Form 4: John Marshall Bancorp Director Exercises Stock Options and Reports Beneficial Ownership
SEC Form 4 Filing
Director Philip Chase exercises stock options and reports changes in beneficial ownership of John Marshall Bancorp (JMSB) shares.
Summary
- On June 24, 2024, Philip Chase, a director of John Marshall Bancorp, Inc. (JMSB), exercised stock options to acquire 11,250 shares of common stock at a price of $11.77 per share.
- Following the transaction, Chase directly owns 30,374 shares of common stock, including 2,350 unvested restricted stock awards.
- Chase also indirectly owns 74,920 shares through the Philip R. Chase Revocable Trust dated July 19, 2016, over which he has investment control.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction itself is neither particularly positive nor negative. It reflects a director exercising previously granted options.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the actions of company directors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it increases the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| July 19, 2016 | Date of the Philip R. Chase Revocable Trust |
| April 28, 2020 | Date the Stock Options became exercisable |
| April 28, 2025 | Expiration date of the Stock Options |
| June 24, 2024 | Date of transaction (exercise of stock options) |
| February 03, 2025 | Date of signature |
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