Form 4: Southern States Bancshares Director Acquires Shares Through Restricted Stock Grant
SEC Form 4 Filing
Alfred J. Hayes Jr., a director of Southern States Bancshares, acquired 905 shares of common stock through a restricted stock grant on February 19, 2025.
Summary
- On February 19, 2025, Alfred J. Hayes Jr., a director of Southern States Bancshares, acquired 905 shares of common stock.
- The acquisition was a result of a restricted stock grant.
- The price per share was $0.
- Following the transaction, Hayes directly owns 6,796 shares of Southern States Bancshares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. The sentiment is neither positive nor negative.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of transaction: Alfred J. Hayes Jr. acquired 905 shares of common stock through a restricted stock grant. |
| 02/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Southern States Bancshares, Director, Hayes, Stock Acquisition, Restricted Stock, SSBK, Form 4
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