Form 4: CrossFirst Bankshares Officer Rapp W. Randall Reports Stock Transactions
SEC Form 4
W. Randall Rapp, President of CrossFirst Bank, reports multiple transactions involving common stock and restricted stock units on February 24 and 25, 2025.
Summary
- W. Randall Rapp, President of CrossFirst Bank, filed a Form 4 detailing changes in beneficial ownership.
- On February 24, 2025, Rapp exercised restricted stock units, acquiring 1,618, 2,556, and 3,251 shares of common stock.
- Simultaneously, Rapp disposed of shares to cover tax obligations related to the vesting of these restricted stock units.
- The disposal prices were $15.98 per share.
- Additionally, Rapp acquired 3,906 and 821 shares related to the settlement of performance-based restricted stock units.
- On February 25, 2025, Rapp disposed of 198 shares at $15.98.
- Following these transactions, Rapp directly owns 59,194 shares of CrossFirst Bankshares common stock.
Sentiment
Score: 5
Explanation: This is a neutral report 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
- Shareholders may be interested in insider trading activity as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Reporting person was granted 4,855 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 7,668 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 03/01/2024 | Reporting person was granted 9,752 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 02/24/2025 | Earliest transaction date; Rapp exercised restricted stock units and acquired shares. |
| 02/25/2025 | Rapp disposed of 198 shares of common stock. |
| 02/26/2025 | Date of signature on the Form 4 filing. |
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