0001415889-21-000439.txt : 20210128
0001415889-21-000439.hdr.sgml : 20210128
20210128172144
ACCESSION NUMBER: 0001415889-21-000439
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210128
FILED AS OF DATE: 20210128
DATE AS OF CHANGE: 20210128
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Petty Gary Wayne Jr
CENTRAL INDEX KEY: 0001434890
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37661
FILM NUMBER: 21566468
BUSINESS ADDRESS:
BUSINESS PHONE: 423-385-3054
MAIL ADDRESS:
STREET 1: 6401 LEE HIGHWAY SUITE B
CITY: CHATTANOOGA
STATE: TN
ZIP: 37421
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SMARTFINANCIAL INC.
CENTRAL INDEX KEY: 0001038773
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 621173944
STATE OF INCORPORATION: TN
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5401 KINGSTON PIKE
STREET 2: SUITE 600
CITY: KNOXVILLE
STATE: TN
ZIP: 37919
BUSINESS PHONE: 866-290-2554
MAIL ADDRESS:
STREET 1: 5401 KINGSTON PIKE
STREET 2: SUITE 600
CITY: KNOXVILLE
STATE: TN
ZIP: 37919
FORMER COMPANY:
FORMER CONFORMED NAME: CORNERSTONE BANCSHARES INC
DATE OF NAME CHANGE: 19980402
FORMER COMPANY:
FORMER CONFORMED NAME: EAST RIDGE BANCSHARES INC
DATE OF NAME CHANGE: 19970507
4
1
form4-01282021_050129.xml
X0306
4
2021-01-28
0001038773
SMARTFINANCIAL INC.
SMBK
0001434890
Petty Gary Wayne Jr
5401 KINGSTON PIKE SUITE 600
KNOXVILLE
TN
37919
false
true
false
false
EVP & CHIEF RISK OFFICER
Common Stock
2021-01-28
4
A
0
1500
0
A
4302
D
Common Stock
96
I
By Spouse
Stock Option
6.80
2013-03-01
2021-03-01
Common Stock
3750
3750
D
Stock Option
6.60
2014-03-01
2022-03-01
Common Stock
3750
3750
D
Stock Option
9.48
2015-03-01
2023-03-01
Common Stock
3750
3750
D
Stock Option
9.60
2016-03-01
2024-03-01
Common Stock
3750
3750
D
Stock Option
15.05
2017-09-30
2025-09-30
Common Stock
3588
3588
D
Stock Appreciation Right
21.61
2021-12-31
Common Stock
2000
2000
D
On March 9, 2020, pursuant to the issuer's 2015 Stock Incentive Plan (the "Plan"), the Board of Directors of the issuer approved grants of performance-based restricted stock. Up to 50% of the restricted shares could be earned if the issuer achieved certain core diluted earnings per share targets for the fiscal year ending December 31, 2020, and up to 50% of the restricted shares could be earned if the issuer achieved certain core return on average assets targets for the fiscal year ending December 31, 2020. On January 28, 2021, the Board of Directors determined that all performance goals were met and 100% of the performance-based restricted stock shares were earned.
Fully vested.
This stock appreciation right was granted on 1/25/2018. The stock appreciation right generally vest 100% on the third anniversary of the date of grant, subject to Mr. Petty's continuous service with the Company or a subsidiary or affiliate of the Company through such date. The stock appreciation right vest on an accelerated basis in full in the event of a change in control, again subject to Mr. Petty's continuous service with the Company or a subsidiary or affiliate of the Company through the date of the change in control.
/s/ Glen Allen, Jr., Attorney-in-Fact
2021-01-28