PROCTOR H PALMER JR 4
4 · Ameris Bancorp · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Ameris Bancorp CEO Proctor Palmer Sells 3,198 Shares
What Happened
Proctor H. Palmer Jr., CEO and director of Ameris Bancorp (ABCB), had 7,179 shares vest on Feb 24, 2026 and 3,198 of those shares were withheld/disposed to satisfy tax withholding obligations. The withheld shares were valued at $79.35 each, totaling approximately $253,761. This was a tax-withholding disposal (code F), not an open-market sale driven by a trading decision.
Key Details
- Transaction date: 2026-02-24; filing date: 2026-02-26 (filed within the standard 2-business-day window).
- Disposed/withheld: 3,198 shares at $79.35 per share — proceeds/consideration ~$253,761.
- Trigger: Vesting of 7,179 shares originally awarded Feb 23, 2023; 3,198 shares withheld to cover tax obligations (footnote F1).
- Ownership after transaction: Not specified in this Form 4 filing.
- Additional notes from filing: total beneficial ownership reported includes 78.331447 shares from an employee stock purchase/dividend reinvestment plan (F2) and 62.074505408 shares in the reporting person’s 401(k) account (F3).
- Transaction code: F = tax withholding (not a market sale code S).
Context
This was a routine tax-withholding action following vesting of an award — effectively a cashless-withdrawal of a portion of vested shares to satisfy taxes. Such withholdings are common and do not necessarily indicate the insider’s view on the company’s stock.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-24$79.35/sh−3,198$253,761→ 417,933.73 total
- 23,321.828(indirect: By 401(k))
Common Stock
[F3] - 22,806.949(indirect: By Children)
Common Stock
- 17,977.959(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]This transaction represents the withholding of 3,198 shares of common stock to satisfy the tax withholding obligations incurred by the reporting person upon the vesting on February 24, 2026 of 7,179 shares of common stock originally awarded on February 23, 2023.
- [F2]This total includes an additional 78.331447 shares acquired by the reporting person as a participant in an employee stock purchase plan and dividend reinvestment plan.
- [F3]This total includes an additional 62.074505408 shares acquired in the reporting person's 401(k) account.