SIMS JAMES K 4
Research Summary
AI-generated summary
GBank Financial (GBFH) Director James K. Sims Receives 539-Share Award
What Happened
James K. Sims, a director of GBank Financial Holdings, received two grants of common stock as director compensation on July 7, 2026. He was awarded 327 shares at an attributed value/price of $27.16 (≈ $8,881) and 212 shares at $30.12 (≈ $6,385), for a total of 539 shares valued at about $15,266. These entries are labeled as awards/grants (transaction code A) — acquisitions as compensation rather than open-market purchases.
Key Details
- Transaction date: 2026-07-07; Form 4 filed: 2026-07-09 (filed within the typical two-business-day window).
- Lots: 327 shares @ $27.16 (≈ $8,881); 212 shares @ $30.12 (≈ $6,385); total ≈ $15,266.
- Post-transaction total shares owned: not specified in the filing.
- Footnotes: F1 — shares granted under the director compensation plan; F2 — shares are owned jointly by Mr. Sims and his wife, Catherine M. Sims, as joint tenants.
- Transaction type: Award/Grant (code A); not an open-market trade or option exercise.
Context
Grants under a director compensation plan are routine forms of pay and do not necessarily signal the director is buying or selling based on a view of the stock; they represent compensation for service. For investors tracking insider activity, awards are informative about executive/director compensation but are different from purchases (which some interpret as a direct personal purchase of stock).