Marr Ann Walter 4

What Happened

Marr Ann Walter, a director of CASS INFORMATION SYSTEMS INC (CASS), received a restricted stock award of 1,704 shares on April 23, 2026. The award was recorded at $46.94 per share, for a total value of approximately $79,986. This transaction is an acquisition via award (Form 4 transaction code "A"), not an open-market purchase or sale.

Key Details

• Transaction date: April 23, 2026; filing date: April 27, 2026 (filed within the normal 2-business-day window).
• Price per share: $46.94; total reported value: ~$79,986.
• Shares acquired: 1,704 restricted shares (award/grant).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 indicates these are restricted stock bonus shares, subject to vesting and potential forfeiture.

Context

Restricted stock awards are typically compensation or retention grants and usually vest over time, so they are not immediately liquid. Because these shares were awarded (not sold), the transaction is a net acquisition of company stock by an insider; it reflects compensation rather than an open-market investment decision. This Form 4 shows routine insider compensation activity rather than a sale or option exercise.