Chambers George T. Jr. 4
Research Summary
AI-generated summary
TRMK Principal Accounting Officer George Chambers Receives Award
What Happened
- George T. Chambers Jr., Principal Accounting Officer of Trustmark Corporation (TRMK), received 4,105 shares on Feb 17, 2026 as the vesting of a performance-based restricted stock award (reported as acquisition at $0.00). Concurrently, 1,205 shares were withheld to satisfy tax withholding obligations; those withheld shares were recorded as disposed at $44.82 each for a value of $54,008.
Key Details
- Transaction date: February 17, 2026 (Form 4 filed Feb 18, 2026).
- Award: 4,105 performance-based restricted shares reported as acquired at $0.00.
- Tax withholding: 1,205 shares withheld/disposed at $44.82 = $54,008.
- Footnote F1: Award reflected 165% vesting for a performance grant made Feb 15, 2023; performance period ended Dec 31, 2025 and vesting certified Feb 17, 2026 by the HR Committee.
- Footnote F2: Withholding of 1,205 shares was to satisfy tax obligations upon vesting.
- Filing timeliness: Form 4 was filed the next day (appears timely under standard two-business-day rule).
- Shares owned after the transaction: not provided in the excerpt of the filing.
Context
- This was a vesting of performance-based restricted stock (an award), not an open-market purchase or a sale driven by trading. The withholding of shares to cover taxes is a common, administrative step following vesting and does not necessarily indicate a change in insider sentiment.