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[8-K] Silvercrest Asset Management Group Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Heritage Financial Corp. (HFWA) â€� Form 4 insider filing

On 06/18/2025, director Ann Watson acquired 2,218 restricted stock units (RSUs). Each RSU represents the right to receive one share of common stock, with an indicated underlying share price of $22.55. The award is scheduled to vest/expire on 05/01/2026. After the grant, Watson directly holds 2,218 derivative securities; no dispositions or additional non-derivative transactions were reported.

The transaction appears to be a routine equity award to a board member and does not materially alter insider ownership levels.

Heritage Financial Corp. (HFWA) � Comunicazione interna Form 4

Il 18/06/2025, la direttrice Ann Watson ha acquisito 2.218 unità di azioni vincolate (RSU). Ogni RSU rappresenta il diritto a ricevere una azione ordinaria, con un prezzo sottostante indicato di 22,55 $. Il premio è previsto in vesting/scadenza il 01/05/2026. Dopo l'assegnazione, Watson detiene direttamente 2.218 titoli derivati; non sono state segnalate cessioni o ulteriori transazioni non-derivate.

L'operazione sembra essere una normale assegnazione azionaria a un membro del consiglio e non modifica significativamente i livelli di partecipazione degli insider.

Heritage Financial Corp. (HFWA) � Presentación interna Formulario 4

El 18/06/2025, la directora Ann Watson adquirió 2,218 unidades de acciones restringidas (RSU). Cada RSU representa el derecho a recibir una acción común, con un precio subyacente indicado de $22.55. La concesión está programada para consolidarse/vencer el 01/05/2026. Tras la adjudicación, Watson posee directamente 2,218 valores derivados; no se reportaron disposiciones ni transacciones adicionales no derivadas.

La transacción parece ser una concesión de acciones rutinaria para un miembro del consejo y no altera materialmente los niveles de propiedad interna.

Heritage Financial Corp. (HFWA) � 내부� 신고� Form 4

2025ë…� 6ì›� 18ì�, ì´ì‚¬ Ann Watsonì� 2,218ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� ì·¨ë“했습니다. ê°� RSUëŠ� 보통ì£� 1주를 ë°›ì„ ê¶Œë¦¬ë¥� 나타내며, 기초 주가ëŠ� $22.55입니ë‹�. ì� ë³´ìƒì€ 2026ë…� 5ì›� 1ì�ì—� 권리 확정/만료ë� 예정입니ë‹�. 수여 í›� Watsonì€ ì§ì ‘ 2,218ê°œì˜ íŒŒìƒ ì¦ê¶Œì� 보유하고 있으ë©�, 처분ì´ë‚˜ 추가 비파ìƒ� 거래ëŠ� ë³´ê³ ë˜ì§€ 않았습니ë‹�.

ì� 거래ëŠ� ì´ì‚¬íš� 구성ì›ì— 대í•� ì¼ìƒì ì¸ ì£¼ì‹ ë³´ìƒìœ¼ë¡œ ë³´ì´ë©� ë‚´ë¶€ìž� 소유 수준ì—� 실질ì ì¸ 변화를 주지 않습니다.

Heritage Financial Corp. (HFWA) � Déclaration d’initié Formulaire 4

Le 18/06/2025, la directrice Ann Watson a acquis 2 218 unités d’actions restreintes (RSU). Chaque RSU donne droit à une action ordinaire, avec un prix sous-jacent indiqué de 22,55 $. La remise est prévue pour être acquise/expire le 01/05/2026. Après l’attribution, Watson détient directement 2 218 titres dérivés ; aucune cession ni transaction non dérivée supplémentaire n’a été signalée.

Cette opération semble être une attribution d’actions courante à un membre du conseil d’administration et ne modifie pas de manière significative les niveaux de détention des initiés.

Heritage Financial Corp. (HFWA) � Insider-Meldung Form 4

Am 18.06.2025 erwarb Direktorin Ann Watson 2.218 Restricted Stock Units (RSUs). Jede RSU berechtigt zum Erhalt einer Stammaktie, mit einem angegebenen zugrunde liegenden Aktienkurs von 22,55 $. Die Zuteilung soll am 01.05.2026 fällig/ablaufen. Nach der Gewährung hält Watson direkt 2.218 derivative Wertpapiere; keine Veräußerungen oder zusätzlichen nicht-derivativen Transaktionen wurden gemeldet.

Die Transaktion scheint eine routinemäßige Aktienzuteilung an ein Vorstandsmitglied zu sein und verändert die Insider-Besitzverhältnisse nicht wesentlich.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU grant; small size; neutral impact on valuation or insider sentiment.

The filing shows a standard director equity award�2,218 RSUs—representing a modest dollar value (�$50k at $22.55). No purchases with personal cash and no sales were reported, so there is limited signaling value. Insider alignment improves marginally, but position size is immaterial relative to HFWA’s 36 million outstanding shares. I view the disclosure as routine and neutral for investors.

TL;DR: Governance-aligned equity compensation; no red flags detected.

Board members often receive annual RSU grants to align interests with shareholders. The vesting date of 05/01/2026 suggests a one-year cliff, consistent with typical banking-sector director compensation plans. No 10b5-1 plan was indicated, and there are no complex derivative structures. Overall, the filing supports standard pay-for-performance practices and introduces no governance concerns.

Heritage Financial Corp. (HFWA) � Comunicazione interna Form 4

Il 18/06/2025, la direttrice Ann Watson ha acquisito 2.218 unità di azioni vincolate (RSU). Ogni RSU rappresenta il diritto a ricevere una azione ordinaria, con un prezzo sottostante indicato di 22,55 $. Il premio è previsto in vesting/scadenza il 01/05/2026. Dopo l'assegnazione, Watson detiene direttamente 2.218 titoli derivati; non sono state segnalate cessioni o ulteriori transazioni non-derivate.

L'operazione sembra essere una normale assegnazione azionaria a un membro del consiglio e non modifica significativamente i livelli di partecipazione degli insider.

Heritage Financial Corp. (HFWA) � Presentación interna Formulario 4

El 18/06/2025, la directora Ann Watson adquirió 2,218 unidades de acciones restringidas (RSU). Cada RSU representa el derecho a recibir una acción común, con un precio subyacente indicado de $22.55. La concesión está programada para consolidarse/vencer el 01/05/2026. Tras la adjudicación, Watson posee directamente 2,218 valores derivados; no se reportaron disposiciones ni transacciones adicionales no derivadas.

La transacción parece ser una concesión de acciones rutinaria para un miembro del consejo y no altera materialmente los niveles de propiedad interna.

Heritage Financial Corp. (HFWA) � 내부� 신고� Form 4

2025ë…� 6ì›� 18ì�, ì´ì‚¬ Ann Watsonì� 2,218ê°œì˜ ì œí•œ ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� ì·¨ë“했습니다. ê°� RSUëŠ� 보통ì£� 1주를 ë°›ì„ ê¶Œë¦¬ë¥� 나타내며, 기초 주가ëŠ� $22.55입니ë‹�. ì� ë³´ìƒì€ 2026ë…� 5ì›� 1ì�ì—� 권리 확정/만료ë� 예정입니ë‹�. 수여 í›� Watsonì€ ì§ì ‘ 2,218ê°œì˜ íŒŒìƒ ì¦ê¶Œì� 보유하고 있으ë©�, 처분ì´ë‚˜ 추가 비파ìƒ� 거래ëŠ� ë³´ê³ ë˜ì§€ 않았습니ë‹�.

ì� 거래ëŠ� ì´ì‚¬íš� 구성ì›ì— 대í•� ì¼ìƒì ì¸ ì£¼ì‹ ë³´ìƒìœ¼ë¡œ ë³´ì´ë©� ë‚´ë¶€ìž� 소유 수준ì—� 실질ì ì¸ 변화를 주지 않습니다.

Heritage Financial Corp. (HFWA) � Déclaration d’initié Formulaire 4

Le 18/06/2025, la directrice Ann Watson a acquis 2 218 unités d’actions restreintes (RSU). Chaque RSU donne droit à une action ordinaire, avec un prix sous-jacent indiqué de 22,55 $. La remise est prévue pour être acquise/expire le 01/05/2026. Après l’attribution, Watson détient directement 2 218 titres dérivés ; aucune cession ni transaction non dérivée supplémentaire n’a été signalée.

Cette opération semble être une attribution d’actions courante à un membre du conseil d’administration et ne modifie pas de manière significative les niveaux de détention des initiés.

Heritage Financial Corp. (HFWA) � Insider-Meldung Form 4

Am 18.06.2025 erwarb Direktorin Ann Watson 2.218 Restricted Stock Units (RSUs). Jede RSU berechtigt zum Erhalt einer Stammaktie, mit einem angegebenen zugrunde liegenden Aktienkurs von 22,55 $. Die Zuteilung soll am 01.05.2026 fällig/ablaufen. Nach der Gewährung hält Watson direkt 2.218 derivative Wertpapiere; keine Veräußerungen oder zusätzlichen nicht-derivativen Transaktionen wurden gemeldet.

Die Transaktion scheint eine routinemäßige Aktienzuteilung an ein Vorstandsmitglied zu sein und verändert die Insider-Besitzverhältnisse nicht wesentlich.

false000154996600015499662025-06-182025-06-18

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 18, 2025

SILVERCREST ASSET MANAGEMENT GROUP INC.

(Exact name of registrant as specified in its charter)

Delaware

001-35733

45-5146560

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

1330 Avenue of the Americas, 38th Floor

New York, New York

10019

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (212) 649-0600

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol(s)

Name of each exchange on which registered:

Class A common stock, $0.01 par value per share

SAMG

Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

 

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 


 

Item 1.01 Entry into a Material Definitive Agreement.

On June 18, 2024, the subsidiaries of Silvercrest L.P. entered into an Amendment and Restatement Agreement (the “A&R Credit Agreement”) with City National Bank. Certain subsidiaries of Silvercrest L.P. are the borrowers under such facility and Silvercrest L.P. guarantees the obligations of its subsidiaries under the credit facility (Silvercrest L.P. and such borrower subsidiaries collectively, the “Credit Parties”). Pursuant to the A&R Credit Agreement, (i) the term loan maturity date is June 18, 2027, (ii) the term loan draw date terminates on June 18, 2025, (iii) the term loan commitment is $10.0 million, and (iv) the $10.0 million revolving credit facility maturity date is June 18, 2025.

On June 18, 2025, the Credit Parties and City National Bank entered into the First Amendment to the A&R Credit Agreement (the “First Amendment”), whereby, among other items, (i) the term loan maturity date was extended until June 18, 2028, subject to two one-year extensions to June 18, 2030 upon the request of the Credit Parties so long as no Default or Event of Default (each as defined in the First Amendment) exists, (ii) the revolving credit facility maturity date was extended until June 18, 2026, and (iii) the term loan draw date was extended to June 18, 2026. The fee structure was amended so as to provide for additional annual yearly payments of $33,333.33, subject to the terms of the First Amendment.

The foregoing description of the First Amendment is only a summary, does not purport to be complete, and is qualified in its entirety by reference to the full text of the First Amendment which is filed herewith as Exhibit 4.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit
Number

Description

4.1

First Amendment to the Amendment and Restatement Agreement, dated as of June 18, 2025, among Silvercrest Asset Management Group LLC, Silvercrest Investors LLC, Silvercrest Investors II LLC and Silvercrest Financial Services, Inc., as borrowers, City National Bank, a national banking association, and acknowledged by Silvercrest L.P., as guarantor.

104

Cover Page Interactive Data File (embedded within Inline XBRL document).

 


 

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 18, 2025

Silvercrest Asset Management Group Inc.

By:

/s/ Scott A. Gerard

Name: Scott A. Gerard

Title: Chief Financial Officer

 


FAQ

What did Heritage Financial (HFWA) file on 06/23/2025?

A Form 4 reporting director Ann Watson’s acquisition of 2,218 restricted stock units.

How many RSUs did director Ann Watson receive according to the Form 4?

2,218 restricted stock units.

When do the newly granted RSUs to Ann Watson vest or expire?

05/01/2026.

What is the indicated price per share underlying the RSUs in the Form 4?

$22.55 per share.

Did the Form 4 disclose any share dispositions by Ann Watson?

No; the filing reports only an acquisition and shows no dispositions.
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