Form 4: QCR Holdings Inc. Executive Monte C. McNew Reports Stock Transactions
SEC Form 4 Filing
Monte C. McNew, President & CEO of GBank (a subsidiary of QCR Holdings Inc.), reports the acquisition and disposal of common stock and performance shares.
Summary
- On March 1, 2025, Monte C. McNew, President & CEO of GBank, executed multiple transactions involving QCR Holdings Inc. common stock and performance shares.
- McNew acquired common stock through the vesting of performance shares at prices of $43.61, $53.87, $53.31, and $56.79.
- He also acquired 714 performance shares on March 3, 2025, at a price of $75.04.
- Following these transactions, McNew directly owns 4,590 shares of common stock and indirectly owns 2,127.13 shares through a managed account.
- He also directly owns various performance shares with different vesting schedules and expiration dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to executive compensation. There is no indication of positive or negative implications for the company's performance.
Positives
- The acquisition of performance shares could be seen as a positive sign, indicating management's belief in the company's future performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect the execution of pre-existing compensation plans.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Beginning date of vesting for some restricted stock units. |
| 03/01/2023 | Beginning date of vesting for some restricted stock units. |
| 03/01/2024 | Beginning date of vesting for some restricted stock units. |
| 03/01/2025 | Date of multiple transactions involving common stock and performance shares. |
| 03/03/2025 | Date of acquisition of performance shares. |
| 03/03/2026 | Beginning date of vesting for some restricted stock units. |
| 03/01/2026 | Expiration date for some performance shares. |
| 03/01/2027 | Expiration date for some performance shares. |
| 03/01/2028 | Expiration date for some performance shares. |
| 03/03/2029 | Expiration date for some performance shares. |
| 03/04/2025 | Date of signature on the Form 4. |
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