Montgomery Brenda K 4
4 · Independent Bank Group, Inc. · Filed Jan 3, 2025
Insider Transaction Report
Form 4
Montgomery Brenda K
EVP, Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock
2025-01-01−7,049→ 0 total - Disposition to Issuer
Common Stock
2025-01-01−5,268→ 0 total(indirect: By 401(k)) - Tax Payment
Common Stock
2025-01-01$60.67/sh−881$53,450→ 7,049 total - Disposition to Issuer
Common Stock
2025-01-01−162→ 0 total(indirect: By SEP FBO Brenda Kay Montgomery)
Footnotes (2)
- [F1]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.
- [F2]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.