Form 4: SMARTFINANCIAL EVP Sells Shares for Tax Obligations

SMARTFINANCIAL Inc.'s EVP & Chief Credit Officer, Rhett D. Jordan, disposed of 816 shares of common stock to cover tax withholding obligations at a price of $36.99 per share.

Summary

• Rhett D. Jordan, Executive Vice President & Chief Credit Officer of SMARTFINANCIAL INC. (SMBK), reported a transaction involving the company's common stock.
• On January 1, 2026, Mr. Jordan disposed of 816 shares of common stock.
• The disposition was made at a price of $36.99 per share.
• This transaction was coded 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Mr. Jordan beneficially owns 9,288 shares of common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares for tax withholding purposes, which is neutral in terms of market sentiment and does not indicate a change in the insider's confidence or the company's performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction related to tax withholding on equity compensation, which is a common occurrence across all industries for executives receiving stock-based awards. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in the company's fundamentals or management's outlook.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by an executive to cover tax withholding obligations. Such transactions are common and do not typically reflect a change in the executive's confidence in the company or its future prospects. Therefore, this filing alone does not provide new information that would warrant a change from a 'hold' recommendation.

Keywords

SMARTFINANCIAL, SMBK, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Rhett D. Jordan, EVP, Chief Credit Officer