BOK Financial (BOKF) EVP logs stock awards, exercise and tax share use
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOK Financial Corp executive Mark B. Wade reported multiple equity compensation moves. On February 17, 2026, he acquired 5,113 shares of common stock as a restricted stock award that vests on January 16, 2029 and is subject to earnings-per-share performance targets. On February 18, 2026, he exercised 1,687 common shares from a derivative award and disposed of 132.413 common shares at $133.56 to cover taxes. He also continued to hold phantom stock units, each representing a right to one common share or its cash value, payable when his employment ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Wade Mark B.
Role
EVP - Texas Market Executive
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 4,262.587 | $0.00 | -- |
| Exercise | Common Stock | 1,687 | $0.00 | -- |
| Tax Withholding | Common Stock | 132.413 | $133.56 | $18K |
| Disposition | Common Stock | 4,262.587 | $0.00 | -- |
| Grant/Award | Common Stock | 5,113 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 5,309.72 shares (Direct);
Common Stock — 26,456 shares (Direct);
Common Stock — 1,946.024 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Represents restricted stock which vests on January 16, 2029. Shares are subject to forfeiture (i) upon termination of employment prior to vesting, and (ii) if certain performance earnings per share targets established pursuant to BOKF Executive Incentive Plan are not met. Represents upward restricted stock adjustments based upon attainment of performance goals established pursuant to the BOKF Executive Incentive Plan for restricted stock awards made in 2023. Prior to issuance, the reporting person elected to defer receipt of 4,395 shares of phantom stock (restricted stock units) issued on February 28, 2023; which such phantom stock vested on February 18, 2026. On vesting, 132.413 shares of the phantom stock were disposed of to pay the taxes on vesting. The remaining 4,262.587 shares of phantom stock remain held by the reporting person as a derivative security. Each share of phantom stock represents a right to receive one share of common stock, or at the Company's election, the cash value thereof. The phantom stock becomes payable upon the reporting person's termination of employment with the Company.
FAQ
What insider transactions did BOKF executive Mark B. Wade report on this Form 4?
Mark B. Wade reported equity awards, an option-like exercise, and related tax dispositions. He received 5,113 restricted common shares, exercised 1,687 common shares from a derivative award, and disposed of 132.413 shares to satisfy tax obligations tied to vesting.
What does the tax-withholding disposition in Mark B. Wade’s BOKF Form 4 represent?
The tax-withholding disposition reflects 132.413 BOK Financial common shares delivered at $133.56 per share. These shares were used to pay taxes upon vesting of deferred phantom stock, rather than representing an open-market sale for investment purposes.
How does Mark B. Wade’s phantom stock in BOK Financial Corp work?
Each phantom stock unit represents a right to receive one BOK Financial common share or its cash value. The units become payable when his employment with the company ends, aligning long-term incentives with the company’s share performance over time.
What performance conditions apply to Mark B. Wade’s BOKF restricted stock awards?
His restricted stock is tied to performance goals under the BOKF Executive Incentive Plan. Shares may be forfeited if certain earnings-per-share targets are not met, and prior awards were adjusted upward based on the attainment of those performance goals for 2023 grants.