Form 4: John Marshall Bancorp Executive Andrew Peden Reports Stock Disposals
SEC Form 4 Filing
Andrew Peden, Chief Banking Officer of John Marshall Bancorp, reports the disposal of common stock to cover tax obligations related to unvested restricted stock awards.
Summary
- Andrew Peden, the Chief Banking Officer of John Marshall Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On December 19, 2024, Peden disposed of 102 shares of common stock at a price of $21.
- On December 20, 2024, Peden disposed of 150 shares of common stock at a price of $21.5.
- These transactions were likely to cover tax obligations related to unvested restricted stock awards.
- Following these transactions, Peden beneficially owns 23,345 shares of John Marshall Bancorp.
- This includes 6,596 shares relating to unvested restricted stock awards issuable upon vesting.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals by an executive. The disposals appear related to tax obligations, which is a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of the outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 12/19/2024 | Disposal of 102 shares of common stock at $21 per share. |
| 12/20/2024 | Disposal of 150 shares of common stock at $21.5 per share. |
| 12/23/2024 | Date of signature for the Form 4 filing. |
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