Form 4: CrossFirst Bankshares Officer Rapp W. Randall Reports Stock Transactions
SEC Form 4 Filing
W. Randall Rapp, President of CrossFirst Bank, reports the acquisition and disposal of common stock and restricted stock units on May 11, 2024.
Summary
- On May 11, 2024, W. Randall Rapp, President of CrossFirst Bank, engaged in transactions involving CrossFirst Bankshares, Inc. (CFB) common stock and restricted stock units.
- Rapp acquired 5,000 shares of common stock through the vesting of restricted stock units.
- Simultaneously, Rapp disposed of 1,218 shares of common stock to cover tax obligations at a price of $13.38 per share.
- Following these transactions, Rapp directly owns 49,058 shares of CrossFirst Bankshares common stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's sentiment regarding the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 05/11/2021 | Reporting person was granted 15,000 restricted stock units, vesting in three equal annual installments. |
| 05/11/2022 | First vesting date of restricted stock units. |
| 05/11/2023 | Second vesting date of restricted stock units. |
| 05/11/2024 | Date of stock transactions: acquisition of 5,000 shares via restricted stock unit vesting and disposal of 1,218 shares for tax obligations. Final vesting date of restricted stock units. |
| 05/14/2024 | Date of Form 4 signature. |
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