Borck Leon 4
Research Summary
AI-generated summary
Equity Bancshares (EQBK) Director Leon Borck Receives Restricted Shares
What Happened
Leon Borck, a director of Equity Bancshares, Inc. (EQBK), was granted 1,103 restricted shares on May 1, 2026. The shares were issued at $0.00 as an award/compensation (Form 4 transaction code A), so no cash changed hands.
Key Details
- Transaction date: May 1, 2026; filing date: May 5, 2026 (four days after the grant). Note: Form 4s are typically due within two business days, so this filing occurred after that usual window.
- Shares granted: 1,103; acquisition price reported: $0.00; total cash value reported: $0.
- Vesting: The shares will vest on the first anniversary of the grant (May 1, 2027) (Footnote F1).
- Ownership reporting: The filing does not disclose total shares owned after this grant in the provided summary.
- Footnotes: F1 — shares issued under the 2022 Omnibus Equity Incentive Plan in lieu of retainer/meeting fees and vest in one year. F2 — Borck is trustee of the Leon Harold Borck Trust. F3 — Borck is President of EDBI, Inc., and disclaims beneficial ownership except to the extent of his pecuniary interest.
Context
This was a restricted-share award (compensation) rather than an open-market purchase or sale. Such grants are common as director compensation and do not necessarily indicate immediate bullish or bearish trading intent; the shares are subject to vesting and do not provide immediate sale proceeds.