WALZ STEVEN A. 4/A
Research Summary
AI-generated summary
SB Financial (SBFG) EVP Steven Walz Receives RSU Award
What Happened
Steven A. Walz, EVP of a subsidiary of SB Financial Group, received a grant of 3,672 restricted stock units (RSUs) on February 5, 2026. To satisfy tax withholding on the grant, 878 shares were withheld at $22.14 per share (value ≈ $19,439), leaving a net issuance of 2,794 shares to Mr. Walz. This filing is marked as an amendment to the originally filed report.
Key Details
- Transaction date: 2026-02-05 (reported in an amended Form 4 filed 2026-02-06).
- Award: 3,672 RSUs granted (transaction code A) with $0.00 per-share acquisition price recorded for the grant.
- Tax withholding: 878 shares withheld (transaction code F) at $22.14 per share, total ≈ $19,439.
- Net shares issued to insider: 2,794 (3,672 grant − 878 withheld).
- Shares owned after transaction: Not reported in the information provided in this filing.
- Footnote: RSUs were granted under the company’s Stock Incentive Plan (per filing footnote).
- Timeliness: Filed the next day and subsequently amended; no late-report flag shown in the provided data.
Context
This was a compensatory RSU award, not an open-market purchase or sale. The withholding of shares is a routine tax-related action and does not itself indicate a buy/sell market signal. For RSU grants, investors typically view the award as compensation rather than a direct bullish or bearish insider market move.