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QCR HOLDINGS INC·4

Mar 3, 1:28 PM ET

McNew Monte C 4

Research Summary

AI-generated summary

Updated

QCRH CEO Monte C. McNew Exercises Options, Receives RSU Award

What Happened
Monte C. McNew, President & CEO of QCR Holdings, exercised derivative awards on March 1, 2026, acquiring 453 shares in three exercises (168 @ $53.87, 148 @ $53.31, 137 @ $56.79) for a combined cash outlay of about $24,720. The filing also shows derivative positions totaling 632 shares listed as disposed at $0 (related to the exercise/conversion mechanics). On March 2, 2026, McNew was granted 547 restricted stock units (RSUs) (no cash paid).

Key Details

  • Transaction dates/prices:
    • 2026-03-01: Exercised/conversion (code M) — 168 shares @ $53.87 ($9,050); 148 shares @ $53.31 ($7,890); 137 shares @ $56.79 ($7,780).
    • 2026-03-01: Derivative disposals (code M) — 207, 233, and 192 shares listed at $0 (total 632 shares).
    • 2026-03-02: Grant/award (code A) — 547 RSUs @ $0.
  • Shares owned after transaction: Not specified in the provided filing data.
  • Footnotes (from the filing):
    • F1–F3: Describe RSU grants; each RSU represents a right to one share (or cash equivalent) and vests in four annual installments beginning 3/1/2024 (F1), 3/1/2023 (F2), and 3/1/2025 (F3).
    • F4: Describes the 547 RSU grant (vests in four annual installments beginning 3/2/2027); settlement is anticipated to be in cash.
  • Timeliness: Reported 2026-03-03 for transactions on 2026-03-01 and 2026-03-02 (appears timely under Section 16 reporting rules).

Context

  • Transaction codes: M = exercise/conversion of derivative (options/units); A = award/grant (RSUs). The filing shows exercises and an RSU grant — not an open-market sale.
  • The derivative disposals listed at $0 are part of the exercise/conversion entries in the filing (common in net-settlement or conversion mechanics); the filing does not show any cash sales of shares.
  • RSU awards vest over multiple years per the footnotes; F4 indicates the new 547 RSUs are expected to be settled in cash rather than stock.

Bottom line for investors: This filing reports option exercises by the CEO (net cost about $24.7k for 453 shares) and a new RSU award (547 units). These are internal compensation/settlement transactions rather than stock sales or open-market purchases.