Form 4: USCB Financial Holdings Executive VP, Operations & IT, Andres Collazo, Reports Stock Transaction
SEC Form 4 Filing
Executive VP, Operations & IT, Andres Collazo, of USCB Financial Holdings, reported the disposition of 281 shares of Class A Voting Common Stock to cover tax obligations related to vesting restricted stock.
Summary
- Andres Collazo, Executive VP, Operations & IT at USCB Financial Holdings, filed a Form 4 indicating a transaction involving the company's stock.
- On January 22, 2025, 281 shares of Class A Voting Common Stock were disposed of 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, Collazo beneficially owns 29,395 shares of Class A Voting Common Stock.
- This includes restricted stock that vests over time, with some vesting in 2026 and 2027.
- Collazo also holds options to purchase 30,000 shares of Class A Voting Stock, which vest over three years starting September 27, 2022.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction, and does not indicate any positive or negative sentiment.
Industry Context
Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are a common practice across all publicly traded companies in the US, including financial institutions like USCB Financial Holdings.
- The vesting schedules for restricted stock and stock options are typical for executive compensation packages in the financial industry.
- The transaction is consistent with standard practices for covering tax obligations related to vesting equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/27/2022 | Date stock options began vesting at a rate of one-third per year. |
| 03/08/2024 | Date restricted stock commenced vesting at a rate of one-third per year. |
| 01/22/2025 | Date of the reported stock transaction and filing of the Form 4. |
| 10/28/2025 | Date restricted stock will begin vesting at a rate of one-third per year. |
| 01/21/2026 | Date restricted stock will begin vesting at a rate of one-third per year. |
| 01/22/2026 | Date 949 shares of restricted stock will vest. |
| 01/22/2027 | Date 948 shares of restricted stock will vest. |
| 09/27/2031 | Expiration date of the stock options. |
Keywords
USCB Financial Holdings, Form 4, insider trading, stock transaction, executive compensation, restricted stock, stock options, Andres Collazo
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