James M. Cookman - 06 Feb 2023 Form 4 Insider Report for SUMMIT FINANCIAL GROUP, INC.

Role
Director
Signature
Teresa D. Ely, Lmtd POA Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
06 Feb 2023
Net transactions value
+$14,014
Form type
4
Filing time
07 Feb 2023, 08:21:31 UTC
Previous filing
06 Jan 2022
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 $14,014 +530 +2% $26.44 26,740 06 Feb 2023 Direct F3

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 Phanton Stock 6,012 06 Feb 2023 Common Stock 6,012 $0.000000 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 Shares of Phantom Stock are payable only in cash following termination of the reporting person's service as a director of Summit.
F3 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $26.38 to $26.50, 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.