Form 4: Executive's CFFN Stock & Phantom Stock Transactions

Capitol Federal Financial Executive Vice President Anthony S. Barry reported transactions involving CFFN common stock and phantom stock units, including the cash settlement of 8,080 phantom stock units.

Summary

• Anthony S. Barry, Executive Vice President of Capitol Federal Financial, Inc. (CFFN), reported transactions on December 31, 2025, related to his beneficial ownership.
• These transactions involved the deemed conversion of 8,080 phantom stock units (2022 series) previously acquired under the Issuer's Deferred Incentive Bonus Plan into CFFN common stock at a price of $8.65 per share.
• Simultaneously, the 8,080 shares of CFFN common stock were deemed disposed of in connection with the cash settlement of these phantom stock units at a price of $6.81 per share.
• Following these transactions, Barry directly owns 58,407 shares of CFFN common stock and indirectly owns 10,060 shares through an ESOP.
• Barry also acquired 10,466 new CFFN Phantom Stock units (2025 series) at an exercise price of $6.81, which are scheduled to settle in cash on December 31, 2028.
• He continues to hold 3,574 CFFN Phantom Stock units (2024 series) with an exercise price of $5.91, which are scheduled to settle on December 31, 2027.

Sentiment

Score: 5

Explanation: The filing details routine executive compensation transactions (phantom stock conversion and cash settlement, new phantom stock grants) and does not contain information that would significantly alter the company's financial outlook or operational status.

Positives

• Acquisition of 10,466 new CFFN Phantom Stock units (2025 series) at an exercise price of $6.81, indicating continued participation in the company's incentive plan and alignment with long-term performance.

Negatives

• Disposition of 8,080 shares of CFFN common stock at $6.81 per share due to cash settlement, which reduces direct beneficial ownership of common stock.

Future Outlook

Phantom stock units acquired under the Issuer's Deferred Incentive Bonus Plan are settled in cash three years from the date of acquisition, indicating future cash settlements for the 2024 and 2025 series on their respective expiration dates.

Industry Context

This filing details an individual executive's compensation-related stock transactions, which is a routine disclosure for publicly traded companies and does not inherently reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and stock ownership, which is standard for corporate governance.
• Employees: Reflects the operation of the company's Deferred Incentive Bonus Plan, which may be relevant to other participants in similar plans.

Key Dates

Keywords

CFFN, Capitol Federal Financial, Form 4, insider transaction, phantom stock, executive compensation, stock transactions, deferred incentive bonus plan