Schilling Randall L 4

What Happened
Randall L. Schilling, a director of Cass Information Systems, was granted/received 262 shares as an award on 2026-06-11. The filing reports an acquisition price of $49.44 per share for a total value of $12,953. The shares are restricted stock bonus shares and are subject to vesting and potential forfeiture.

Key Details

• Transaction date: 2026-06-11; Filing date (Form 4): 2026-06-12.
• Transaction type/code: Award/Grant (A).
• Shares acquired: 262 at $49.44 per share; total value reported $12,953.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Includes restricted stock bonus shares, subject to vesting and forfeiture.
• Timeliness: Filing appears timely (filed one day after the transaction); no late filing flag reported.

Context
This was an equity award (restricted stock), which is typically part of compensation or board/bonus arrangements and not an open-market purchase. Restricted shares generally cannot be sold until vesting conditions are met, so this grant does not immediately increase tradable float. As with all insider filings, this is factual reporting of the transaction, not an explicit signal of future company performance.