Maland Jerry P 4
Research Summary
AI-generated summary
Equity Bancshares Director Jerry Maland Receives Restricted Shares
What Happened
Jerry P. Maland, a director of Equity Bancshares, Inc. (EQBK), was granted 1,103 restricted shares on May 1, 2026. The grant was reported as an award/acquisition (code A) at an acquisition price of $0.00 (total reported cash value $0). This was a compensation grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-01; Report filed: 2026-05-05 (filed within required reporting window).
- Transaction type/code: Award/Grant (A). Price per share reported: $0.00.
- Shares granted: 1,103 restricted shares. Total cash value on Form 4: $0.
- Vesting: Shares will vest on the first anniversary of the grant (May 1, 2027) (footnote F1).
- Purpose: Issued under the Equity Bancshares, Inc. 2022 Omnibus Equity Incentive Plan in lieu of retainer and meeting fees (F1).
- Ownership after transaction: Not specified in the filing.
- Other note: The reporting person and spouse serve as co-trustees of a family trust (F2) — a disclosure of potential shared voting/ownership arrangements.
Context
This filing reflects a compensation grant to a board member (restricted shares that vest over time), which is common for non-employee directors receiving retainer/meeting fee compensation. It is not a market purchase or sale and does not by itself indicate a buy or sell signal.