Form 4: FB Financial Corp CFO Michael Mettee Reports Share Disposal for Tax Obligations

Michael Mettee, CFO of FB Financial Corp, disposed of 1,132 shares to cover tax obligations related to vested restricted stock units.

Summary

• On April 1, 2025, Michael M. Mettee, the Chief Financial Officer of FB Financial Corp, disposed of 1,132 shares of common stock.
• The disposal was to cover tax obligations related to the vesting of restricted stock units.
• The shares were sold at a price of $46.14 per share.
• Following the transaction, Mettee directly owns 36,296 shares of FB Financial Corp.
• Mettee also indirectly owns 1,358.39 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects a routine transaction to cover tax obligations, with no indication of positive or negative outlook.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies like FB Financial Corp, such as Pinnacle Financial Partners and First Horizon, when vested equity awards result in tax liabilities.
• These companies' executives often sell a portion of their shares to cover these obligations, maintaining compliance with SEC regulations and aligning with standard corporate governance practices.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

FB Financial Corp, FBK, Michael M. Mettee, CFO, Form 4, Share Disposal, Restricted Stock Units, Tax Obligations, Beneficial Ownership, Insider Trading