Statement of Changes in Beneficial Ownership (4)
April 02 2021 - 10:37AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Clark Thomas D |
2. Issuer Name and Ticker or Trading Symbol
Cadence Bancorporation
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CADE
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, Chief Information Officer |
(Last)
(First)
(Middle)
2800 POST OAK BLVD, SUITE 3400 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/31/2021 |
(Street)
HOUSTON, TX 77056
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock, par value $0.01 per share | 3/31/2021 | | A | | 590 (1) | A | $20.73 | 16326 | D | |
Class A Common Stock, par value $0.01 per share | 3/31/2021 | | F | | 144 (2) | D | $20.73 | 16182 | D | |
Class A Common Stock, par value $0.01 per share | 3/31/2021 | | F | | 1112 (3) | D | $20.73 | 15070 | D | |
Class A Common Stock, par value $0.01 per share | 4/1/2021 | | A | | 4016 (4) | A | $21.7885 | 19086 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Award of performance stock units received pursuant to the Amended and Restated 2015 Omnibus Incentive Plan granted in 2018, vesting after 3 years depending upon performance, settled in shares of Class A common stock with the fractional shares settled in cash. |
(2) | Represents withholding of shares to cover tax liability associated with the vesting portion of outstanding performance stock units from 2021. |
(3) | Represents withholding of shares to cover tax liability associated with the vesting portion of outstanding restricted stock units from 2018, 2019 and 2020. |
(4) | Represents the grant of time vesting restricted stock pursuant to the Amended and Restated 2015 Omnibus Incentive Plan. The units vest in three equal installments on each March 31, 2022, March 31, 2023 and March 31, 2024, subject to continued employment through each applicable vesting date, and are settled in shares of Class A common stock (with any fractional shares settled in cash). |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Clark Thomas D 2800 POST OAK BLVD SUITE 3400 HOUSTON, TX 77056 |
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| EVP, Chief Information Officer |
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Signatures
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Jerry W Powell, Attorney-In-Fact for Thomas D Clark | | 4/2/2021 |
**Signature of Reporting Person | Date |
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