SmartFinancial (SMBK) Chairman Welborn Miller Receives Award

What Happened Welborn Wesley Miller, Chairman of the Board of SmartFinancial Inc. (SMBK), was granted 3,542 restricted shares on March 10, 2026. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (total reported cash value $0). The Compensation Committee approved the grant and the shares vest on March 10, 2030.

Key Details

• Transaction date and price: 2026-03-10 — 3,542 shares at $0.00 per share (award).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: F1 — grants approved by the Compensation Committee; vest on March 10, 2030.
• Filing timeliness: Reported on Form 4 filed 2026-03-11 for a 2026-03-10 grant (appears timely).

Context This was a restricted stock grant (compensation/retention award), not an open-market purchase or sale. Such awards vest over time (here, four years) and are not an immediate cash transaction; they become economically meaningful as they vest and/or if sold later. The grant itself does not directly indicate insider buying or selling sentiment, but it does increase the insider’s potential future stake if vesting conditions are met.