Davis Gregory L. 4
4 · SMARTFINANCIAL INC. · Filed Jan 24, 2020
Insider Transaction Report
Form 4
Davis Gregory L.
Chief Lending Officer and EVP
Transactions
- Award
Common Stock
2020-01-22+2,500→ 30,531 total
Holdings
- 3,000
Stock Appreciation Right
Exercise: $21.72Exp: 2020-12-31→ Common Stock (3,000 underlying) - 3,000
Stock Appreciation Right
Exercise: $21.61Exp: 2021-12-31→ Common Stock (3,000 underlying)
Footnotes (3)
- [F1]On January 24, 2019, pursuant to the issuers 2015 Stock Incentive Plan (the "Plan"), the Board of Directors of the issuer approved grants of performance-based restricted stock (the "Restricted Stock Awards"). Up to 50% the restricted shares could be earned if the issuer achieved certain core diluted earnings per share targets for the fiscal year ending December 31, 2019, and up to 50% of the restricted shares could be earned if the issuer achieved certain core return on average assets targets for the 2019 fiscal year. On January 22, 2020, the Board of Directors determined that all performance goals were met and 100% of performance-based restricted stock was earned.
- [F2]This stock appreciation right was granted on 01/25/2018. The stock appreciation right generally vests 100% on the third anniversary of the date of the grant, subject to Mr. Davis's continuous service with the company or a subsidiary or affiliate of the company through such date. The stock appreciation right vests on an accelerated basis in full in the event of a change in control, again subject to Mr. Davis's continuous service with the company or a subsidiary or affiliate of the company through the date of the change in control.
- [F3]This stock appreciation right was granted on 02/23/2017. The stock appreciation right generally vests 100% on the third anniversary of the date of the grant, subject to Mr. Davis's continuous service with the company or a subsidiary or affiliate of the company through such date. The stock appreciation right vests on an accelerated basis in full in the event of a change in control, again subject to Mr. Davis's continuous service with the company or a subsidiary or affiliate of the company through the date of the change in control.