Colony Bankcorp Insiders Report Share Transactions to Regulators

Colony Bankcorp US19623P1012

Recent filings with the U.S. Securities and Exchange Commission (SEC) have provided a fresh look at the equity holdings of key executives at Colony Bankcorp. The mandatory disclosures, made public on Friday, reveal a newly reported stake and a significant non-market transfer of shares.

A Form 4 filing for Brian D. Schmitt, who serves as Director and Executive Vice Chairman of the board, indicates a substantial transfer of holdings. The document shows that Schmitt disposed of 10,000 shares on December 2. The transaction was coded "G," designating it as a bona fide gift, and as such was executed at a price of $0.00.

Following this disposition, Schmitt's remaining direct ownership in Colony Bankcorp stands at 69,995 shares. Such filings offer investors a transparent view into the changing ownership positions of a company's leadership.

New Stake Disclosed by Senior Executive

In a separate filing, Gregory Eiford, an Executive Vice President of the company, has formally reported his equity position for the first time. A Form 3—a statement of initial beneficial ownership of securities—was submitted on December 5. It lists Eiford's direct holdings as 42,806 shares, with a reporting date of December 1. The filing did not report any holdings of derivative securities.

These regulatory submissions highlight the ongoing financial commitment of the company's senior management and board members, providing market participants with insights into insider ownership dynamics.