Form 4: First Bancshares Inc. Director Cole M Ray Jr. Reports Changes in Beneficial Ownership

Director Cole M Ray Jr. of First Bancshares Inc. reports a transaction involving common stock related to vested restricted stock.

Summary

• On July 18, 2024, Cole M Ray Jr., a director, President, CEO, and Chairman of First Bancshares Inc., reported a transaction.
• The transaction involved the disposition of 1,197 shares of common stock at a price of $29.56.
• These shares were surrendered to cover taxes related to the vesting of restricted stock.
• Following the transaction, Cole M Ray Jr. beneficially owns 142,704 shares of common stock, which includes 2,137 shares of restricted stock that vested on July 18, 2024.
• The restricted stock was granted on July 18, 2019.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment to the executive's stock ownership related to tax obligations.

Key Dates