Exec at Primis Financial (FRST) exercises 5,500 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Primis Financial Corp. EVP and Chief Credit Officer Marie Taylor Leibson exercised employee stock options into common shares. On the reported date, she exercised 5,500 stock options and received 5,500 shares of Primis common stock at $11.99 per share.
Following these transactions, she directly holds 68,847.88 shares of common stock. Footnotes state that her direct holdings include 10,061.40 shares in an IRA and 3,000 shares of restricted stock. She also holds performance-based restricted stock units that are eligible to vest in 2027 and 2028 based on performance and time-based conditions.
In addition, 9,761.9171 shares of common stock are held indirectly through a 401(k) plan for her benefit.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,500 shares exercised/converted
Mixed
6 txns
Insider
Leibson Marie Taylor
Role
EVP, Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 5,500 | $0.00 | -- |
| Exercise | Common Stock | 5,500 | $11.99 | $66K |
| holding | Performance-Based Restricted Stock Units | -- | -- | -- |
| holding | Performance-Based Restricted Stock Units | -- | -- | -- |
| holding | Performance-Based Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 68,847.88 shares (Direct);
Performance-Based Restricted Stock Units — 8,531 shares (Direct);
Common Stock — 9,761.917 shares (Indirect, By 401K Plan)
Footnotes (1)
- Includes 10,061.40 shares held in an IRA for Ms. Leibson's benefit. Includes 3,000 shares of Restricted Stock. PSUs are eligible to vest in 2027 and 2028 based on the level of achievement of applicable performance metrics. PSUs are eligible to vest in 2028. PSUs are eligible to vest in 2027.
FAQ
What insider transaction did Primis Financial (FRST) report for Marie Taylor Leibson?
Marie Taylor Leibson reported exercising 5,500 employee stock options into 5,500 shares of Primis common stock. The Form 4 also updates her direct, IRA, restricted stock, PSU, and 401(k) share holdings as of the transaction date.
What price was used when Marie Taylor Leibson exercised Primis (FRST) stock options?
Her stock option exercise resulted in receiving 5,500 Primis common shares at $11.99 per share. The options themselves were recorded with a transaction price of $0.00, reflecting the exercise of a derivative security into common stock.
What performance-based RSUs does Marie Taylor Leibson hold at Primis Financial (FRST)?
She holds several tranches of performance-based restricted stock units, including positions totaling 8,531, 5,000, and 7,000 units. Footnotes state these PSUs are eligible to vest in 2027 and 2028 based on achievement of specified performance metrics.
What indirect Primis Financial (FRST) holdings does Marie Taylor Leibson report?
She reports 9,761.9171 Primis common shares held indirectly through a 401(k) plan. In addition, footnotes note 10,061.40 shares held in an IRA for her benefit, which are part of her overall reported ownership.
What is Marie Taylor Leibson’s role at Primis Financial (FRST)?
Marie Taylor Leibson serves as Executive Vice President and Chief Credit Officer at Primis Financial Corp. Her position is disclosed in the insider ownership filing that reports her option exercise, stock, PSU, IRA, and 401(k) share holdings.