Form 4: CrossFirst Bankshares Director Stephen K. Swinson Acquires Additional Shares

Director Stephen K. Swinson increased his holdings in CrossFirst Bankshares through the acquisition of common stock in lieu of cash retainer fees.

Summary

• On May 17, 2024, Stephen K. Swinson, a director of CrossFirst Bankshares, Inc., acquired 7,175 shares of common stock at a price of $13.59 per share.
• This acquisition was made in lieu of receiving cash retainer fees, as Swinson elected to receive common stock as part of his annual compensation.
• The shares were deferred in accordance with the Directors' Deferred Fee Plan.
• Following the transaction, Swinson's total holdings increased to 117,961 shares, which includes 38,079 shares of phantom stock credited under the Directors' Deferred Fee Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a stock acquisition by a director as part of a compensation plan. The director's decision to take stock instead of cash could be seen as a slightly positive signal.

Positives

• A director electing to receive stock in lieu of cash may signal confidence in the company's future performance.

Future Outlook

All credited shares of phantom stock will be settled in common stock upon termination of service as a director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future actions of key personnel.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased investment in the company.

Key Dates