Form 4: QCR Holdings Inc. Executive Monte C. McNew Reports Stock Transactions
SEC Form 4
Monte C. McNew, President & CEO of SFC at QCR Holdings Inc., reports the acquisition and disposal of common stock and performance shares on March 1, 2024.
Summary
- On March 1, 2024, Monte C. McNew, President & CEO of SFC at QCR Holdings Inc., engaged in multiple transactions involving the company's stock.
- McNew acquired common stock through the vesting of performance shares at prices of $56.79 (415 shares), $53.87 (170 shares), and $53.31 (150 shares).
- McNew also disposed of 3,405 common stock shares.
- Additionally, McNew acquired performance shares, including 573 shares exercisable on March 1, 2025, 208 shares exercisable on March 1, 2024, 234 shares exercisable on March 1, 2023, and 769 shares exercisable on March 1, 2025.
- Following these transactions, McNew directly owns 3,725 shares of common stock and indirectly owns 1,669.04 shares through a managed account.
- McNew also holds various performance shares with different vesting schedules.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice across the financial industry to monitor such filings for insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- The reported transactions are typical for executives receiving stock-based compensation and managing their personal investment portfolios.
- Similar filings can be observed for executives at comparable financial institutions like U.S. Bancorp (USB) or PNC Financial Services (PNC).
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
- Employees who also hold QCRH stock may be interested in these insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Restricted stock units vest in four annual equal installments beginning on this date. |
| 03/01/2023 | Restricted stock units vest in four annual equal installments beginning on this date. |
| 03/01/2024 | Date of earliest transaction; restricted stock units vest in four annual equal installments beginning on this date. |
| 03/01/2025 | Restricted stock units vest in four annual equal installments beginning on this date. |
| 03/05/2024 | Date of signature for the report. |
| 03/01/2025 | Expiration date for some performance shares. |
| 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. |
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