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Allegiance Bancshares (ABTX) director Hartzell returned to the company 14,950 shares

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Insider transactions reported

Matthew H. Hartzell (director at Allegiance Bancshares Inc., ABTX) reported that they returned to the company 14,950 shares between Sep 29, 2022 and Oct 1, 2022. After these transactions the filing shows 0 shares held directly.

Reporting person
Hartzell Matthew H.
Common stock and other non-derivative transactions
DateTypeSecuritySharesPriceValueHeld after
Sep 29, 2022Sale back to the company (D)Common Stock1, 2, 3-387--14,563 direct
Oct 1, 2022Sale back to the company (D)Common Stock1, 2-14,563--0 direct

Holdings before and after

  • Common Stock: 14,950 to 0 direct

Footnotes from the filing

  1. 1. On October 1, 2022, pursuant to the Agreement and Plan of Merger (the Merger Agreement ), dated as of November 5, 2021, by and between CBTX, Inc. ( CBTX ) and Allegiance Bancshares, Inc. ( Allegiance ), Allegiance merged with and into CBTX, with CBTX as the surviving corporation (the Merger ). In connection with the Merger, each outstanding share of Allegiance common stock (including vested restricted stock awards), subject to certain limited exceptions, was converted into the right to receive 1.4184 shares of CBTX common stock (the exchange ratio ), with cash payable in lieu of any fractional share. In accordance with the reporting person's restricted stock award agreement, in connection with the Merger, 387 shares of restricted stock were forfeited as of the day prior to the closing date and the reporting person's remaining shares of restricted stock vested.
  2. 2. In connection with the Merger, the reporting person received CBTX common stock in exchange for all of the reporting person's shares of Allegiance common stock (including the foregoing vested restricted stock awards), with cash received in lieu of a fractional share, in each case without interest.
  3. 3. Includes a total of 68 shares that were acquired in several transactions in 2020, 2021 and 2022 under a broker's automatic dividend reinvestment program and were inadvertently unreported.

Transaction codes in this filing

Sale back to the company:
Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

FAQ

What did Hartzell report in this ABTX Form 4?

Matthew H. Hartzell (director at Allegiance Bancshares Inc., ABTX) reported that they returned to the company 14,950 shares between Sep 29, 2022 and Oct 1, 2022. After these transactions the filing shows 0 shares held directly.

How many ABTX shares does Hartzell hold after this filing?

The filing shows 0 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.

What does transaction code D mean on an SEC Form 4?

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

Historical context for ABTX

Earlier insider filings at ABTX

Quantisnow market dataNASDAQ
Allegiance Bancshares Inc. logo
ABTX
Allegiance Bancshares Inc.
Market cap
30-day
Sector
Finance
Industry
Major Banks
Listed since
2015
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