Form 4: CrossFirst Bankshares CFO Benjamin R. Clouse Reports Stock Transactions
SEC Form 4
CFO Benjamin R. Clouse reports multiple transactions involving CrossFirst Bankshares common stock, including the exercise of restricted stock units and subsequent disposal of shares to cover tax obligations.
Summary
- On February 24, 2025, Benjamin R. Clouse, CFO of CrossFirst Bankshares, engaged in several transactions involving the company's common stock.
- These transactions included the exercise of restricted stock units (RSUs) and the disposal of shares to satisfy tax withholding obligations.
- Clouse exercised 1,796, 2,674, and 3,323 restricted stock units, acquiring a total of 7,793 shares.
- Simultaneously, Clouse disposed of 623, 927, 1,060, 267, and 1,273 shares to cover tax liabilities at a price of $15.98 per share.
- Additionally, Clouse acquired 910 and 4,436 shares related to the settlement of performance-based restricted stock units.
- Following these transactions, Clouse directly owns 33,344 shares of CrossFirst Bankshares common stock and 6,645 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Reporting person was granted 5,389 restricted stock units, vesting in three approximately equal annual installments beginning on the first anniversary of the grant date. |
| 03/01/2023 | Reporting person was granted 8,024 restricted stock units, vesting in three approximately equal annual installments beginning on the first anniversary of the grant date. |
| 03/01/2024 | Reporting person was granted 9,968 restricted stock units, vesting in three approximately equal annual installments beginning on the first anniversary of the grant date. |
| 02/24/2025 | Date of earliest transaction: exercise of restricted stock units and disposal of shares for tax obligations. |
| 02/26/2025 | Date of signature for the Form 4 filing. |
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