Form 4: SmartFinancial Inc. Executive Reports Stock Transaction

William Young Jr., President and CEO of SmartFinancial Inc., reports a transaction involving the disposal of 1,837 shares of common stock to cover tax obligations.

Summary

• William Young Jr., the President and CEO of SmartFinancial Inc., has reported a transaction involving the disposal of 1,837 shares of common stock.
• The transaction occurred on January 1, 2025, and the shares were disposed of at a price of $30.98 per share.
• This disposal was likely to cover tax obligations related to the vesting of shares.
• Following the transaction, Mr. Young directly owns 112,496 shares of common stock and indirectly owns 42,666 shares through the William Carroll, Jr. Decendent Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of an insider transaction, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine filing related to insider transactions and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for company insiders in the US, as mandated by the Securities and Exchange Commission (SEC).
• The transaction is typical for executives who receive stock-based compensation and need to cover tax liabilities upon vesting.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive.

Key Dates

Keywords

SmartFinancial Inc., SMBK, William Young Jr., stock transaction, insider trading, Form 4, executive compensation