Form 4: USCB Financial Holdings Executive Maricarmen Logrono Reports Stock Transaction
SEC Form 4 Filing
Maricarmen Logrono, EVP and Chief Risk Officer of USCB Financial Holdings, reports a disposition of shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 10, 2025, Maricarmen Logrono, EVP and Chief Risk Officer of USCB Financial Holdings, disposed of 223 shares of Class A Voting Common Stock at a price of $17.81.
- This transaction was to cover tax obligations related to the vesting of restricted stock.
- Following the transaction, Logrono directly owns 10,713 shares of Class A Voting Common Stock, which includes unvested restricted stock.
- Logrono also holds options to purchase 15,000 shares of Class A Voting Stock at an exercise price of $12.05, which vest over three years from September 27, 2021.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/27/2021 | Date of grant for options to purchase Class A Voting Stock, vesting at a rate of one-third per year commencing on the first anniversary. |
| 09/27/2022 | First vesting date for options to purchase Class A Voting Stock. |
| 03/08/2024 | Commencement of vesting for 2,426 shares of restricted stock at a rate of one-third per year. |
| 01/21/2026 | Commencement of vesting for 5,880 shares of restricted stock at a rate of one-third per year. |
| 01/22/2026 | Vesting date for 877 shares of unvested restricted stock. |
| 01/22/2027 | Vesting date for 809 shares of unvested restricted stock. |
| 03/10/2025 | Date of transaction: Disposition of 223 shares of Class A Voting Common Stock. |
| 09/27/2031 | Expiration date for options to purchase Class A Voting Stock. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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