Holmes Christopher T 4
Research Summary
AI-generated summary
FB Financial CEO Christopher Holmes Receives Award, Shares Withheld
What Happened
Christopher T. Holmes, President, CEO and a director of FB Financial Corp (FBK), received a total of 53,315 shares on Feb 25, 2026 from equity awards: 41,970 shares issued upon vesting of performance stock units (PSUs) and 11,345 restricted stock units (RSUs). To cover withholding tax associated with the vesting, 13,996 shares were surrendered/withheld at an effective value of $58.18 per share, totaling about $814,287. These transactions are awards/vesting events (not open-market purchases or voluntary sales).
Key Details
- Transaction date(s): Feb 25, 2026; Form 4 filed Feb 27, 2026 (timely within the usual 2-business-day window).
- Awards received: 41,970 shares (PSUs) + 11,345 RSUs = 53,315 shares acquired at $0.00 (award/vesting).
- Shares withheld for tax payment: 13,996 shares at $58.18 → ~$814,287 (disposition to satisfy tax liability).
- Shares owned after transaction: not reported in the provided filing excerpts.
- Relevant footnotes: PSUs vested were performance-based (not tied to stock price); RSUs were granted for 2025 performance and will settle in stock upon vesting. Some shares held in a revocable trust and a GST-exempt trust were disclosed (one trust’s holdings had been inadvertently omitted in a prior filing).
Context
- This was a standard equity-compensation vesting event: PSUs and RSUs converted into common stock. The 13,996-share disposition was a tax-withholding action (common practice), not an open-market sale signaling a change in conviction.
- For retail investors, awards/vestings are routine executive compensation actions; purchases are generally more informative about insider sentiment than tax-related withholding.