Bateman Leonard H JR 4

What Happened

• Leonard H. Bateman Jr., EVP & Chief Credit Officer of Colony Bankcorp (CBAN), relinquished 881 shares to satisfy tax withholding related to vested stock. The shares were valued at $20.49 each, for a total of $18,052. This was a tax-withholding disposal (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-07-01
• Filing date: Form 4 filed 2026-07-06
• Shares relinquished: 881 at $20.49 per share; total value ≈ $18,052
• Transaction code: F (tax withholding/payment of tax liability)
• Footnote F1: confirms shares were relinquished to cover tax liability from stock vesting
• Shares owned after the transaction: not specified in the summary of the filing (check the full Form 4 for the post-transaction beneficial ownership)
• Other footnotes on the filing (F2, F3) reference share acquisitions via dividend reinvestment, salary deferral, and 401(k) match for other reported holdings

Context

• This disposal reflects a routine tax-withholding/net-settlement tied to vesting of award shares and does not necessarily indicate an investment decision (unlike an open-market sale or purchase). Purchases and net buys tend to be more informative about insider sentiment than tax-related withholdings.