Form 4: CrossFirst Bankshares COO Amy Fauss Reports Stock Transactions
SEC Form 4 Filing
Amy Fauss, COO of CrossFirst Bankshares, reports multiple transactions involving common stock and restricted stock units on February 24, 2025.
Summary
- On February 24, 2025, Amy Fauss, the COO of CrossFirst Bankshares, reported several transactions.
- These transactions involved the acquisition and disposal of common stock and the vesting of restricted stock units.
- The transactions included the vesting of 1,337, 1,593, and 2,266 restricted stock units, which converted into common stock.
- Correspondingly, 464, 552, 786, 335 shares were disposed of to cover tax obligations at a price of $15.98.
- Additionally, 965 and 4,594 shares were acquired related to the settlement of performance-based restricted stock units.
- Following these transactions, Fauss directly owns 100,591 shares of CrossFirst Bankshares common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects normal executive compensation and stock transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the COO's transactions in the company's stock, which can be of interest to investors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
- The transactions reported are typical for executives who receive stock-based compensation, such as restricted stock units.
- Similar filings are made by executives at comparable financial institutions like Bank of America (BAC) and JPMorgan Chase (JPM) when they trade their company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
- The vesting of restricted stock units incentivizes the COO to perform well, aligning her interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Reporting person was granted 4,010 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/01/2023 | Reporting person was granted 4,779 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 6,797 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; vesting of restricted stock units and acquisition/disposal of common stock. |
| 02/26/2025 | 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.