Form 4: First Bancshares CFO Donna T. Rutland (Lowery) Reports Stock Transaction

Donna T. Rutland (Lowery), CFO of First Bancshares Inc, reports the disposition of 736 shares of common stock to cover taxes upon vesting of restricted stock.

Summary

• On March 1, 2024, Donna T. Rutland (Lowery), the Chief Financial Officer of First Bancshares Inc, reported a transaction involving the company's common stock.
• She disposed of 736 shares at a price of $24.83 per share.
• This transaction was related to the vesting of restricted stock granted on March 1, 2019, where shares were surrendered to cover taxes.
• Following the transaction, Lowery directly owns 62,472 shares of First Bancshares Inc.
• This includes 2,564 shares of restricted stock that vested on March 1, 2024.

Sentiment

Score: 5

Explanation: This is a neutral report of an insider transaction related to stock vesting, which is a normal part of executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.

Key Dates