Form 4: QCR Holdings Inc. Executive Todd Gipple Reports Acquisition of Performance Shares
SEC Form 4
Todd Gipple, President & CFO of QCR Holdings Inc., reports the acquisition and disposal of performance shares, including restricted stock units, on March 1, 2025, and March 3, 2025.
Summary
- On March 4, 2025, Todd Gipple, the President & CFO of QCR Holdings Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report includes transactions involving performance shares, specifically restricted stock units that convert into common stock or cash equivalents.
- On March 1, 2025, Gipple disposed of 989, 799, 830, and 701 performance shares at prices of $43.61, $53.31, $53.87, and $56.79 respectively, related to vesting schedules from 2022 to 2025.
- On March 3, 2025, Gipple acquired 2,674 performance shares at a price of $75.04.
- These restricted stock units vest in equal annual installments, with settlement anticipated in cash.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing transactions of performance shares. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The acquisition of 2,674 performance shares by the CFO could be seen as a positive signal, indicating confidence in the company's future performance.
Future Outlook
The restricted stock units vest in future annual installments, with settlement anticipated in cash.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- Shareholders may be interested in these transactions as they provide insight into executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Start date for vesting of 989 restricted stock units. |
| 03/01/2023 | Start date for vesting of 830 restricted stock units. |
| 03/01/2024 | Start date for vesting of 799 restricted stock units. |
| 03/01/2025 | Disposal of performance shares and start date for vesting of 701 restricted stock units. |
| 03/03/2025 | Acquisition of 2,674 performance shares. |
| 03/03/2026 | Start date for vesting of 2,674 restricted stock units. |
| 03/04/2025 | Date of Form 4 filing. |
| 03/01/2026 | Expiration date for 830 performance shares. |
| 03/03/2029 | Expiration date for 2,674 performance shares. |
| 03/01/2027 | Expiration date for 799 performance shares. |
| 03/01/2028 | Expiration date for 701 performance shares. |
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