Clermont Ralph W 4

What Happened

• Ralph W. Clermont, a director of Cass Information Systems, had 6,847 shares withheld/disposed to satisfy a tax obligation (Form 4 code F) on April 21, 2026. The shares were valued at $47.84 each, totaling approximately $327,560. The Form 4 was filed April 23, 2026.

Key Details

• Transaction date: 2026-04-21; filing date: 2026-04-23 (timely filing).
• Price per share: $47.84; total value of shares withheld/disposed: ~$327,560.
• Transaction type: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after transaction: not specified in the provided filing excerpt.
• No indication in the provided details of a 10b5-1 plan or other special arrangements.

Context

• Code F transactions typically reflect tax withholding following an option exercise or vesting of shares; they are routine administrative actions and not the same as an open-market sale for liquidity. Such withholdings generally do not convey a positive or negative market signal by themselves.