Form 4: CrossFirst Bankshares Officer Meggin Nilssen Reports Stock Transactions
SEC Form 4 Filing
Meggin Nilssen, Chief Marketing Officer of CrossFirst Bankshares, reports the vesting and subsequent sale of restricted stock units.
Summary
- Meggin Nilssen, the Chief Marketing Officer of CrossFirst Bankshares, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 24, 2025, Nilssen vested and sold shares related to restricted stock units (RSUs).
- These RSUs were granted in three tranches on February 24, 2022, March 1, 2023, and March 1, 2024, vesting annually.
- The transactions included the vesting of 525, 714, and 867 RSUs, and the subsequent disposition of shares to cover tax obligations at a price of $15.98 per share.
- Following these transactions, Nilssen directly owns 4,587 shares of CrossFirst Bankshares common stock and 1,733 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an officer, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine equity compensation activity.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Grant date of 1,575 restricted stock units, vesting in three annual installments. |
| 03/01/2023 | Grant date of 2,140 restricted stock units, vesting in three annual installments. |
| 03/01/2024 | Grant date of 2,600 restricted stock units, vesting in three annual installments. |
| 02/24/2025 | Date of reported transactions: vesting and sale of shares related to RSUs. |
| 02/26/2025 | Date of Form 4 filing. |
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