Form 4: CrossFirst Bankshares CFO Benjamin Clouse Reports Stock Transactions
SEC Form 4
CFO Benjamin R. Clouse of CrossFirst Bankshares, Inc. reports the acquisition and disposal of common stock and stock settled appreciation rights on November 6, 2024.
Summary
- On November 6, 2024, Benjamin R. Clouse, CFO of CrossFirst Bankshares, Inc., engaged in transactions involving the company's common stock and stock settled appreciation rights.
- Clouse acquired 10,714 shares of common stock at a price of $14.14.
- He disposed of 662 shares at $17.91 to cover tax obligations.
- He also disposed of 8,459 shares at $17.91.
- Clouse exercised stock settled appreciation rights, converting 3,571 shares from rights expiring on 07/28/2031 that were exercisable from 07/28/2022, 3,572 shares from rights expiring on 07/28/2031 that were exercisable from 07/28/2023 and 3,571 shares from rights expiring on 07/28/2031 that were exercisable from 07/28/2024.
- Following these transactions, Clouse directly owns 24,355 shares of CrossFirst Bankshares common stock.
- He also holds 14,286 stock settled appreciation rights expiring on 07/28/2031 that are exercisable from 07/28/2024, 17,857 stock settled appreciation rights expiring on 07/28/2031 that are exercisable from 07/28/2023 and 21,429 stock settled appreciation rights expiring on 07/28/2031 that are exercisable from 07/28/2022.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives like the CFO, which can offer insights into their perspective on the company's performance and future prospects.
Stakeholder Impact
- Shareholders can use this information to understand the CFO's investment activity in the company.
- The transactions may have a minor impact on the stock's trading volume.
Key Dates
| Date | Description |
|---|---|
| 07/28/2022 | Date stock settled appreciation rights became exercisable |
| 07/28/2023 | Date stock settled appreciation rights became exercisable |
| 07/28/2024 | Date stock settled appreciation rights became exercisable |
| 11/06/2024 | Date of the reported transactions |
| 07/28/2031 | Expiration date of stock settled appreciation rights |
| 11/08/2024 | Date of signature on the Form 4 |
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