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Ameris Bancorp·4

Feb 26, 6:00 PM ET

Bassett Lawton E III 4

Research Summary

AI-generated summary

Updated

Ameris Bancorp (ABCB) Bank President Bassett Lawton E III Sells 615 Shares

What Happened
Bassett Lawton E III, Bank President of Ameris Bancorp (ABCB), had 615 shares of company stock disposed (withheld) on Feb 24, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock. The 615 shares were recorded at $79.35 each, for a total value of about $48,800.

Key Details

  • Transaction date: 2026-02-24; Form filed: 2026-02-26 (filed within the normal Form 4 window).
  • Disposed/withheld: 615 shares at $79.35 per share; total ≈ $48,800.
  • Reason: Tax withholding upon the vesting of 1,380 shares originally awarded on 2023-02-23 (footnote). 615 shares were withheld to cover taxes.
  • Shares owned after transaction: Not specified in the provided filing.
  • Transaction code: F — tax withholding to satisfy tax liability (not a discretionary open-market sale).

Context
This was a routine tax-withholding related to vested restricted stock (net settlement), not an independent sale that necessarily signals insider sentiment. Such withholding is common when awards vest and does not reflect an active decision to liquidate additional holdings.