Form 4: ServisFirst Bancshares CEO Thomas Broughton Reports Stock Gift
SEC Form 4 Filing
Thomas Broughton, Chairman, President, and CEO of ServisFirst Bancshares, reported a gift of 1,000 shares of common stock.
Summary
- On October 29, 2024, Thomas A. Broughton, Chairman, President, and CEO of ServisFirst Bancshares, reported a transaction involving the company's common stock.
- Mr. Broughton gifted 1,000 shares of common stock.
- Following the transaction, Mr. Broughton directly owns 275,834 shares of common stock, which includes 10,631 shares of unvested restricted stock.
- He also indirectly owns 55,138 shares through his wife, 497,812 shares through TAB2 LLC, and 2,775 shares through a 401(k) plan.
- The shares held by TAB2 LLC are in a GRAT for the benefit of Mr. Broughton's children, for which he retains the power of substitution.
- Mr. Broughton does not include 190,000 shares held by TAB2, LLC and 300,000 shares held by TAB3, LLC, which are managed by a third party manager.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to investors regarding the holdings of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 10/29/2024 | Date of stock gift transaction |
| 10/30/2024 | Date of signature on the Form 4 filing |
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