Form 4: Colony Bankcorp Executive Discloses Future Stock Disposition for Tax Liability

Colony Bankcorp's EVP & Chief Credit Officer, Leonard H. Bateman JR, has filed a Form 4 disclosing a future disposition of 707 shares of common stock on July 2, 2025, to cover tax liabilities related to stock vesting.

Summary

• Leonard H. Bateman JR, Executive Vice President and Chief Credit Officer of Colony Bankcorp Inc. (CBAN), is the reporting person.
• A transaction involving the disposition of 707 shares of COLONY BANKCORP, INC COMMON STOCK is scheduled for July 2, 2025.
• The shares are being relinquished at a price of $16.53 per share.
• The purpose of the disposition is to cover tax liability related to stock vesting.
• Following this transaction, Leonard H. Bateman JR will directly own 17,355 shares.
• An additional 12,666.59 shares are indirectly owned through a 401(k) plan.
• The direct beneficial ownership includes shares acquired through reinvested dividends and salary deferral.
• The indirect beneficial ownership includes shares acquired through 401(k) company match and reinvested dividends.

Sentiment

Score: 5

Explanation: The filing reports a routine disposition of shares by an executive to cover tax liabilities associated with stock vesting, which is a standard practice and does not indicate a change in company fundamentals or executive sentiment towards the company.

Positives

• Executive received vested stock, indicating compensation and alignment with shareholder interests.

Negatives

• A reduction of 707 shares in direct beneficial ownership will occur.

Future Outlook

The filing is a disclosure of a specific future transaction and does not provide a general future outlook or guidance for the company.

Industry Context

This filing is a routine insider transaction disclosure, common across all publicly traded companies, and does not reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock holdings and a minor, routine disposition of shares that is unlikely to have a material impact on the company's stock price or overall share structure.

Key Dates

Keywords

SEC Form 4, Colony Bankcorp, CBAN, insider transaction, stock disposition, tax liability, stock vesting, executive compensation, financial reporting