Form 4: Capital City Bank CFO Acquires 2,740 Shares

Capital City Bank Group's EVP & CFO, Jep Larkin, acquired 2,740 shares of common stock through an incentive plan, increasing his direct beneficial ownership to 9,760 shares.

Summary

• Jep Larkin, Executive Vice President and Chief Financial Officer of Capital City Bank Group Inc. (CCBG), acquired 2,740 shares of common stock.
• The acquisition occurred on January 20, 2026, and was a grant under the Registrant's Associate Stock-based Incentive Plan (ASIP) at a price of $0 per share.
• Following this transaction, Mr. Larkin directly beneficially owns 9,760 shares of common stock.
• The reported direct beneficial ownership includes 448 shares purchased through the Associate Stock Purchase Plan (ASPP) and 20 shares acquired via the Dividend Reinvestment Plan (DRIP) since the last Form 4 filing, both exempt from Section 16 reporting.
• Mr. Larkin also indirectly beneficially owns 2,609 shares of common stock through a 401K plan.
• A Limited Power of Attorney was granted by Jeptha E. Larkin, effective October 23, 2025, authorizing specific individuals to execute and file Section 16 Forms (3, 4, and 5) on his behalf.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to an increase in insider ownership, which typically signals confidence from management in the company's future prospects and aligns their interests with shareholders.

Positives

• Increased insider ownership: The EVP & CFO's direct beneficial ownership increased by 2,740 shares, aligning management interests with shareholders.
• Incentive plan utilization: The grant under the Associate Stock-based Incentive Plan demonstrates the company's commitment to incentivizing key executives with equity.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This insider transaction reflects a standard practice of executive compensation through equity grants in the banking sector, aiming to align management incentives with long-term shareholder value. It does not provide broader industry trend insights.

Comparison to Industry Standards

• Executive stock-based incentive plans (ASIP) and employee stock purchase plans (ASPP) are common compensation and ownership programs across the financial services industry, including regional banks like Capital City Bank Group, Inc.
• The grant of shares to a CFO is a typical method for retaining and incentivizing key leadership, comparable to practices at peer institutions such as Truist Financial Corporation or Synovus Financial Corp., which also utilize equity compensation to foster long-term alignment.

Corporate Governance

Related Party Transactions

• The acquisition of 2,740 shares by Jep Larkin, an executive officer, under an Associate Stock-based Incentive Plan is a related party transaction.

Stakeholder Impact

• Shareholders: Increased insider ownership can be viewed positively, suggesting management's confidence and alignment with shareholder interests, potentially boosting investor sentiment.
• Employees: The existence of an Associate Stock-based Incentive Plan (ASIP) and Associate Stock Purchase Plan (ASPP) indicates company programs designed to foster employee ownership and engagement.

Next Steps

• The appointed attorneys-in-fact will continue to execute and file Forms 3, 4, and 5 on behalf of Jeptha E. Larkin as required by Section 16(a) of the Securities Exchange Act of 1934.

Key Dates

Recommendation

The acquisition of shares by a key executive like the EVP & CFO, even through an incentive grant, is a positive signal. It indicates management's continued commitment and belief in the company's future, aligning their financial interests with those of shareholders. This insider confidence can be a favorable factor for investors considering a 'buy' position, especially when combined with other positive fundamentals.

Keywords

Capital City Bank Group, CCBG, Jep Larkin, Insider Trading, Form 4, Stock Grant, Executive Compensation, Beneficial Ownership, Financial Services, Banking