Form 4: First Business Financial Services Executive James Hartlieb Reports Stock Disposal
SEC Form 4 Filing
James Edward Hartlieb, Pres&CEO of First Business Bank, disposed of 96 shares of First Business Financial Services, Inc. common stock on August 16, 2024, to cover tax obligations.
Summary
- On August 16, 2024, James Edward Hartlieb, the Pres&CEO of First Business Bank, disposed of 96 shares of First Business Financial Services, Inc. (FBIZ) common stock.
- The transaction was executed at a price of $42.96 per share.
- Following the transaction, Hartlieb directly owns 34,505.874 shares of FBIZ common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of an insider transaction. The disposal of shares appears to be for tax purposes, which is a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of stock disposal transaction |
| 08/20/2024 | Date of signature on the report |
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