4//SEC Filing
Turpen John G 4
Accession 0001564618-25-000010
CIK 0001564618other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 11:02 AM ET
Size
9.7 KB
Accession
0001564618-25-000010
Insider Transaction Report
Form 4
Turpen John G
EVP, Chief Risk Officer
Transactions
- Award
Common Stock
2025-01-01+12,177→ 22,953 total - Tax Payment
Common Stock
2025-01-01$60.67/sh−5,129$311,176→ 17,824 total - Disposition to Issuer
Common Stock
2025-01-01−17,824→ 0 total
Footnotes (3)
- [F1]Pursuant to the Merger Agreement, each outstanding performance restricted stock unit award (Independent PSU) was fully vested, cancelled and converted into the right to receive SouthState Common Stock equal to (i) the product (rounded to the nearest whole number) of (x) the number of shares of Independent Common Stock subject to such Independent PSU immediately prior to the effective time of the Merger (with the performance-based vesting conditions applicable to such Independent PSU determined in accordance with the terms of the Merger Agreement, which performance was determined by the compensation committee of the IBTX board of directors to be at target) multiplied by (y) 0.60 plus (ii) a cash payment in respect of accrued but unpaid dividend equivalents on such Independent PSU.
- [F2]Indicates share of common stock, par value $0.01 per share, of Independent (Independent Common Stock) withheld to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock pursuant to multiple grants under the Issuer's 2022 and 2013 Equity Incentive Plans and outstanding performance restricted stock unit award (Independent PSU).
- [F3]Pursuant to the Merger Agreement, each share of Independent Common Stock issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive 0.60 shares of common stock, par value $2.50 per share, of SouthState (SouthState Common Stock). Shares reported include restricted stock awards. Pursuant to the Merger Agreement, each outstanding restricted stock award was fully vested, cancelled and converted into the right to receive SouthState Common Stock equal to the product (rounded to the nearest whole number) of (i) the number of Independent Common Stock subject to such restricted stock award immediately prior to the effective time of the Merger multiplied by (ii) 0.60. On December 31, 2024 (the day prior to the Merger), the closing price of one share of SouthState Common stock was $99.48.
Documents
Issuer
Independent Bank Group, Inc.
CIK 0001564618
Entity typeother
Related Parties
1- filerCIK 0001766216
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 11:02 AM ET
- Size
- 9.7 KB