Form 4: SmartFinancial Inc. Executive Rhett D. Jordan Sells 70 Shares
SEC Form 4 Filing
Rhett D. Jordan, EVP & Chief Credit Officer of SmartFinancial Inc., sold 70 shares of common stock at $28.58 per share on September 12, 2024.
Summary
- On September 12, 2024, Rhett D. Jordan, an EVP & Chief Credit Officer at SmartFinancial Inc. (SMBK), sold 70 shares of the company's common stock.
- The sale price was $28.58 per share.
- Following the transaction, Jordan directly owns 10,908 shares of SmartFinancial Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale. It may raise questions about the executive's confidence in the company, although small sales are common for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of the stock sale transaction. |
| 09/13/2024 | Date of signature on the Form 4 filing. |
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