Scott C. Jennings - 04 May 2023 Form 4 Insider Report for SUMMIT FINANCIAL GROUP, INC.

Role
EVP & COO
Signature
/s/ Teresa D Ely, Lmtd POA, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
04 May 2023
Net transactions value
+$18,168
Form type
4
Filing time
05 May 2023, 10:42:41 UTC
Previous filing
14 Apr 2023
Next filing
03 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMMF Common Stock Purchase $18,168 +1,000 +7.4% $18.17 14,595 04 May 2023 Direct F2, F3
holding SMMF Common Stock 13,397 04 May 2023 By ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SMMF Stock-Settled Stock Appreciation Rights 17,947 04 May 2023 Common Stock 17,947 $12.01 Direct F1
holding SMMF Stock-Settled Stock Appreciation Rights 8,151 04 May 2023 Common Stock 8,151 $26.01 Direct F1
holding SMMF Stock-Settled Stock Appreciation Rights 17,052 04 May 2023 Common Stock 17,052 $23.94 Direct F1
holding SMMF Stock-Settled Stock Appreciation Rights 17,221 04 May 2023 Common Stock 17,221 $21.85 Direct F1
holding SMMF Stock-Settled Stock Appreciation Rights 16,730 04 May 2023 Common Stock 16,730 $26.37 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 SARs vests in 5 equal annual installments with the beginning date indicated.
F2 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.02 to $18.19, inclusive. The reporting person undertakes to provide to Summit Financial Group, Inc., any security holder of Summit Financial Group, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
F3 The reported holdings include stock acquired in dividend reinvestment transactions that are exempt from reporting under Rule 16a-11.