Tessin Brian B 4
Research Summary
AI-generated summary
Isabella Bank (ISBA) Director Brian Tessin Receives 7-Share Award
What Happened
Brian B. Tessin, a director of Isabella Bank Corp. (ISBA), was granted/acquired 7 shares on June 1, 2026. The reported transaction price was $41.49 per share, for a total value of about $290. The Form 4 classifies the transaction as an award/grant (transaction code A), meaning the shares were issued to him rather than bought on the open market or sold.
Key Details
- Transaction date: 2026-06-01; filing date (Form 4): 2026-06-03. Filing appears timely (within the usual two-business-day window).
- Shares acquired: 7 at $41.49 each; total value ≈ $290.
- Shares owned after transaction: Not specified in the filing.
- Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding, or other special footnotes reported on the Form 4.
Context
Awards of a small number of shares to directors are commonly part of compensation or retention programs and are recorded as acquisitions on Form 4s. Such grants are routine and, given the small dollar value here, are unlikely to materially affect market sentiment by themselves.