CASS Director Benjamin F. Edwards IV Receives 1,704-Share Award

What Happened
Benjamin F. Edwards IV, a director of Cass Information Systems, was granted/received 1,704 shares on April 23, 2026. The award price reported is $46.94 per share, for a total value of approximately $79,986. This transaction is recorded as an award/grant (code A), i.e., restricted stock bonus shares rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-23; Filing date: 2026-04-27.
• Shares granted: 1,704 at $46.94 each; total value ≈ $79,986.
• Footnote F1: These include restricted stock bonus shares that are subject to vesting and potential forfeiture.
• Footnote F2: Filing notes inclusion of 740 shares acquired via the company’s Direct Stock Purchase & Dividend Reinvestment Plan (DSPP).
• "Owned after transaction" was not specified in the provided filing details.

Context
This was an award of restricted stock (compensation/bonus) rather than a market purchase or sale. Restricted awards are common for directors and are subject to vesting terms, so they do not necessarily signal immediate trading intent. As always, awards increase insider holdings on paper but may be constrained by vesting and forfeiture conditions.