RUPP JOSEPH D 4
Research Summary
AI-generated summary
CASS Director Joseph D. Rupp Receives Restricted Stock Award
What Happened
- Joseph D. Rupp, a director of Cass Information Systems, received an award/acquisition of 301 shares on March 19, 2026. The grant was recorded at $43.15 per share for a total value of $12,988. This was an awarded grant (transaction code A), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-19; Filing date: 2026-03-23 (filed within the required 2-business-day window).
- Shares acquired: 301 shares at $43.15 each; total value $12,988.
- Shares owned after the transaction: not specified in the provided excerpt.
- Footnote: Includes restricted stock bonus shares that are subject to vesting and forfeiture (per footnote F1).
- Transaction type: Award/grant (A) — a form of compensation rather than a market purchase.
Context
- Restricted stock awards are typically part of compensation and vest over time; they do not necessarily signal insider buying sentiment. No exercise, sale, or 10% owner transaction was reported in this filing.