Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | IBTX | Common Stock | Gift | $0 | -1K | -7.69% | $0.00 | 12K | Nov 8, 2024 | Direct | |
transaction | IBTX | Common Stock | Award | +8.93K | +74.43% | 20.9K | Dec 3, 2024 | Direct | F1 | ||
transaction | IBTX | Common Stock | Tax liability | -$201K | -3.01K | -14.37% | $66.85 | 17.9K | Dec 3, 2024 | Direct | F2 |
transaction | IBTX | Common Stock | Tax liability | -$124K | -1.86K | -10.36% | $66.85 | 16.1K | Dec 3, 2024 | Direct | F3 |
Id | Content |
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F1 | Reflects the accelerated vesting of performance-based restricted stock unit awards that were scheduled to vest in 2026 and 2027 and that otherwise would have vested upon the closing of the transactions contemplated by the Agreement and Plan of Merger, dated May 17, 2024, by and between SouthState Corporation and the Company (the Merger Agreement), for the purpose of mitigating potential adverse tax consequences under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, in connection with the consummation of the transactions contemplated by the Merger Agreement. |
F2 | Withholding of shares of common stock to satisfy tax withholding obligations in connection with the settlement of the performance-based restricted stock unit awards as referenced in footnote 1. |
F3 | Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock pursuant to multiple grants under the Issuer's 2022 and 2013 Equity Incentive Plans and for which shares that were scheduled to vest in 2025, 2026 and 2027 were accelerated to vest in connection with the merger transaction as referenced in footnote 1. |