Form 4: USCB Financial Holdings Executive VP Gomez Reports Stock Disposal
SEC Form 4
Oscar Gomez, Executive VP of Global Banking at USCB Financial Holdings, disposed of 538 shares of Class A Voting Common Stock to cover tax obligations.
Summary
- On March 8, 2024, Oscar Gomez, Executive VP of Global Banking at USCB Financial Holdings, disposed of 538 shares of Class A Voting Common Stock.
- The transaction was executed at a price of $11.15 per share.
- Following the transaction, Gomez beneficially owns 9,173 shares of Class A Voting Common Stock.
- This includes 2,872 shares of restricted stock vesting at one-third per year starting January 22, 2024, and 3,626 shares vesting at one-third per year starting March 8, 2023.
- Gomez also holds options to purchase 20,000 shares of Class A Voting Stock at an exercise price of $12.05, vesting at one-third per year starting September 27, 2021.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a routine transaction to cover tax obligations related to vesting equity.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, but is likely immaterial given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 09/27/2021 | Date of grant for options to purchase Class A Voting Stock, vesting at one-third per year commencing on the first anniversary. |
| 03/08/2023 | Date of grant for 3,626 shares of restricted stock which vest at a rate of one-third per year commencing on the first anniversary. |
| 01/22/2024 | Date of grant for 2,872 shares of restricted stock which vest at a rate of one-third per year commencing on the first anniversary. |
| 03/08/2024 | Date of transaction: disposal of 538 shares of Class A Voting Common Stock. |
| 03/11/2024 | Date of report. |
| 09/27/2031 | Expiration date of options to purchase Class A Voting Stock. |
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