Spencer Jody L 4

What Happened Jody L. Spencer, Chief Legal Officer of Ameris Bancorp (ABCB), received equity awards on Feb 19, 2026: a performance-based grant of 12,424 shares and a time‑based grant of 2,412 shares (total 14,836 shares). To satisfy withholding taxes on the 12,424-share performance grant, 5,534 shares were withheld (disposed) at an implied value of $82.93 per share, totaling approximately $458,935. The grants were reported as acquisitions at $0.00 per share.

Key Details

• Transaction date: February 19, 2026; Form filed February 23, 2026 (filed four days after the transaction; Form 4 is typically due within 2 business days).
• Grants:
  • 12,424 shares (performance stock unit award; originally granted Feb 23, 2023) — recorded as acquisition at $0.00 (footnote F1).
  • 2,412 shares (Ameris Bancorp 2021 Omnibus Equity Compensation Plan) — recorded as acquisition at $0.00; vesting schedule: 804 shares on Feb 19 of 2027, 2028, and 2029 (footnote F3).
• Withholding/tax disposition: 5,534 shares withheld to satisfy tax withholding on the 12,424-share grant; withheld shares noted as disposed at $82.93/share for ~$458,935 (footnote F2). This was a tax withholding, not an open‑market sale (transaction code F).
• Additional note: Reported totals include an extra 30.22537 shares acquired via dividend reinvestment (footnote F4).
• Shares owned after the transaction: Not specified in the provided data.

Context

• These entries reflect stock awards being issued and shares withheld for taxes (common administrative actions), not open-market purchases or discretionary sales. The 12,424-share item is tied to a prior performance award (granted in 2023); the 2,412-share award vests over the next three years per the schedule. The withheld shares satisfy tax obligations and should not be interpreted as a typical insider "sale" signaling investment sentiment.