Form 4: USCB Financial Holdings Executive VP, Andres Collazo, Receives Stock Grant
SEC Form 4 Filing
Andres Collazo, Executive VP of Operations & IT at USCB Financial Holdings, received a grant of 6,064 shares of restricted stock.
Summary
- Andres Collazo, Executive VP of Operations & IT at USCB Financial Holdings, filed a Form 4.
- The filing reports the grant of 6,064 shares of Class A Voting Common Stock on January 21, 2025, at a price of $0.
- These shares vest at a rate of one-third per year, starting on January 21, 2026.
- Collazo also holds options to purchase 30,000 shares of Class A Voting Stock at an exercise price of $12.05, which vest at a rate of one-third per year commencing on September 27, 2022.
- Following the reported transaction, Collazo beneficially owns 29,676 shares of Class A Voting Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of executive compensation. The stock grant is a positive for the executive, but doesn't necessarily indicate a strong positive or negative outlook for the company.
Positives
- The grant of restricted stock to a key executive like Andres Collazo could be seen as a positive sign, aligning his interests with the long-term success of USCB Financial Holdings.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the stock options and restricted stock.
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 practices at USCB Financial Holdings.
Comparison to Industry Standards
- Stock grants and options are common forms of executive compensation in the financial services industry.
- Companies like Bank of America, JP Morgan Chase, and Wells Fargo also utilize stock-based compensation to align executive interests with shareholder value.
- The vesting schedules and amounts granted are generally benchmarked against peer companies to attract and retain talent.
Stakeholder Impact
- Shareholders may view the stock grant as a way to incentivize management.
- Employees may see this as part of the overall compensation structure at USCB Financial Holdings.
Key Dates
| Date | Description |
|---|---|
| 09/27/2022 | Commencement of vesting for stock options at a rate of one-third per year. |
| 03/08/2024 | Commencement of vesting for 3,526 shares of restricted stock at a rate of one-third per year. |
| 01/22/2025 | Commencement of vesting for 2,846 shares of restricted stock at a rate of one-third per year. |
| 01/21/2025 | Date of the transaction: grant of 6,064 shares of restricted stock. |
| 10/28/2025 | Commencement of vesting for 15,000 shares of restricted stock at a rate of one-third per year. |
| 01/21/2026 | Commencement of vesting for the newly granted 6,064 shares of restricted stock at a rate of one-third per year. |
| 09/27/2031 | Expiration date for the options to purchase Class A Voting Stock. |
Keywords
USCB Financial Holdings, Andres Collazo, Form 4, Stock Grant, Restricted Stock, Executive Compensation, Beneficial Ownership, Options, Vesting
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