Brophy Keith D. 4
Research Summary
AI-generated summary
CHOICEONE (COFS) Director Keith D. Brophy Receives 345-Share Award
What Happened
- Keith D. Brophy, a director of CHOICEONE FINANCIAL SERVICES, received an award of 345 shares on July 1, 2026. The reported acquisition price/unit was $34.00, giving a total reported value of $11,730.
- This transaction is listed as an award/grant (transaction code A), i.e., compensation-related acquisition rather than an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-07-01; 345 shares at $34.00 per share (total $11,730).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Transaction code: A (award/grant).
- Filing timing: Form 4 was filed on 2026-07-06 for a July 1 transaction (filed more than two business days after the transaction), which suggests a late filing; late filings can carry disclosure and administrative implications.
- No footnotes about tax withholding, 10b5-1 plan, or immediate resale were provided in the available data.
Context
- Awards to directors are commonly part of compensation or equity plans and do not necessarily signal a personal buy/sell decision by the insider. They are different from open-market purchases (which some investors treat as more directly bullish).
- No indication in the filing that the shares were immediately sold or that this was an option exercise; it appears to be a direct grant of shares.
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