BUSTLE NICHOLAS 4
Research Summary
AI-generated summary
USCB EVP Nicholas Bustle Sells 687 Shares to Cover Taxes
What Happened
- Nicholas Bustle, EVP and Chief Lending Officer of USCB Financial Holdings (USCB), disposed of 687 shares on January 21, 2026 at $20.38 per share, a total value of $14,001. The transaction is reported as code F — shares withheld/used to pay a tax liability (i.e., tax withholding on compensation-related equity).
Key Details
- Transaction date and price: 2026-01-21, 687 shares at $20.38 each (total $14,001).
- Transaction type: Code F — payment of tax liability via share withholding (not an open‑market sale).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Details restricted stock grants and vesting schedules (examples: 4,631 shares from a 6,947-share grant began vesting 1/21/2026; other grants with portions vesting in 2024–2025).
- F2/F3: Describe option vesting schedules (one-third per year commencing 4/17/2020 and 9/27/2022).
- Timeliness: Filing indicates late (marked 'L'); reported on 2026-01-23 for a 2026-01-21 transaction.
Context
- This appears to be a routine tax-withholding (cashless) disposition tied to vested restricted stock rather than an expressed sale for investment reasons. Such transactions are common when companies withhold shares to cover required payroll/tax obligations and do not necessarily signal insider sentiment.