Form 4: USCB Financial Holdings CEO Luis de la Aguilera Reports Stock Transaction
SEC Form 4 Filing
Luis de la Aguilera, President and CEO of USCB Financial Holdings, reports the disposition of 2,340 shares of Class A Voting Common Stock to cover tax obligations related to vesting restricted stock.
Summary
- On March 8, 2024, Luis de la Aguilera, the President and CEO of USCB Financial Holdings, disposed of 2,340 shares of Class A Voting Common Stock.
- The transaction was related to the satisfaction of tax obligations.
- The price per share was $11.15.
- Following the transaction, de la Aguilera beneficially owns 90,874 shares.
- De la Aguilera also holds options to purchase 240,000 shares of common stock at exercise prices of $7.50, $11.35, and $12.05.
- These options vest over time.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock transaction for tax purposes.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2017 | Date from which stock options with an exercise price of $7.50 vested at a rate of 25% per year. |
| 03/08/2023 | Date of grant for 15,785 shares of restricted stock which vest at a rate of one-third per year commencing on the first anniversary of the date of grant. |
| 09/23/2020 | Date from which stock options with an exercise price of $11.35 vested at a rate of one-third per year. |
| 09/27/2022 | Date from which stock options with an exercise price of $12.05 vested at a rate of one-third per year. |
| 01/22/2024 | Date of grant for 12,136 shares of restricted stock which vest at a rate of one-third per year commencing on the first anniversary of the date of grant. |
| 03/08/2024 | Date of the reported stock transaction where 2,340 shares were disposed of to cover tax obligations. |
| 03/11/2024 | Date of the signature on the Form 4 filing. |
| 04/01/2026 | Expiration date for stock options with an exercise price of $7.50. |
| 09/23/2029 | Expiration date for stock options with an exercise price of $11.35. |
| 09/27/2031 | Expiration date for stock options with an exercise price of $12.05. |
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