Form 4: Capital Bancorp Inc. Executive Poynot Reports Stock Transactions
SEC Form 4
Steven M. Poynot, President and COO of Capital Bancorp Inc., reports the acquisition and disposal of common stock and derivative securities.
Summary
- Steven M. Poynot, President and COO of Capital Bancorp Inc., filed a Form 4 detailing changes in beneficial ownership.
- On October 11, 2024, Poynot acquired 667 shares of common stock through the vesting of restricted stock units and disposed of 201 shares to cover tax obligations at a price of $24.41.
- Following these transactions, Poynot directly owns 932 shares of common stock and indirectly owns 2,503 shares through an IRA.
- Poynot also holds derivative securities, including restricted stock units and stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 10/11/2023 | First vesting date of restricted stock units. |
| 10/11/2023 | Grant date of stock options expiring on 10/11/2027. |
| 01/01/2024 | First vesting date of stock options expiring on 01/01/2028. |
| 01/01/2025 | First vesting date of stock options expiring on 01/01/2029. |
| 10/11/2024 | Date of reported transactions (acquisition and disposal of shares). |
| 10/16/2024 | Date of Form 4 signature. |
| 10/11/2027 | Expiration date of stock options. |
| 01/01/2028 | Expiration date of stock options. |
| 01/01/2029 | Expiration date of stock options. |
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