Stratton David D 4

What Happened

• David D. Stratton, Executive Vice President, Regional Banking at BOK Financial (BOKF), received a grant of 4,054 restricted shares on 2026-02-17 and on 2026-02-18 had 213 shares issued on conversion/exercise of a derivative. To satisfy tax withholding, 206 of those converted shares were withheld (disposed) at $133.56 each, totaling $27,513.
• Net from the conversion: 213 acquired − 206 withheld = 7 shares retained. Combined with the 4,054 restricted shares, the filing reflects 4,061 new shares associated with Stratton, though 4,054 of those are restricted and subject to vesting/performance conditions.

Key Details

• Transaction dates and codes:
  • 2026-02-17: A (Award/Grant) — 4,054 shares @ $0.00 (awarded)
  • 2026-02-18: M (Exercise/Conversion) — 213 shares @ $0.00 (acquired)
  • 2026-02-18: F (Tax withholding) — 206 shares @ $133.56 (disposed) = $27,513
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1: The 4,054 restricted shares vest on January 16, 2029 and are subject to forfeiture if employment ends before vesting or if certain EPS performance targets are not met.
  • F2: The 213 shares reflect an upward restricted stock adjustment tied to attainment of performance goals for awards made in 2023.
• Filing timeliness: Report filed 2026-02-19 covering transactions on 2026-02-17/18 — appears timely under Form 4 rules.

Context

• Code M indicates an exercise or conversion of a derivative (here a performance-based adjustment). Code F denotes shares withheld to cover tax obligations — a routine disposition for tax withholding, not an open-market sale.
• The majority of the value here is the tax withholding (~$27.5k). The awarded shares are restricted and not immediately liquid; purchases would generally signal stronger bullish intent than awards/conversions.