Form 4: CFBK CFO Beerman Granted 8,500 Restricted Shares

CF Bankshares Inc.'s EVP & CFO, Kevin J. Beerman, was granted 8,500 shares of common stock as restricted stock awards.

Summary

• Kevin J. Beerman, Executive Vice President and Chief Financial Officer of CF BANKSHARES INC. (CFBK), acquired 8,500 shares of common stock.
• The transaction occurred on February 23, 2026.
• These shares were granted as restricted stock awards 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, Mr. Beerman beneficially owns a total of 33,817 shares of common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, indicating management's continued commitment and alignment with shareholder interests through equity-based compensation, which is a standard and healthy practice.

Positives

• The grant of restricted stock aligns management's interests with those of shareholders, incentivizing long-term performance.
• Indicates continued commitment of a key executive, the EVP & CFO, to the company's future.

Negatives

• The shares are restricted and subject to a three-year vesting period, meaning no immediate liquidity for the executive.

Industry Context

StockSavvy.ai notes that restricted stock grants are a common compensation tool in the banking sector, designed to incentivize long-term performance and retention of key executives by aligning their financial interests with the company's success.

Comparison to Industry Standards

• Restricted stock awards are a standard component of executive compensation packages across the financial services industry.
• This practice is comparable to those at regional banks like First Financial Bancorp (FFBC) or Wesbanco, Inc. (WSBC), which also utilize equity-based incentives to align executive interests with shareholder value creation and promote executive retention.

Stakeholder Impact

• Shareholders: Interests are further aligned with the EVP & CFO due to his increased equity ownership, potentially leading to more focused long-term value creation.
• Employees: May signal stability in executive leadership and a commitment to long-term company performance.

Next Steps

• The 8,500 restricted stock awards will vest over a three-year period.

Key Dates

Recommendation

The grant of restricted stock to a key executive is a standard compensation practice and does not fundamentally alter the investment thesis for CFBK. It reinforces management's alignment with long-term shareholder value but is not a catalyst for a 'buy' or 'sell' recommendation on its own.

Keywords

CFBK, CF Bankshares, Kevin J. Beerman, Form 4, Restricted Stock, Equity Incentive Plan, Insider Transaction, CFO, Executive Compensation