Iannelli Josephine 4/A
Research Summary
AI-generated summary
Bar Harbor Bankshares (BHB) CFO Josephine Iannelli Receives Award
What Happened
Josephine Iannelli, EVP, CFO & Treasurer of Bar Harbor Bankshares, received 4,623 shares of common stock upon settlement of performance-based vesting on April 23, 2025 (award). To cover tax withholding, 3,579 of those shares were surrendered at $29.19 per share, a disposition valued at $104,471. Net increase to her holdings from this event was 1,044 shares (4,623 granted − 3,579 withheld). The Form 4 was amended (filed 2026-01-28) to correct the ending share balance.
Key Details
- Transaction date: 2025-04-23 (award vesting and tax withholding)
- Award: 4,623 shares (performance-based vesting; footnote states criteria met on 4/23/2025)
- Tax withholding/disposition: 3,579 shares at $29.19 = $104,471 (code F)
- Net shares retained from the grant: 1,044 shares
- Filing: Amended Form 4 filed 2026-01-28; amendment note: "Amended to correct ending share balance." Final post-transaction holdings are not shown in the supplied details.
Context
This was an issuance/vesting of performance shares, not an open-market purchase or sale. The 3,579-share disposition reflects shares withheld to pay taxes (a routine administrative action), not a market sale that would signal selling pressure. The amendment and the late filing date relative to the transaction (Apr 2025 event, Jan 2026 amended filing) are noted in the filing.