Form 4: CF Bankshares CEO O'Dell Granted 18,000 Restricted Shares

CF Bankshares CEO Timothy T. O'Dell received a grant of 18,000 restricted common stock shares under the company's 2019 Equity Incentive Plan.

Summary

• Timothy T. O'Dell, CEO and Director of CF BANKSHARES INC. (CFBK), was granted 18,000 shares of common stock.
• The transaction occurred on February 23, 2026, with an acquisition price of $0.00 per share, indicating a grant.
• These shares represent restricted stock awards granted under the Central Federal Corporation 2019 Equity Incentive Plan.
• The restricted stock awards are subject to vesting over a three-year period.
• Following this transaction, Timothy T. O'Dell directly beneficially owns 308,121 shares of common stock.
• Indirect beneficial ownership includes 4,579 shares held by Colleen O'Dell as Custodian for Sarah F. O'Dell and 5,454 shares held by Colleen O'Dell as Spouse.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as it strengthens the alignment of the CEO's financial interests with long-term shareholder value through increased equity ownership.

Positives

• The grant of 18,000 restricted shares to the CEO significantly increases his equity stake in CF Bankshares, aligning his interests more closely with long-term shareholder value.
• The award is part of an established equity incentive plan (Central Federal Corporation 2019 Equity Incentive Plan), indicating a structured approach to executive compensation and retention.

Risks

• The value of the restricted stock awards is subject to the future market performance of CF Bankshares' common stock.
• The shares are subject to a three-year vesting period, meaning the CEO does not immediately have full ownership and the full benefit is contingent on continued employment and company performance over that period.

Future Outlook

The grant of restricted stock with a three-year vesting period indicates a long-term commitment from the CEO and aligns his future financial incentives with the sustained performance and growth of CF Bankshares.

Industry Context

StockSavvy.ai notes that restricted stock grants are a common executive compensation tool to align management incentives with long-term shareholder value, particularly in the banking sector where stability and sustained growth are key. This grant to CEO Timothy T. O'Dell is consistent with industry practices aimed at executive retention and performance motivation.

Comparison to Industry Standards

• StockSavvy.ai observes that grants of restricted stock to executive leadership, such as the 18,000 shares to CF Bankshares CEO Timothy T. O'Dell, are a standard practice across the financial services industry.
• Similar equity incentive plans are utilized by regional banks like First Financial Bancorp (FFBC) and Wesbanco, Inc. (WSBC) to retain talent and incentivize performance.
• The three-year vesting period is also typical, mirroring structures seen in compensation packages at comparable institutions, ensuring long-term commitment rather than short-term gains.

Related Party Transactions

• Timothy T. O'Dell has indirect beneficial ownership through his spouse, Colleen O'Dell, who acts as custodian for Sarah F. O'Dell (4,579 shares) and as spouse (5,454 shares).

Stakeholder Impact

• Shareholders: The increased equity ownership by the CEO can be seen as positive, as it aligns management's financial incentives with the company's long-term performance, potentially benefiting shareholder returns.
• Employees: The grant under an equity incentive plan may signal a commitment to performance-based compensation, potentially influencing employee morale and retention strategies.

Next Steps

• The restricted stock awards will vest over a three-year period following the grant date.

Key Dates

Keywords

CF Bankshares, CFBK, Timothy T. O'Dell, Restricted Stock, Equity Incentive Plan, Insider Transaction, CEO Compensation, Form 4