Form 4: USCB Financial Holdings Executive Reports Stock Transaction
SEC Form 4 Filing
Maricarmen Logrono, EVP and Chief Risk Officer at USCB Financial Holdings, disposed of 260 shares of Class A Voting Common Stock to cover tax obligations related to vesting restricted stock.
Summary
- Maricarmen Logrono, an executive at USCB Financial Holdings, filed a Form 4 indicating a transaction involving the company's stock.
- On January 22, 2025, Ms. Logrono disposed of 260 shares of Class A Voting Common Stock at a price of $18.27 per share.
- This transaction was to cover tax obligations related to the vesting of restricted stock.
- Following the transaction, Ms. Logrono beneficially owns 10,936 shares of Class A Voting Common Stock.
- Ms. Logrono also holds options to purchase 15,000 shares of Class A Voting Stock, which vest over time.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction. It does not indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the holdings of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The vesting schedules for restricted stock and options are typical for executive compensation packages in the financial industry.
- The transaction is small in volume and is likely related to tax obligations, which is a common reason for such sales.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small sale by an executive.
- The transaction is a routine part of executive compensation and does not indicate any change in the company's outlook.
Key Dates
| Date | Description |
|---|---|
| 09/27/2021 | Date of grant for stock options which vest at a rate of one-third per year commencing on the first anniversary of the date of grant. |
| 09/27/2022 | First vesting date for stock options. |
| 03/08/2024 | Commencement of vesting for 1,617 shares of restricted stock at a rate of one-third per year. |
| 01/22/2025 | Date of the stock disposal transaction and vesting of some restricted stock. |
| 01/24/2025 | Date the Form 4 was signed. |
| 01/22/2026 | Vesting date for 877 shares of restricted stock and commencement of vesting for 5,880 shares of restricted stock at a rate of one-third per year. |
| 01/22/2027 | Vesting date for 876 shares of restricted stock. |
| 09/27/2031 | Expiration date for stock options. |
Keywords
USCB Financial Holdings, Form 4, insider trading, stock transaction, executive, restricted stock, stock options, beneficial ownership
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