James M. Cookman - Jan 1, 2022 Form 4 Insider Report for SUMMIT FINANCIAL GROUP, INC. (SMMF)

Role
Director
Signature
Teresa D. Ely, Lmtd POA Attorney-in-Fact
Stock symbol
SMMF
Transactions as of
Jan 1, 2022
Transactions value $
$0
Form type
4
Date filed
1/6/2022, 10:39 AM
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SMMF Common Stock 26.2K Jan 1, 2022 Direct

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
transaction SMMF Phanton Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -3.66K -37.83% 6.01K Jan 1, 2022 Common Stock 3.66K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock represents the economic equivalent of one share of Summit common stock. The shares of phantom stock are payable only in cash following termination of the reporting person's service as a director of Summit and may be transferred into an alternative investment account at any time.
F2 The reporting person transferred the value of 3,657.65 shares of phantom stock held under Summit's Director Deferred Compensation Plan to alternative investment accounts in the plan. The transfer resulted in the reinvestment of $27.34 for each share of phantom stock.