Creasy Ross L 4
Research Summary
AI-generated summary
Ameris Bancorp CIO Ross Creasy Sells 615 Shares to Cover Taxes
What Happened
- Ross L. Creasy, Chief Information Officer of Ameris Bancorp (ABCB), had 615 shares of common stock disposed on February 24, 2026 as withholding to satisfy tax obligations tied to the vesting of restricted stock units (RSUs). The shares were valued at $79.35 each, for a total of approximately $48,800.
- The withholding was triggered by the vesting of 1,380 shares that were originally awarded on February 23, 2023; after withholding 615 shares for taxes, the net delivered from the vesting would be 765 shares.
Key Details
- Transaction date: 2026-02-24; Price: $79.35 per share; Amount withheld/disposed: 615 shares (~$48,800).
- Transaction code: F (tax withholding to satisfy tax liability upon vesting).
- Footnote: The vesting event comprised 1,380 shares granted Feb 23, 2023; 615 shares were withheld for taxes (F1).
- Footnote: The reporting person’s total holdings reported include an additional 35.08952 shares acquired via a dividend reinvestment plan (F2).
- Filing: Report filed Feb 26, 2026 (within typical reporting window); no late-filing flag noted.
Context
- This was not an open-market sale expressing a trading view—shares were withheld by the company to cover tax withholding obligations from RSU vesting (a common, routine administrative action).
- Net result for the insider: receipt of the vested shares less those withheld for taxes (1380 vested − 615 withheld = 765 net shares delivered).