ServisFirst Bancshares, Inc. Annual report pursuant to Section 13 and 15(d)

Note 13 - Employee and Director Benefits (Tables)

12 Months Ended

Dec. 31, 2023

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
								(In Thousands)
Year Ended December 31, 2023:
Outstanding at beginning of year		280,000		$	19.43		3.0	$	14,088
Exercised		(112,200	)		11.84		0.7		6,148
Forfeited		(2,000	)		34.64		5.1		64
Outstanding at end of year		165,800			24.35		2.9		7,211

Exercisable at December 31, 2023:		143,300		$	21.84		2.2	$	6,419

Year Ended December 31, 2022:
Outstanding at beginning of year		353,250		$	19.28		3.8	$	23,525
Exercised		(70,500	)		17.96		2.2		3,592
Forfeited		(2,750	)		37.94		5.4		85
Outstanding at end of year		280,000			19.43		3.0		14,088

Exercisable at December 31, 2022:		220,500		$	14.37		2.0	$	12,279

Year Ended December 31, 2021:
Outstanding at beginning of year		641,450		$	18.15		4.6	$	16,985
Exercised		(278,200	)		12.58		2.8		20,131
Forfeited		(10,000	)		38.38		5.2		466
Outstanding at end of year		353,250			19.28		3.8		23,525

Exercisable at December 31, 2021:		264,000		$	12.89		2.8	$	19,353

Range of Exercise Price		Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
								(In Thousands)
$	6.00 - 7.00		7,500		6.92		0.1		448
	15.00 - 16.00		42,800		15.52		1.1		2,188
	17.00 - 18.00		21,500		17.17		1.3		1,063
	18.00 - 19.00		6,000		18.49		1.7		289
	19.00 - 20.00		24,000		19.16		2.1		1,139
	25.00 - 26.00		4,000		25.41		2.7		165
	33.00-34.00		2,000		33.48		5.0		66
	35.00-36.00		25,000		35.65		4.8		775
	38.00 - 39.00		8,000		38.29		3.1		227
	41.00 - 42.00		1,000		41.21		4.1		25
	43.00 - 44.00		1,500		43.80		4.5		34
			143,300	$	21.84		2.2	$	6,419

	Restricted Stock					PSU
	Shares			Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Year Ended December 31, 2023:
Non-vested at beginning of year		141,580		$	56.39		23,852	$	54.16
Granted		64,880			58.45		8,092		70.29
Vested		(35,163	)		49.85		-		-
Forfeited		(12,999	)		63.78		-		-
Non-vested at end of year		158,298			58.08		31,944		58.25

Year Ended December 31, 2022:
Non-vested at beginning of year		126,975		$	42.74		12,437	$	37.05
Granted		53,974			83.24		11,415		72.81
Vested		(28,160	)		43.27		-		-
Forfeited		(11,209	)		58.82		-		-
Non-vested at end of year		141,580			56.39		23,852		54.16

Year Ended December 31, 2021:
Non-vested at beginning of year		84,307		$	34.93		-	$	-
Granted		69,295			48.92		12,437		37.05
Vested		(14,274	)		29.33		-		-
Forfeited		(12,353	)		39.60		-		-
Non-vested at end of year		126,975			42.74		12,437		37.05