Form 4: Southern States Bancshares Executive Gregory B. Smith Reports Gift of Common Stock
SEC Form 4 Filing
Gregory B. Smith, Chief Risk Officer of Southern States Bancshares, reported a gift of 175 shares of common stock on March 10, 2025, reducing his direct holdings.
Summary
- Gregory B. Smith, the Chief Risk Officer of Southern States Bancshares, Inc. (SSBK), filed a Form 4 on March 11, 2025.
- The form reports a transaction that occurred on March 10, 2025, where Mr. Smith gifted 175 shares of common stock.
- Following the transaction, Mr. Smith directly owns 71,992 shares of Southern States Bancshares, Inc.
- This total includes 19,976 vested restricted units and 3,022 unvested restricted shares which will incrementally vest annually by February 19, 2028.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction represents a small change in ownership for the reporting person.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small change in the ownership of a company insider.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of the transaction (gift of common stock). |
| 03/11/2025 | Date of Form 4 filing. |
| 2/19/2028 | Date of final vesting of unvested restricted shares. |
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