Elliott Brad S 4
4 · EQUITY BANCSHARES INC · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
EQBK CEO Brad S. Elliott Receives 32,241 Restricted Awards
What Happened
Brad S. Elliott, CEO of Equity Bancshares, was granted a total of 32,241 equity awards on February 7, 2026. The grants reported are: 3,014 time‑based restricted units (RSUs) at $0.00, 5,904 time‑based RSUs at $0.00, 5,904 performance‑based RSUs at $0.00, and 17,419 derivative awards (reported as 0.00 price). All grants were reported as acquisitions (award/grant), so no cash changed hands at grant.
Key Details
- Transaction date: February 7, 2026; Form filed February 10, 2026.
- Grants (all $0.00 per share): 3,014; 5,904; 5,904; 17,419 — total 32,241 units.
- Vesting/footnotes from the filing:
- 3,014 RSUs: time‑based, vest in four equal installments beginning Feb 7, 2026 (F1).
- 5,904 RSUs: time‑based, vest in three equal installments beginning Feb 7, 2027 (F2).
- 5,904 RSUs: performance‑based, cliff vest at the later of Feb 7, 2029 or when performance criteria can be confirmed, if metrics are met (F3).
- A managing‑member disclaimer is included for Elliott Legacy, LLC (reporting person) disavowing beneficial ownership except for pecuniary interest (F4).
- One footnote notes that 4,355 of certain options vest upon grant with the remainder vesting in three equal installments beginning Feb 7, 2027 (F5) — as disclosed in the filing.
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
- Filing timeliness: Form lists the transaction date (Feb 7) and filing date (Feb 10); the filing itself does not state a tardiness flag in the excerpt provided.
Context
These are awards/grants (not open‑market purchases or sales). Time‑based RSUs vest according to schedule; performance RSUs only convert to shares if performance targets are met. Derivative designation generally means the award is not an immediate, free share transfer but subject to vesting/conditions. Awards are common for executive compensation and do not, by themselves, indicate an immediate market transaction.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-02-07+3,014→ 45,137 total - Award
Class A Common Stock
[F2]2026-02-07+5,904→ 51,041 total - Award
Class A Common Stock
[F3]2026-02-07+5,904→ 56,945 total - Award
Stock Option (Right to Buy)
[F5]2026-02-07+17,419→ 17,419 totalExercise: $47.49Exp: 2036-02-07→ Class A Common Stock (17,419 underlying)
- 308,787(indirect: By LLC)
Class A Common Stock
[F4]
Footnotes (5)
- [F1]Represents the grant of 3,014 shares of time-based restricted units vesting in four equal installments beginning on February 07, 2026.
- [F2]Represents the grant of 5,904 shares of time-based restricted units vesting in three equal installments beginning on February 07, 2027.
- [F3]Represents the grant of 5,904 shares of performance-based restricted units cliff vesting at the later of February 07, 2029 or the date at which performance criteria can be confirmed, if performance criteria are met.
- [F4]The reporting person is the managing member of Elliott Legacy, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
- [F5]Upon grant 4,355 of these options vest. The remaining vest in three equal installments beginning on February 07, 2027.