Form 4: First Mid Bancshares SVP, Chief Risk Officer, Jordan D. Read, Reports Stock Transaction

Jordan D. Read, SVP and Chief Risk Officer at First Mid Bancshares, sold 378 shares of common stock to cover tax obligations related to vested restricted stock.

Summary

• Jordan D. Read, a Senior Vice President and Chief Risk Officer at First Mid Bancshares, filed a Form 4 with the SEC.
• The filing reports a transaction on December 13, 2024, where 378 shares of common stock were disposed of.
• The shares were sold at a price of $41.23 per share.
• This transaction was to cover income tax withholding obligations related to vested restricted stock.
• Following the transaction, Mr. Read beneficially owns 4,941.325 shares of First Mid Bancshares common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider stock transaction, which is neutral in sentiment.

Industry Context

This is a routine Form 4 filing related to insider transactions, which is common for executives at publicly traded companies. It does not indicate any specific trend in the banking industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency in stock transactions.
• The sale of shares to cover tax obligations is a common occurrence when restricted stock vests.
• The transaction is not unusual compared to similar filings by executives at other publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive.
• The sale does not indicate any change in the company's performance or outlook.

Key Dates

Keywords

Form 4, insider trading, stock transaction, First Mid Bancshares, FMBH, Jordan D. Read, Chief Risk Officer, SEC filing, stock sale, restricted stock