Fountain T Heath 4

What Happened Fountain T Heath, President, CEO and a director of Colony Bankcorp, Inc. (CBAN), was reported on Form 4 as receiving an award/acquisition of 10,576 shares on 2026-07-01. No per-share price or cash value is shown on the filing (award/grant reported as "N/A"), indicating these were granted shares rather than an open-market purchase.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-17 (filed 16 days after the transaction; Form 4s are typically due within 2 business days).
• Transaction type: Award/Grant (code A) — 10,576 shares acquired; reported price: N/A.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes from the filing:
  • F1: Shares granted under the Colony Bankcorp, Inc. Incentive Plan (noted as "2025" plan in the filing).
  • F2/F3: References that some shares held include reinvested dividends, salary deferral, and 401(k) company match.
• No indication in the provided data of a 10b5-1 plan, tax-withholding sale, or immediate sale of these shares.

Context This was an equity grant as part of executive compensation (an acquisition by award), which increases the insider's position but does not reflect an open-market purchase. Such grants are common for executive pay and do not, by themselves, indicate a buy/sell signal. The late filing reduces the timeliness of public disclosure; investors should consider this along with other insider transactions and company fundamentals.