Form 4: Equity Bancshares EVP Kossover Granted Stock Options
Insider Transaction Disclosure
Equity Bancshares Inc. Executive Vice President Gregory H. Kossover received a grant of 8,253 stock options with an exercise price of $44.86, vesting over five years.
Summary
- Gregory H. Kossover, an Executive Vice President and Director of Equity Bancshares Inc. (EQBK), was granted 8,253 stock options on January 5, 2026.
- The options have an exercise price of $44.86 per share and were granted at a price of $0.00 per derivative security.
- These options will vest in five equal annual installments, beginning on January 5, 2027, and are set to expire on January 5, 2036.
- Following this transaction, Mr. Kossover directly owns 66,175 shares of Class A Common Stock and indirectly owns 51,510 shares through the Gregory H. Kossover Revocable Trust.
- He also directly owns 8,253 derivative securities (stock options).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an executive compensation event. It reflects standard practice for aligning executive incentives but does not provide information on company performance or outlook.
Positives
- The grant of 8,253 stock options aligns the executive's interests with long-term shareholder value.
- The five-year vesting schedule encourages continued executive retention and performance, linking compensation to future company success.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Gregory H. Kossover executed a Power of Attorney, authorizing specific individuals (Brad S. Elliott, Chris M. Navratil, Richard M. Sems, and Brett A. Reber) to prepare, execute, and file Forms 3, 4, and 5 with the SEC on his behalf. | 2023-10-25 | Streamlines the process for insider transaction reporting for the executive, ensuring timely compliance with Section 16(a) of the Exchange Act. |
Related Party Transactions
- Gregory H. Kossover indirectly holds 51,510 shares of Class A Common Stock through the Gregory H. Kossover Revocable Trust, of which he is the trustee.
Stakeholder Impact
- Shareholders: The grant of stock options to an executive can align management's interests with long-term shareholder value, potentially encouraging decisions that benefit stock price appreciation.
- Management: The executive, Gregory H. Kossover, receives additional incentive compensation tied to the company's stock performance.
Next Steps
- The granted stock options will vest in five equal annual installments, commencing on January 5, 2027.
Key Dates
| Date | Description |
|---|---|
| 2023-10-25 | Date of Power of Attorney execution by Gregory H. Kossover. |
| 2026-01-05 | Date of stock option grant transaction. |
| 2026-01-07 | Date Form 4 was signed by attorney-in-fact. |
| 2027-01-05 | Date when the first installment of stock options begins to vest. |
| 2036-01-05 | Expiration date of the granted stock options. |
Keywords
Equity Bancshares, EQBK, Gregory H. Kossover, stock option grant, insider transaction, Form 4, executive compensation, director, EVP
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