Form 4: Colony Bankcorp CFO Derek Shelnutt Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CFO Derek Shelnutt reports changes in beneficial ownership of Colony Bankcorp stock due to tax liability, dividend reinvestment, and 401k activity.
Summary
- On July 2, 2024, Derek Shelnutt, CFO of Colony Bankcorp Inc., reported changes in his beneficial ownership of the company's common stock.
- He relinquished 1,005 shares to cover tax liabilities related to stock vesting at a price of $12.15 per share.
- Following the transaction, Shelnutt directly owns 7,034 shares of Colony Bankcorp Inc. common stock.
- He also indirectly owns 3,598 shares through a 401k.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of transaction: shares relinquished for tax liability. |
| 07/03/2024 | Date of signature by Attorney-in-fact. |
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