SB Financial (SBFG) EVP Steven Walz Receives Restricted Stock Award

What Happened Steven A. Walz, an EVP of a subsidiary of SB Financial Group, received a grant of 3,672 restricted stock units (RSUs) on February 5, 2026 (transaction code A). To satisfy tax withholding on the award, 878 shares were withheld at $22.14 per share, totaling $19,439 (transaction code F). Net increase from the grant = 3,672 − 878 = 2,794 shares.

Key Details

• Transaction dates: February 5, 2026 (grant and tax withholding); Form 4 filed February 6, 2026 (appears timely).
• Grant: 3,672 RSUs, $0.00 per share (typical for RSU awards).
• Tax withholding: 878 shares withheld at $22.14 each, total value ~$19,439.
• Net new shares received: 2,794.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 — the shares were issued pursuant to a grant of RSUs under the company’s stock incentive plan.
• Transaction codes: A = award/grant, F = shares used to pay tax liability (withholding).

Context This was a compensation award (RSUs) rather than an open-market purchase or sale. Withholding a portion of the awarded shares to cover taxes is a common settlement method and does not by itself indicate a change in the insider’s view on the stock.