Carroll William Young Jr. 4

What Happened

Carroll W. Young Jr., President & CEO and a director of SMARTFINANCIAL INC. (SMBK), was granted 9,450 shares of restricted stock on March 10, 2026. The Form 4 reports an acquisition price of $0.00 (grant) and a reported value of $0 on the filing; the award is a compensation grant rather than an open-market purchase or sale. According to the filing footnote, the restricted shares will vest on March 10, 2030.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 11, 2026 (timely filing).
• Transaction type: Award/Grant of restricted stock (code A).
• Shares granted: 9,450; reported acquisition price: $0.00 (grant).
• Vesting: Will vest on March 10, 2030 (per footnote).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: Compensation Committee approved the restricted stock grants; no 10b5‑1 plan or tax‑withholding details disclosed.

Context

This is a standard executive compensation award intended for retention/long‑term alignment and does not represent an open‑market purchase or sale. Restricted shares generally cannot be sold until they vest, so the grant itself is not a direct market sentiment signal. Retail investors should view this as a compensation action rather than a buy/sell decision by the CEO.