PRESIDENT, CEO AND CHAIRMAN Cole M Ray Jr covered exercise/tax liability with 37,982 shares and was granted 9,278 shares, decreasing direct ownership by 20% to 114,000 units (SEC Form 4)
$FBMS
Major Banks
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
FIRST BANCSHARES INC /MS/ [ FBMS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/15/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| COMMON STOCK | 12/15/2024 | F | 1,960 | D | $36.17 | 140,744(1) | D | |||
| COMMON STOCK | 12/15/2024 | F | 1,806 | D | $36.17 | 138,938(2) | D | |||
| COMMON STOCK | 12/15/2024 | F | 2,432 | D | $36.17 | 136,506(3) | D | |||
| COMMON STOCK | 12/15/2024 | F | 2,072 | D | $36.17 | 134,434(4) | D | |||
| COMMON STOCK | 12/15/2024 | F | 13,541 | D | $36.17 | 120,893(5) | D | |||
| COMMON STOCK | 12/15/2024 | F | 4,154 | D | $36.17 | 116,739(6) | D | |||
| COMMON STOCK | 12/15/2024 | F | 4,609 | D | $36.17 | 112,130(7) | D | |||
| COMMON STOCK | 12/15/2024 | F | 3,479 | D | $36.17 | 108,651(8) | D | |||
| COMMON STOCK | 12/15/2024 | A | 9,278 | A | (9) | 117,929(9) | D | |||
| COMMON STOCK | 12/15/2024 | F | 3,929 | D | $36.17 | 114,000(10) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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. Includes 3,381 shares of restricted stock (remaining after 1,960 shares were surrendered for taxes) that were granted on March 1, 2020 and vested on 12-15-24 on an accelerated basis. |
| 2. Includes 3,094 shares of restricted stock (remaining after 1,806 shares were surrendered for taxes) that were granted on July 17, 2020 and vested on 12-15-24 on an accelerated basis. |
| 3. Includes 4,068 shares of restricted stock (remaining after 2,432 shares were surrendered for taxes) that were granted on March 1, 2021 and vested on 12-15-24 on an accelerated basis. |
| 4. Includes 3,323 shares of restricted stock (remaining after 2,072 shares were surrendered for taxes) that were granted on March 1, 2022 and vested on 12-15-24 on an accelerated basis. |
| 5. Includes 21,449 shares of restricted stock (remaining after 13,541 shares were surrendered for taxes) that were granted on May 19, 2022 and vested on 12-15-24 on an accelerated basis. |
| 6. Includes 6,321 shares of restricted stock (remaining after 4,154 shares were surrendered for taxes) that were granted on February 17, 2023 and vested on 12-15-24 on an accelerated basis. |
| 7. Includes 6,912 shares of restricted stock (remaining after 4,609 shares were surrendered for taxes) that were granted on May 25, 2023 and vested on 12-15-24 on an accelerated basis. |
| 8. Includes 4,976 shares of restricted stock (remaining after 3,479shares were surrendered for taxes) that were granted on February 15, 2024 and vested on 12-15-24 on an accelerated basis. |
| 9. Restricted stock grant of 9,278 shares, subject to forfeiture with the exception of the 3,929 shares that were accelerated and immediately forfeited for taxes. The remaining shares in the amount of 5,349 shares will vest on December 15, 2029. |
| 10. Includes 5,349 shares of restricted stock (remaining after 3,929 shares were surrendered for taxes) that were granted on December 15, 2024. |
| Remarks: |
| M. Ray Cole, Jr. | 12/17/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||