Form 4: FB Financial Corp: General Counsel Beth W. Sims Reports Tax Withholding of Shares
SEC Form 4 Filing
Beth W. Sims, General Counsel and Corporate Secretary of FB Financial Corp, reports the withholding of 574 common stock shares for tax purposes related to vested restricted stock units on April 1, 2024.
Summary
- On April 1, 2024, Beth W. Sims, General Counsel and Corporate Secretary of FB Financial Corp, had 574 shares of common stock withheld by the issuer for tax purposes.
- This transaction occurred because a portion of previously granted restricted stock units vested on that date.
- The shares were withheld at a price of $36.85 per share.
- Following the transaction, Sims directly owns 19,782 shares of FB Financial Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard equity compensation practices and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, indicating insider transactions related to equity compensation. It's common for companies to withhold shares for taxes upon the vesting of restricted stock units.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: 574 shares of common stock withheld for tax purposes due to vesting of restricted stock units. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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