Form 4: First Business Financial Services CEO Acquires Shares and Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Corey Chambas, CEO of First Business Financial Services, acquired 10,240 shares of common stock upon vesting of performance restricted stock units and disposed of 4,814 shares to cover tax obligations.
Summary
- On April 11, 2025, Corey Chambas, the CEO of First Business Financial Services, acquired 10,240 shares of common stock due to the vesting of performance restricted stock units for the period of 2022-2024.
- On the same day, Chambas disposed of 4,814 shares of common stock at a price of $45.04 to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Chambas directly owns 118,516 shares of common stock and indirectly owns 16,992 shares through a 401(k) plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document simply reports transactions related to executive compensation. The vesting of shares is a positive sign, but the sale to cover taxes is a standard procedure.
Positives
- The acquisition of shares upon vesting of performance restricted stock units suggests that performance goals were met during the 2022-2024 period.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/11/2025 | Date of stock acquisition and disposal. |
| 04/15/2025 | Date of signature on the Form 4 filing. |
Keywords
First Business Financial Services, Corey Chambas, stock acquisition, stock disposal, Form 4, performance restricted stock units, CEO, FBIZ
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.