Form 4: Capital Bancorp Inc. Executive Steven M. Poynot Reports Beneficial Ownership Changes
SEC Form 4
Steven M. Poynot, President and COO of Capital Bancorp Inc., reports changes in beneficial ownership of company stock through IRA transactions and holdings of restricted stock units and stock options.
Summary
- On November 1, 2024, Steven M. Poynot, President and COO of Capital Bancorp Inc., reported changes in his beneficial ownership of the company's stock.
- Poynot acquired 827 shares of common stock at $25.30 per share, 173 shares at $25.36 per share, and 1,000 shares at $25.41 per share through his IRA.
- He also disposed of 932 shares of common stock through his IRA.
- Following these transactions, Poynot's IRA holds 4,503 shares of Capital Bancorp Inc. common stock.
- Poynot also directly owns 666 Restricted Stock Units, which vest in three equal annual installments beginning 10/11/2023.
- He also directly owns stock options for 2,000 shares at an exercise price of $24.25, which vest in four equal annual installments beginning 10/11/2023 and expire 10/11/2027.
- He also directly owns stock options for 2,000 shares at an exercise price of $23.54, which vest in four equal annual installments beginning 01/01/2024 and expire 01/01/2028.
- He also directly owns stock options for 2,300 shares at an exercise price of $24.20, which vest in four equal annual installments beginning 01/01/2025 and expire 01/01/2029.
- He also directly owns stock options for 5,160 shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by an insider.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. These filings are closely watched by investors seeking insights into management's perspective on the company's prospects.
Stakeholder Impact
- Shareholders may be interested in the insider's transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 10/11/2023 | Restricted Stock Units vest in three equal annual installments beginning on this date. |
| 10/11/2023 | Stock options for 2,000 shares at an exercise price of $24.25 vest in four equal annual installments beginning on this date and expire 10/11/2027. |
| 01/01/2024 | Stock options for 2,000 shares at an exercise price of $23.54 vest in four equal annual installments beginning on this date and expire 01/01/2028. |
| 01/01/2025 | Stock options for 2,300 shares at an exercise price of $24.20 vest in four equal annual installments beginning on this date and expire 01/01/2029. |
| 11/01/2024 | Date of the reported transactions involving the purchase and disposal of common stock through an IRA. |
| 11/06/2024 | Date of the report filing. |
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