Form 4: First Savings Financial Group CEO Larry Myers Reports Stock and Option Transactions
SEC Form 4 Filing
Larry Myers, President & CEO of First Savings Financial Group, reports acquisition of restricted stock and holdings of stock options and common stock through various means including direct ownership, 401(k), ESOP, and spouse's IRA.
Summary
- Larry Myers, the President & CEO of First Savings Financial Group, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On April 14, 2025, Myers acquired 6,375 shares of common stock.
- These shares are restricted stock that vest at a rate of 20% per year starting April 14, 2026.
- Following the reported transaction, Myers directly owns 72,250 shares of common stock.
- He also indirectly owns 205,592 shares through a 401(k), 30,136 shares through an ESOP, and 84,687 shares through his spouse's IRA.
- Myers also holds various stock options with different exercise prices and expiration dates, totaling 86,887 options.
- These options vest at different rates and commencement dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing transactions by an insider. The acquisition of restricted stock is a mildly positive signal, but overall, it's standard procedure.
Positives
- The acquisition of restricted stock could be seen as a positive sign, indicating the CEO's confidence in the company's future performance.
- The vesting schedule of the restricted stock and stock options aligns the CEO's interests with the long-term success of the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Comparing Larry Myers' holdings and transactions to those of CEOs at similar financial institutions would provide a benchmark for assessing the magnitude of his stake and the frequency of his trading activity.
- Analyzing the vesting schedules of his stock options and restricted stock against industry norms would offer insights into the company's executive compensation practices.
- Companies like Old National Bancorp (ONB) or German American Bancorp (GABC) could be considered peers for comparison purposes.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's holdings and transactions.
- The vesting schedules of the stock options and restricted stock align the CEO's interests with those of long-term shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/21/2017 | Date of stock options with an exercise price of $13.36 and an expiration date of 11/21/2026 |
| 11/20/2021 | Date of stock options with an exercise price of $21.1 and an expiration date of 11/20/2030 |
| 11/21/2020 | Date of stock options with an exercise price of $22.12 and an expiration date of 11/21/2029 |
| 11/21/2022 | Date of stock options with an exercise price of $26.72 and an expiration date of 11/21/2031 |
| 11/21/2023 | Date of stock options with an exercise price of $22.49 and an expiration date of 11/21/2032 |
| 11/21/2024 | Date of stock options with an exercise price of $15.1 and an expiration date of 11/21/2033 |
| 11/21/2025 | Date of stock options with an exercise price of $29 and an expiration date of 11/21/2034 |
| 04/14/2025 | Date of transaction: Acquisition of 6,375 shares of common stock. |
| 04/16/2025 | Date of filing of the Form 4. |
| 04/14/2026 | Commencement date for vesting of restricted stock acquired on April 14, 2025. |
Keywords
Form 4, beneficial ownership, stock options, restricted stock, common stock, First Savings Financial Group, FSFG, Larry Myers, CEO
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