Form 4: ServisFirst Bancshares CEO Thomas Broughton Reports Gift of 1,000 Shares
SEC Form 4
ServisFirst Bancshares CEO Thomas Broughton reported gifting 1,000 shares of common stock and disclosed beneficial ownership of shares held directly, by his wife, through TAB2, LLC, and in a 401(k) plan.
Summary
- Thomas A. Broughton, Chairman, President, and CEO of ServisFirst Bancshares, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On July 22, 2024, Broughton gifted 1,000 shares of common stock.
- Following the transaction, Broughton directly owns 276,834 shares, which includes 10,631 shares of unvested restricted stock.
- He also has indirect ownership of 55,138 shares through his wife, 497,812 shares through TAB2, LLC, and 2,775 shares through a 401(k) plan.
- TAB2, LLC holds 190,000 shares and TAB3, LLC holds 300,000 shares, which are managed by a third party manager and are not included in the reported holdings.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/22/2024 | Date of the stock transaction (gift of 1,000 shares). |
| 07/23/2024 | Date of signature by Attorney-In-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.