Form 4: First Savings Financial Group Executive James W. Nelson Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Risk Officer of First Savings Financial Group, James W. Nelson, reports the disposition and acquisition of company stock and stock options.
Summary
- James W. Nelson, EVP and Chief Risk Officer at First Savings Financial Group, filed a Form 4 detailing recent transactions.
- On November 21, 2024, Mr. Nelson disposed of 293 shares of common stock at $29 per share.
- On the same day, he acquired 320 shares of restricted stock at $0 per share.
- Mr. Nelson also acquired 960 stock options with an exercise price of $29, vesting at 20% per year starting November 21, 2025.
- The report also details existing stock options held by Mr. Nelson with various exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, and does not indicate any positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The vesting schedules for restricted stock and stock options are typical for executive compensation packages.
- The exercise prices of the stock options are generally in line with the market price of the stock at the time of grant.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they provide insight into executive holdings and compensation.
Key Dates
| Date | Description |
|---|---|
| 11/21/2022 | Stock options with an exercise price of $26.72 begin vesting at a rate of 20% per year. |
| 11/21/2023 | Stock options with an exercise price of $22.49 begin vesting at a rate of 20% per year. |
| 11/21/2024 | Shares of restricted stock begin vesting at a rate of 20% per year. Stock options with an exercise price of $15.10 begin vesting at a rate of 20% per year. Mr. Nelson disposed of 293 shares of common stock and acquired 320 shares of restricted stock. Mr. Nelson also acquired 960 stock options with an exercise price of $29. |
| 11/21/2025 | Shares of restricted stock begin vesting at a rate of 20% per year. Stock options with an exercise price of $29 begin vesting at a rate of 20% per year. |
| 11/25/2024 | Date the Form 4 was signed. |
Keywords
Form 4, stock options, restricted stock, insider trading, First Savings Financial Group, FSFG, executive compensation, James W. Nelson
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