Form 4: First Savings Financial Group EVP and CIO, Lenfield R. Basham, Reports Acquisition of Restricted Stock
SEC Form 4
Lenfield R. Basham, EVP and CIO of First Savings Financial Group, reports the acquisition of restricted stock and provides an update on stock options.
Summary
- Lenfield R. Basham, EVP and CIO of First Savings Financial Group, filed a Form 4 detailing changes in beneficial ownership.
- On April 14, 2025, Basham acquired 2,045 shares of common stock.
- These shares are restricted stock and vest at a rate of 20% per year, starting on April 14, 2026.
- Basham directly owns 19,935 shares of common stock.
- Basham indirectly owns 6,199 shares of common stock through a 401(k) and 3,701 shares through an ESOP.
- Basham also holds various stock options with different exercise prices and expiration dates.
- These stock options vest at a rate of 20% per year, commencing on various dates in November.
- The filing was signed by Victor L. Cangelosi, pursuant to power of attorney, on April 16, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by an executive. The acquisition of shares could be seen as a positive sign, but it's a routine filing.
Positives
- The acquisition of restricted stock could indicate confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing is specific to the individual and their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a key executive.
Key Dates
| Date | Description |
|---|---|
| 11/21/2017 | Date exercisable for some stock options with expiration date 11/21/2026. |
| 11/21/2020 | Date exercisable for some stock options with expiration date 11/21/2029. |
| 11/21/2022 | Date exercisable for some stock options with expiration date 11/21/2031 and commencement of vesting for some restricted stock. |
| 11/21/2023 | Date exercisable for some stock options with expiration date 11/21/2032 and commencement of vesting for some restricted stock. |
| 11/21/2024 | Date exercisable for some stock options with expiration date 11/21/2033 and commencement of vesting for some restricted stock. |
| 11/21/2025 | Date exercisable for some stock options with expiration date 11/21/2034 and commencement of vesting for some restricted stock. |
| 04/14/2025 | Date of transaction: acquisition of common stock. |
| 04/16/2025 | Date of signature by power of attorney. |
Keywords
Form 4, beneficial ownership, restricted stock, stock options, First Savings Financial Group, FSFG, Lenfield R. Basham, EVP, CIO
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