Ebel Robert A 4

What Happened

• Robert A. Ebel, a director of Cass Information Systems, was granted 1,704 shares as an award on April 23, 2026. The shares are recorded at $46.94 each, for a total reported value of $79,986. This was an award/acquisition (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-04-23; 1,704 shares @ $46.94 each.
• Reported value: $79,986.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: These are restricted stock bonus shares subject to vesting and forfeiture.
• Filing timeliness: Form 4 was filed 2026-04-27 (4 days after the transaction); this appears to be a late filing (Form 4 is normally due within two business days).

Context

• Restricted stock awards are typically part of compensation and are subject to vesting requirements, so they are not immediately tradable and do not necessarily signal immediate buying interest. This grant increases Ebel’s potential future stake if vesting conditions are met.