Tate Granville Jr 4
Research Summary
AI-generated summary
Trustmark (TRMK) Secretary Tate Granville Jr Receives Award
What Happened
Tate Granville Jr, Secretary of Trustmark Corporation (TRMK), received 6,841 shares on February 17, 2026 due to the vesting of performance-based restricted stock units (RSUs). To satisfy tax withholding on the vesting, 1,940 shares were withheld (disposed) at $44.82 per share, totaling $86,951. The award shares show an acquisition (A) and the withholding is reported as a disposition (F).
Key Details
- Transaction date: 2026-02-17 (filed on 2026-02-18). Filing appears timely (next-business-day filing).
- Award: 6,841 shares acquired (code A) at $0.00 (RSU vesting, not a cash purchase).
- Tax withholding: 1,940 shares withheld/disposed (code F) at $44.82 per share for $86,951.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: The RSUs were performance-based awards granted Feb 15, 2023 and vested at 165% following the performance period ending Dec 31, 2025; vesting certified Feb 17, 2026.
- F2: The 1,940 shares were withheld to satisfy tax withholding obligations related to the RSU vesting.
Context
This was a vesting of previously granted performance RSUs (an award), not an open-market purchase or sale. Withholding shares for taxes is a common administrative step when RSUs vest and does not necessarily indicate broader selling activity or change in sentiment.