Form 4: First Savings Financial Group CEO Larry W. Myers Reports Stock Transactions
SEC Form 4 Filing
First Savings Financial Group's CEO, Larry W. Myers, reported the disposition and acquisition of company stock and stock options on November 21, 2024.
Summary
- Larry W. Myers, the President and CEO of First Savings Financial Group, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On November 21, 2024, Mr. Myers disposed of 984 shares of common stock at a price of $29 per share.
- He also acquired 570 shares of restricted common stock at $0 per share.
- Additionally, Mr. Myers acquired 3,625 stock options with an exercise price of $29.
- The report also details Mr. Myers' existing holdings, including direct and indirect ownership through a 401(k), ESOP, and spouse's IRA.
- The report includes details of various stock options grants with different vesting schedules and exercise prices.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by an executive, with no inherent positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
- The reporting requirements are consistent across all companies, ensuring transparency in insider trading activities.
- Similar filings can be observed for executives at comparable financial institutions such as community banks and regional financial service providers.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, as they reflect changes in insider ownership.
- The vesting schedules of restricted stock and stock options may influence the executive's long-term alignment with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 11/21/2017 | Date of stock options grant with an exercise price of $13.3633, expiring on 11/21/2026. |
| 11/20/2021 | Date of stock options grant with an exercise price of $21.1, expiring on 11/20/2030. |
| 11/21/2020 | Date of stock options grant with an exercise price of $22.1166, expiring on 11/21/2029. |
| 11/21/2022 | Date of stock options grant with an exercise price of $26.72, expiring on 11/21/2031. |
| 11/21/2023 | Date of stock options grant with an exercise price of $22.49, expiring on 11/21/2032. |
| 11/21/2024 | Date of the reported transactions, including the disposition of 984 shares, acquisition of 570 shares, and acquisition of 3,625 stock options. Also the date of a stock option grant with an exercise price of $15.1, expiring on 11/21/2033. |
| 11/25/2024 | Date the Form 4 was signed. |
Keywords
Form 4, insider trading, stock options, restricted stock, beneficial ownership, First Savings Financial Group, FSFG, Larry W. Myers, CEO, equity securities
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