JENNINGS SCOTT C 4
4 · SUMMIT FINANCIAL GROUP, INC. · Filed May 5, 2023
Insider Transaction Report
Form 4
JENNINGS SCOTT C
Sr. VP & COO
Transactions
- Purchase
Common Stock
2023-05-04$18.17/sh+1,000$18,168→ 14,595.228 total
Holdings
- 8,151
Stock-Settled Stock Appreciation Rights
Exercise: $26.01From: 2018-02-09Exp: 2027-02-09→ Common Stock (8,151 underlying) - 13,397.21(indirect: By ESOP)
Common Stock
- 17,947
Stock-Settled Stock Appreciation Rights
Exercise: $12.01From: 2016-04-23Exp: 2025-04-23→ Common Stock (17,947 underlying) - 17,052
Stock-Settled Stock Appreciation Rights
Exercise: $23.94From: 2020-02-07Exp: 2029-02-07→ Common Stock (17,052 underlying) - 17,221
Stock-Settled Stock Appreciation Rights
Exercise: $21.85From: 2022-07-15Exp: 2031-07-15→ Common Stock (17,221 underlying) - 16,730
Stock-Settled Stock Appreciation Rights
Exercise: $26.37From: 2024-02-09Exp: 2033-02-09→ Common Stock (16,730 underlying)
Footnotes (3)
- [F1]SARs vests in 5 equal annual installments with the beginning date indicated.
- [F2]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.02 to $18.19, 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.
- [F3]The reported holdings include stock acquired in dividend reinvestment transactions that are exempt from reporting under Rule 16a-11.