Form 4: Smartfinancial Inc. Executive Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Gary Wayne Petty Jr., EVP & Chief Risk Officer of Smartfinancial Inc., exercised stock options and sold a portion of the acquired shares on March 5, 2024.
Summary
- On March 5, 2024, Gary Wayne Petty Jr., the EVP & Chief Risk Officer of Smartfinancial Inc. (SMBK), exercised stock options to acquire 3,750 shares of common stock at a price of $9.60 per share.
- Following the exercise of these options, Mr. Petty sold 2,394 shares of common stock at a price of $21.63 per share.
- After these transactions, Mr. Petty directly owns 19,091 shares of Smartfinancial Inc.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/01/2016 | Date stock options became exercisable |
| 09/30/2017 | Date stock options became exercisable |
| 03/01/2024 | Expiration date of stock options |
| 03/05/2024 | Date of stock option exercise and share sale |
| 03/06/2024 | Date of signature on the Form 4 filing |
| 09/30/2025 | Expiration date of stock options |
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