Form 4: CrossFirst Bankshares CEO Mike Maddox Reports Stock Transactions
SEC Form 4 Filing
Mike Maddox, President and CEO of CrossFirst Bankshares, reports the vesting and subsequent sale of restricted stock units on February 24, 2024.
Summary
- On February 24, 2024, Mike Maddox, the President and CEO of CrossFirst Bankshares, executed transactions involving restricted stock units.
- Maddox vested 4,274 restricted stock units that were granted on February 24, 2021.
- He also vested 4,597 restricted stock units that were granted on February 24, 2022.
- Following the vesting, Maddox sold 1,481 shares at $13.12 and 1,398 shares at $13.12 to cover tax obligations.
- After these transactions, Maddox directly owns 123,833 shares of common stock and 4,598 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased volume of shares traded.
Key Dates
| Date | Description |
|---|---|
| 02/24/2021 | Grant date of 12,821 restricted stock units vesting in three equal annual installments. |
| 02/24/2022 | Grant date of 13,793 restricted stock units vesting in three equal annual installments. |
| 02/24/2024 | Date of transactions: vesting of restricted stock units and sale of shares. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.