Dvorak Kelly M 4

What Happened

• Kelly M. Dvorak, Chief Legal Counsel of Bank First Corp (BFC), was granted 1,029 shares on 2026-03-06 (transaction code A) valued at $135.23 per share, total $139,152. On the same date 397 shares were disposed to satisfy tax obligations (transaction code F) valued at $53,686. Net shares retained from the award: 632 shares (approx. $85,466 value).

Key Details

• Transaction dates and prices: 2026-03-06 — Award: 1,029 shares @ $135.23 ($139,152); Tax withholding: 397 shares @ $135.23 ($53,686).
• Net retained: 632 shares (1,029 awarded − 397 withheld) — net value ≈ $85,466 at the grant price.
• Footnote: Filing notes shares include those held in the Bank First Retirement Plan.
• Filing timing: Report filed 2026-03-10 for a 2026-03-06 transaction; appears to be filed after the typical 2-business-day window (i.e., late).
• Transaction codes: A = award/grant (acquisition); F = shares withheld to pay tax liability.

Context

• This was an equity award (grant) with shares withheld to cover taxes — a common, administrative event rather than an open-market purchase or sale. The award is an acquisition (a form of insider buy signal in that shares were received), while the withheld shares represent routine tax withholding, not a deliberate sale for investment purposes.