Form 4: First Savings Financial Group Executive Derrick B. Jackson Reports Stock and Option Transactions
SEC Form 4 Filing
Derrick B. Jackson, Chief of Credit Admin of Sub at First Savings Financial Group, reported the acquisition of common stock and stock options, as well as holdings in a 401(k).
Summary
- Derrick B. Jackson, Chief of Credit Admin of Sub at First Savings Financial Group, filed a Form 4 detailing changes in beneficial ownership.
- On November 21, 2024, Jackson acquired 320 shares of common stock and 960 stock options.
- The common stock was acquired at a price of $0, and the stock options have an exercise price of $29.
- Jackson also holds 4,309 shares of common stock indirectly through a 401(k).
- The reported transactions include stock options with various vesting schedules and exercise prices, some of which are fully vested.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing, and the transactions are typical for executive compensation. There is no indication of positive or negative sentiment.
Positives
- The acquisition of stock and options by a company executive could be seen as a positive sign of confidence in the company's future.
Industry Context
Form 4 filings are a standard part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Comparison to Industry Standards
- The vesting schedules and option grants are typical for executive compensation packages in the financial services industry.
- The use of stock options and restricted stock is a common practice to align executive interests with shareholder value.
- Similar filings are made by executives at comparable financial institutions such as Old National Bancorp and German American Bancorp.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder sentiment, as they indicate executive confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 11/21/2018 | Date of stock options with an exercise price of $18.853, expiring 11/21/2027. |
| 11/20/2021 | Date of stock options with an exercise price of $21.1, expiring 11/20/2030. |
| 11/21/2020 | Date of stock options with an exercise price of $22.1166, expiring 11/21/2029. |
| 11/21/2022 | Date of stock options with an exercise price of $26.72, expiring 11/21/2031. |
| 11/21/2023 | Date of stock options with an exercise price of $22.49, expiring 11/21/2032. |
| 11/21/2024 | Date of the reported transactions, including the acquisition of common stock and stock options, and date of stock options with an exercise price of $15.1, expiring 11/21/2033. |
| 11/25/2024 | Date the Form 4 was signed. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Common Stock, Insider Trading, First Savings Financial Group, FSFG, Executive Compensation
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