Date of transaction: gifting of shares and acquisition of shares in UTMA accounts |
| 08/14/2024 | Date of signature for the Form 4 filing |
| 12/31/2024 | Expiration date of stock options with exercise price of $14.54 |
| 12/31/2025 | Expiration date of stock options with exercise price of $13.89 |
| 12/31/2026 | Expiration date of stock options with exercise price of $26.41 |
| 01/01/2028 | Expiration date of stock options with exercise price of $23.54 |
| 01/01/2029 | Expiration date of stock options with exercise price of $24.2 |
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