Form 4: First Savings Financial Group Executive Exercises Stock Options and Acquires Shares
SEC Form 4 Filing
Lenfield R. Basham, EVP and CIO of First Savings Financial Group, exercised stock options and acquired 1,200 shares of common stock at $13.36 per share on December 12, 2024.
Summary
- Lenfield R. Basham, an executive at First Savings Financial Group, exercised stock options to acquire 1,200 shares of common stock at a price of $13.36 per share on December 12, 2024.
- Following the transaction, Mr. Basham directly owns 17,890 shares of common stock.
- He also indirectly owns 6,199 shares through a 401(k) plan and 3,701 shares through an ESOP.
- Mr. Basham holds various stock options with different exercise prices and vesting schedules, including options exercisable at $13.36, $22.12, $26.72, $22.49, $15.1, and $29.
- These options vest at a rate of 20% per year, with some already fully vested.
Sentiment
Score: 5
Explanation: The document is a neutral report of an executive's stock option exercise, with no positive or negative implications for the company's performance.
Industry Context
This is a routine SEC Form 4 filing, which is common for publicly traded companies when executives exercise stock options or trade company stock. It provides transparency into insider transactions.
Comparison to Industry Standards
- Stock option grants and vesting schedules are a common form of executive compensation in the financial services industry.
- The vesting schedules of 20% per year are typical for restricted stock and stock options.
- The exercise price of $13.36 is a specific price for this transaction, and would need to be compared to the market price of the stock at the time of the grant to determine if it is in line with industry standards.
- Companies like JPMorgan Chase, Bank of America, and Wells Fargo also use stock options as part of their executive compensation packages, but the specific terms and conditions vary.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it slightly increases the number of outstanding shares.
- The transaction is part of the executive's compensation package and does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 11/21/2017 | Date of grant for some stock options with an expiration date of 11/21/2026. |
| 11/21/2020 | Date of grant for some stock options with an expiration date of 11/21/2029. |
| 11/21/2022 | Date of grant for some stock options with an expiration date of 11/21/2031 and start date for vesting of some restricted stock and stock options. |
| 11/21/2023 | Date of grant for some stock options with an expiration date of 11/21/2032 and start date for vesting of some restricted stock and stock options. |
| 11/21/2024 | Date of grant for some stock options with an expiration date of 11/21/2033 and start date for vesting of some restricted stock and stock options. |
| 12/12/2024 | Date of stock option exercise and share acquisition. |
| 11/21/2025 | Date of grant for some stock options with an expiration date of 11/21/2034 and start date for vesting of some restricted stock and stock options. |
| 12/16/2024 | Date of signature for the SEC filing. |
Keywords
stock options, insider trading, executive compensation, common stock, share acquisition, FSFG, First Savings Financial Group
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