Form 4: SmartFinancial Inc. CAO Cynthia Cain Reports Stock Disposal
SEC Form 4 Filing
Cynthia Cain, CAO of SmartFinancial Inc., reports the disposal of 593 shares of common stock to cover tax obligations.
Summary
- On February 29, 2024, Cynthia A. Cain, the Chief Accounting Officer of SmartFinancial Inc. (SMBK), disposed of 593 shares of common stock.
- The transaction was executed at a price of $21.52 per share.
- Following the transaction, Cain directly owns 7,182 shares of SmartFinancial Inc.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by an officer, which is a common occurrence for covering tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares by an officer for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: Disposal of 593 shares of common stock. |
| 03/01/2024 | Date of signature by Attorney-in-Fact. |
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