4/A: USCB Financial Holdings Executive Receives Stock Grant, Corrects Previous Filing
SEC Form 4/A Filing
A USCB Financial Holdings executive, Maricarmen Logrono, received a grant of 5,880 restricted shares and corrected a previous filing that incorrectly reported the transaction as a disposition.
Summary
- Maricarmen Logrono, an EVP and Chief Risk Officer at USCB Financial Holdings, received a grant of 5,880 shares of restricted stock.
- These shares will vest at a rate of one-third per year, starting on January 21, 2026.
- A previous filing on January 23, 2025, incorrectly reported this transaction as a disposition of shares.
- The corrected filing shows that Ms. Logrono now beneficially owns 11,196 shares of Class A Voting Common Stock.
- This includes 2,630 shares vesting from January 22, 2025, and 1,617 shares vesting from March 8, 2024.
- Ms. Logrono also holds options to purchase 15,000 shares of Class A Voting Stock, which vest over three years from September 27, 2021.
Sentiment
Score: 7
Explanation: The document reflects a routine executive compensation event and a correction of a previous error, which is neutral to slightly positive.
Positives
- The grant of restricted stock aligns the executive's interests with the company's long-term performance.
- The correction of the previous filing ensures accurate reporting of ownership.
Industry Context
This type of filing is standard for publicly traded companies and reflects routine executive compensation practices.
Comparison to Industry Standards
- Stock grants and options are common forms of executive compensation in the financial services industry.
- Vesting schedules, such as the one-third per year structure, are typical for aligning executive interests with long-term company performance.
- Companies like JPMorgan Chase, Bank of America, and Wells Fargo also use similar compensation structures for their executives.
Stakeholder Impact
- Shareholders may view the stock grant as a positive incentive for the executive.
- The correction of the previous filing ensures transparency and accurate reporting.
Key Dates
| Date | Description |
|---|---|
| 09/27/2021 | Date of grant for options to purchase Class A Voting Stock, which vest over three years. |
| 03/08/2024 | Commencement of vesting for 1,617 restricted shares. |
| 01/22/2025 | Commencement of vesting for 2,630 restricted shares. |
| 01/21/2025 | Date of the stock grant of 5,880 restricted shares. |
| 01/23/2025 | Date of the original, incorrect filing. |
| 01/24/2025 | Date of the corrected filing. |
| 01/21/2026 | Commencement of vesting for the 5,880 restricted shares. |
Keywords
USCB Financial Holdings, stock grant, restricted stock, beneficial ownership, executive compensation, Form 4, insider trading, vesting
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