Form 4: CrossFirst Bankshares Officer Daley Reports Stock Transactions
SEC Form 4 Filing
Michael John Daley, Chief Accounting Officer of CrossFirst Bankshares, reports the vesting and subsequent sale of restricted stock units.
Summary
- On February 24, 2025, Michael John Daley, the Chief Accounting Officer of CrossFirst Bankshares, engaged in transactions involving common stock and restricted stock units.
- Daley vested 1,017 restricted stock units, converting them into common stock, and then disposed of 353 shares at a price of $15.98.
- He also vested 1,182 restricted stock units and disposed of 410 shares at $15.98.
- Following these transactions, Daley directly owns 12,162 shares of common stock and 2,364 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| March 1, 2023 | Reporting person was granted 3,049 restricted stock units, vesting in three approximately equal annual installments beginning on the first anniversary of the grant date. |
| March 1, 2024 | Reporting person was granted 3,546 restricted stock units, vesting in three approximately equal annual installments beginning on the first anniversary of the grant date. |
| February 24, 2025 | Date of the reported transactions involving common stock and restricted stock units. |
| February 26, 2025 | Date of signature on the Form 4 filing. |
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