Quade Bradley A 4
Research Summary
AI-generated summary
First Business (FBIZ) CCO Bradley Quade Receives 735-Share Award
What Happened
- Quade Bradley A, Chief Credit Officer of First Business Financial Services (FBIZ), received an award of 735 shares on 2026-02-16 (transaction code A). As part of tax withholding (transaction code F), 420 of those shares were surrendered/withheld at $58.36 per share, totaling $24,511. Net shares received from the award = 735 − 420 = 315 shares.
- This was an equity award with shares withheld to cover tax obligations rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-16; Filing date: 2026-02-18 (filed within the typical 2-business-day Form 4 window).
- Award: 735 shares granted (code A) reported at $0.00 per share on the form.
- Withholding/payment: 420 shares withheld to satisfy tax liability (code F) at $58.36 each; value $24,511.
- Net shares delivered to insider after withholding: 315 shares (calculation based on provided figures).
- Shares owned after transaction: not provided in the supplied details.
- No 10b5-1 plan or other special instructions were reported in the provided data.
Context
- Code A denotes an award or grant of shares; code F indicates shares were used to pay taxes or exercise price (here used for tax withholding). Withholding of shares to cover taxes is a routine administrative action and does not necessarily signal the insider’s view on the company’s stock.
- Because this was an award (not a market purchase or sale), it’s primarily compensation-related rather than a directional trading signal.