Crampton Kevin D 4
Research Summary
AI-generated summary
First Business (FBIZ) Chief Accounting Officer Kevin Crampton Receives 610 Shares
What Happened
- Kevin D. Crampton, Chief Accounting Officer of First Business Financial Services, Inc. (FBIZ), received an award/acquisition of 610 shares on 2026-02-16 (transaction code A). The filing shows a tax-withholding disposition of 101 shares at $58.36 each (transaction code F), yielding $5,894 withheld to cover tax obligations.
- The award was reported with an acquisition price of $0.00 (typical for vested restricted stock or similar equity awards). After withholding 101 shares for taxes, Crampton netted 509 shares (610 granted minus 101 withheld). Using the $58.36 per-share figure reported for the withheld shares, the grant’s approximate market value at that price was about $35,600.
Key Details
- Transaction dates and prices: 2026-02-16 — Award of 610 shares (A) at $0.00; 2026-02-16 — 101 shares withheld for taxes (F) at $58.36/share (total $5,894).
- Net shares received: 509 shares (610 granted less 101 withheld).
- Shares owned after transaction: Not specified in the provided filing excerpt; check the full Form 4 for total holdings.
- Footnotes/transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (share withholding to cover taxes). This looks like a standard withholding to satisfy tax obligations upon vesting.
- Filing timeliness: Reported on 2026-02-18 for transactions dated 2026-02-16 — filed within the typical 2-business-day Form 4 window (not marked late).
Context
- This appears to be an equity award vesting with shares withheld to cover taxes (a common net-settlement practice), not an open-market purchase or sale; such awards are routine compensation and do not necessarily indicate a change in insider sentiment.
- No immediate open-market sale of the remaining shares is reported in the provided transactions.