Sems Richard M 4

What Happened
Richard M. Sems, CEO of Equity Bancshares (EQBK), received two equity awards on February 7, 2026: 3,668 time-based restricted share units and 3,668 performance-based restricted share units, for a total of 7,336 units. Each grant was reported at an acquisition price of $0.00 (standard for equity compensation grants); the filing lists these as award/grant transactions (code A).

Key Details

• Transaction date: 2026-02-07; Report filed: 2026-02-10.
• Grants: 3,668 time-based RSUs (F1) + 3,668 performance-based RSUs (F2) = 7,336 total. Acquisition price reported: $0.00.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Time-based RSUs vest in three equal installments beginning Feb 7, 2027.
  • F2: Performance-based RSUs cliff vest at the later of Feb 7, 2029 or the date performance criteria can be confirmed, if met.
• Filing timeliness: report was filed Feb 10, 2026; no late-filing flag (transactionTimeliness = 'L') is indicated in the summary provided.

Context
These awards are compensation grants (restricted units), not open-market purchases or sales. Time-based RSUs vest over scheduled installments; performance RSUs only vest if specified performance goals are met and typically cliff-vest. Such grants are routine for executives and reflect compensation design rather than an immediate buy/sell signal.