Form 4: Capital Bancorp EVP Exercises Stock Options and Disposes of Shares
SEC Form 4
Eric M. Suss, EVP and CHRO of Capital Bancorp Inc, exercised stock options and disposed of shares on September 5, 2024.
Summary
- On September 5, 2024, Eric M. Suss, the EVP and CHRO of Capital Bancorp Inc, exercised stock options to acquire 9,500 shares of common stock at a price of $14.54 per share.
- Following the exercise, Suss disposed of 5,932 shares of common stock at a price of $25.09 per share to cover tax obligations.
- After these transactions, Suss directly owns 55,038 shares of Capital Bancorp Inc.
- Suss also holds options to acquire additional shares at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard Form 4 filing detailing insider transactions.
Industry Context
This filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 12/31/2020 | Original expiration date of stock options for 9,500 shares at $14.54 (now 12/31/2024) |
| 12/31/2021 | Grant date of stock options for 6,705 shares at $13.89, vesting annually, expiring 12/31/2025 |
| 12/31/2022 | Grant date of stock options for 4,125 shares at $26.41, vesting annually, expiring 12/31/2026 |
| 01/01/2024 | Grant date of stock options for 4,295 shares at $23.54, vesting annually, expiring 01/01/2028 |
| 01/01/2025 | Grant date of stock options for 4,460 shares at $24.20, vesting annually, expiring 01/01/2029 |
| 09/05/2024 | Date of transaction: Exercise of 9,500 stock options at $14.54 and disposal of 5,932 shares at $25.09 |
| 09/09/2024 | Date of Form 4 signature |
| 12/31/2024 | Expiration date of stock options for 9,500 shares at $14.54 |
| 12/31/2025 | Expiration date of stock options for 6,705 shares at $13.89 |
| 12/31/2026 | Expiration date of stock options for 4,125 shares at $26.41 |
| 01/01/2028 | Expiration date of stock options for 4,295 shares at $23.54 |
| 01/01/2029 | Expiration date of stock options for 4,460 shares at $24.20 |
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