Mettee Michael M., the Chief Financial Officer and Chief Operating Officer of FB Financial Corp, has reported a recent transaction involving the withholding of shares. This transaction is significant as it highlights the company's approach to managing stock-based compensation.
The filing, made on October 8, 2026, reveals that Mettee acquired 586 shares of common stock on October 1, 2026, which were withheld for tax purposes following the vesting of restricted stock units. Following this transaction, Mettee now owns a total of 49,135 shares directly.
Background
FB Financial Corp, headquartered in Nashville, Tennessee, operates in the state commercial banking sector. The company is identified under the Central Index Key (CIK) number 0001649749. Its fiscal year ends on December 31, and it has undergone a name change from First South Bancorp, Inc. on July 31, 2015. FB Financial Corp is publicly traded with the ticker symbol FBK.
What the Filing Says
The SEC filing states, "As previously reported, the issuer granted restricted stock units to the reporting person, a portion of which vested on October 1, 2026. The issuer withheld 586 shares for tax purposes." This indicates a structured approach to equity compensation, which is common in the banking industry.
Impact
This transaction may affect various stakeholders, including shareholders and employees who are part of similar compensation structures. The filing reflects the ongoing practices within FB Financial Corp regarding how it manages stock options and equity awards.
What's Next
The filing does not say what happens next.