Form 4: CrossFirst Bankshares CEO Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
CEO Mike Maddox exercised stock options and disposed of shares of CrossFirst Bankshares, according to a recent SEC filing.
Summary
- Mike Maddox, the President and CEO of CrossFirst Bankshares, executed transactions involving the company's stock on September 19, 2024.
- Maddox exercised stock settled appreciation rights, acquiring 30,000 shares at a price of $7.50.
- He then disposed of 7,399 shares to cover tax obligations at $17.65.
- Additionally, Maddox disposed of 12,748 shares at $17.65.
- Following these transactions, Maddox directly owns 153,759 shares of common stock.
- He also holds 38,570 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions without indicating a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The information is used by investors to understand management's view of the company's value and prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they provide insight into the CEO's actions regarding company stock.
Key Dates
| Date | Description |
|---|---|
| 10/25/2018 | Date exercisable for 29,388 shares. |
| 05/01/2019 | Date exercisable for 612 shares. |
| 09/19/2024 | Date of the transactions: exercising options and disposing of shares. |
| 09/23/2024 | Date of signature on the Form 4 filing. |
| 05/01/2025 | Expiration date for stock settled appreciation rights. |
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