Hurst Calvin C 4

What Happened

• Calvin C. Hurst, President of Southern First Bancshares (SFST), was granted 4,500 restricted stock units (RSUs) on Feb 1, 2026. The grant is recorded at $0.00 per share (award).
• To satisfy tax withholding upon vesting, 1,109 shares were withheld/disposed at $54.94 each, totaling $60,928. This withholding is reported as a disposition (code F) in the Form 4.

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03.
• Grant: 4,500 RSUs (reported as acquisition A at $0.00).
• Tax withholding: 1,109 shares withheld at $54.94 each = $60,928 (reported as disposition F).
• Vesting: RSUs vest equally over four years (footnote F1).
• Withholding note: Shares withheld to satisfy tax obligations upon vesting (footnote F2).
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: Form filed Feb 3 for Feb 1 transactions; no indication in the filing that it was late.

Context

• These were equity awards (RSUs), not open-market purchases or sales. The withheld shares to cover taxes are a routine administrative action and are not the same as an executive selling shares on the open market.
• RSU grants are common executive compensation; they vest over time (four years here), so the economic benefit is realized gradually rather than as an immediate purchase signal.