Form 4: USCB Financial Holdings EVP Maricarmen Logrono Reports Stock Grant and Holdings
SEC Form 4 Filing
Maricarmen Logrono, EVP and Chief Risk Officer of USCB Financial Holdings, reports the acquisition of restricted stock and existing option holdings.
Summary
- On January 21, 2025, Maricarmen Logrono, EVP and Chief Risk Officer of USCB Financial Holdings, reported a transaction on Form 4.
- Logrono was granted 5,880 shares of restricted Class A Voting Common Stock, vesting at a rate of one-third per year starting January 21, 2026.
- Following the reported transaction, Logrono beneficially owns 11,196 shares of Class A Voting Common Stock.
- This includes 2,630 shares of restricted stock vesting from January 22, 2025, and 1,617 shares vesting from March 8, 2024.
- Logrono also holds options to purchase 15,000 shares of Class A Voting Stock at an exercise price of $12.05, vesting from September 27, 2022.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock grants and holdings. It reflects ongoing compensation practices.
Positives
- The grant of restricted stock to a key executive aligns their interests with the long-term performance of the company.
Future Outlook
NA
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates compensation in the form of stock grants.
Stakeholder Impact
- The stock grant may have a minor positive impact on shareholder sentiment as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| February 1, 2024 | Date of Power of Attorney execution. |
| March 8, 2024 | Commencement date for vesting of 1,617 restricted shares. |
| January 22, 2025 | Commencement date for vesting of 2,630 restricted shares. |
| January 21, 2025 | Date of the reported transaction (grant of 5,880 restricted shares). |
| January 21, 2026 | Commencement date for vesting of 5,880 restricted shares. |
Keywords
Form 4, USCB Financial Holdings, Maricarmen Logrono, restricted stock, beneficial ownership, options, EVP, Chief Risk Officer
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