Earnings Feed
Start Free
BOK FINANCIAL CORP·4

Feb 19, 8:02 PM ET

Wade Mark B. 4

Research Summary

AI-generated summary

Updated

BOKF EVP Mark Wade Receives Stock Awards; Withholds 132 Shares for Taxes

What Happened

  • Mark B. Wade, EVP and Texas Market Executive at BOK Financial Corp (BOKF), received restricted stock awards and had deferred/phantom stock vest. On Feb 17, 2026 he was granted 5,113 restricted shares (awarded at $0). On Feb 18, 2026 a portion of previously deferred/phantom stock vested: 132.413 shares were disposed to cover tax withholding at $133.56 per share (total withheld ≈ $17,685). The filing shows the conversion/adjustment of additional shares (1,687 shares acquired at $0) and the treatment of 4,262.587 shares as a derivative/phantom position rather than an open-market sale.

Key Details

  • Dates and actions: 2026-02-17 grant of 5,113 restricted shares (A); 2026-02-18 conversion/exercise entry for 1,687 shares (M); 2026-02-18 tax withholding — 132.413 shares disposed at $133.56/share (F) totaling $17,685; 2026-02-18 entries showing 4,262.587 shares moved into a derivative/phantom position (D and A).
  • Shares after transactions (as reported): 4,262.587 phantom/derivative shares remain held by Wade; 5,113 newly granted restricted shares were awarded; 132.413 shares were withheld to cover taxes.
  • Footnotes: the awarded 5,113 shares are restricted stock that vest Jan 16, 2029 and are subject to forfeiture and performance EPS targets (F1). The phantom/RSU activity relates to deferred phantom stock issued Feb 28, 2023 that vested Feb 18, 2026; each phantom share represents a right to one common share or cash and becomes payable upon termination (F2–F5).
  • Timeliness: filing shows these transactions for the Feb 17–18, 2026 events and was filed on Feb 19, 2026; no late-filing flag indicated.

Context

  • This was mostly award/vesting activity and a routine tax-withholding disposition (F-code), not an open-market sale. The 132.413-share "sale" was to satisfy tax withholding on vesting (cashless withholding), while the larger balance was retained as deferred/phantom stock — meaning Wade has not sold shares into the market. Awards and vesting reflect compensation actions rather than a directional buy/sell signal.