0001415889-21-000437.txt : 20210128 0001415889-21-000437.hdr.sgml : 20210128 20210128172125 ACCESSION NUMBER: 0001415889-21-000437 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: Davis Gregory L. CENTRAL INDEX KEY: 0001652714 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37661 FILM NUMBER: 21566461 MAIL ADDRESS: STREET 1: 5401 KINGSTON PIKE STREET 2: SUITE 600 CITY: KNOXVILLE STATE: TN ZIP: 37919 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_050115.xml X0306 4 2021-01-28 0001038773 SMARTFINANCIAL INC. SMBK 0001652714 Davis Gregory L. 5401 KINGSTON PIKE SUITE 600 KNOXVILLE TN 37919 false true false false EVP & CHIEF LENDING OFFICER Common Stock 2021-01-28 4 A 0 2500 0 A 33031 D Stock Appreciation Right 21.61 2021-12-31 Common Stock 3000 3000 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. 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. Davis'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. Davis'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