Schilling Randall L 4

What Happened
Randall L. Schilling, a director of Cass Information Systems (CASS), received an award of 301 shares on 2026-03-19 at a reported value/price of $43.15 per share, for a total value of $12,988. This was an award/grant (transaction code A), not an open-market purchase or sale — typically a form of compensation rather than a direct market bet.

Key Details

• Transaction date and price: 2026-03-19, 301 shares at $43.15 per share (total $12,988).
• Filing date: Form 4 filed 2026-03-23 (Accession: 0001462385-26-000002).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: F1 — these are restricted stock bonus shares subject to vesting and forfeiture.
• Transaction type: A (Award/Grant). No indication in the provided data that the filing was late.

Context
Restricted stock awards to directors are common as part of compensation or retention packages; because these shares are subject to vesting and forfeiture, they should not be read as an immediate market purchase. The award’s value (~$13k) is modest relative to typical executive compensation disclosures.