4//SEC Filing
Payne Jennifer M 4
Accession 0001415889-25-006380
CIK 0001458412other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 11:32 AM ET
Size
12.8 KB
Accession
0001415889-25-006380
Insider Transaction Report
Form 4
Payne Jennifer M
CHIEF RISK OFFICER
Transactions
- Disposition to Issuer
Common Stock
2025-03-01−5,593→ 0 total - Disposition to Issuer
Restricted Stock Units
2025-03-01−2,889→ 0 total→ Common Stock (2,889 underlying) - Disposition to Issuer
Restricted Stock Units
2025-03-01−1,667→ 0 total→ Common Stock (1,667 underlying) - Disposition to Issuer
Restricted Stock Units
2025-03-01−936→ 0 total→ Common Stock (936 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to that certain Agreement and Plan of Merger entered into on August 26, 2024, between Issuer and First Busey Corporation ("Busey") (the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the merger, Issuer merged with and into Busey with Busey surviving the merger, and each share of common stock, par value $0.01 per share, of Issuer outstanding immediately prior to the effective time of the merger, other than certain excluded shares, were converted into the right to receive (a) 0.6675 shares of common stock, par value $0.001, of Busey and (b) cash in lieu of fractional shares.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- [F3]Pursuant to the Merger Agreement, at the effective time of the merger, each Issuer restricted stock unit subject to time based vesting conditions (each, an "Issuer Restricted Stock Unit Award") was assumed and converted into a restricted stock unit award in respect of Busey common stock, par value $0.001, subject to vesting, repurchase or other lapse restriction with the same terms and conditions as were applicable under such Issuer Restricted Stock Unit Award immediately prior to the effective time of the merger relating to the number of shares of Busey common stock equal to the product of (A) the number of shares of Issuer common stock subject to the Issuer Restricted Stock Unit Award immediately prior to the effective time of the merger, multiplied by (B) 0.6675 shares of Busey common stock, with any fractional shares rounded to the nearest whole share of Busey common stock.
Documents
Issuer
CROSSFIRST BANKSHARES, INC.
CIK 0001458412
Entity typeother
Related Parties
1- filerCIK 0001659975
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 11:32 AM ET
- Size
- 12.8 KB