Form 4: First Bancshares Inc. CEO M. Ray Cole Jr. Reports Stock Transaction

M. Ray Cole Jr., President, CEO, and Chairman of First Bancshares Inc., reports the disposition of 2,280 shares of common stock to cover tax obligations related to vested restricted stock.

Summary

• On March 1, 2024, M. Ray Cole Jr., the President, CEO, and Chairman of First Bancshares Inc. (FBMS), disposed of 2,280 shares of common stock.
• The transaction was executed to cover tax obligations related to the vesting of restricted stock.
• The shares were disposed of at a price of $24.83 per share.
• Following the transaction, Cole directly owns 143,901 shares of First Bancshares Inc.
• The reported transaction also involved restricted stock granted on March 1, 2019, which vested on March 1, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations from vested stock. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, buy or sell their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.

Key Dates