Quade Bradley A 4
Research Summary
AI-generated summary
First Business (FBIZ) CCO Quade Bradley Receives Award; Shares Withheld
What Happened
- Quade Bradley, Chief Credit Officer of First Business Financial Services, Inc. (FBIZ), had 2,740 shares issued upon vesting of performance restricted stock units (PRSUs) for the 2023–2025 performance period.
- To satisfy tax withholding, 1,096 of those shares were tendered/withheld (reported as a disposition) at an assessed value of $58.60 per share, totaling $64,226. The award issuance is reported at $0.00 per share (typical for vested equity grants).
Key Details
- Transaction dates: April 10, 2026 (award issuance and tax-withholding disposition).
- Prices/values: Award reported at $0.00 per share; tax withholding disposition at $58.60/share for $64,226 total.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnote: Issuance of common stock upon vesting of Performance Restricted Stock Unit awards for the 2023–2025 performance period.
- Filing timing: Form 4 filed April 14, 2026 (four days after the reported transaction); this appears to be outside the typical 2-business-day reporting window and may be late.
Context
- This was a routine equity vesting event (award) with shares withheld to cover tax liabilities (code F). Such withholding is a common administrative step and does not necessarily indicate a separate open-market sale or change in sentiment.