Form 4: First Savings Financial Group Executive Receives Stock Awards and Transfers Shares
SEC Form 4
James W. Nelson, EVP and Chief Risk Officer of First Savings Financial Group, received stock awards and transferred shares pursuant to a Qualified Domestic Relations Order.
Summary
- James W. Nelson, the EVP and Chief Risk Officer of First Savings Financial Group, received 2,040 shares of common stock on April 14, 2025.
- These shares vest at a rate of 20% per year starting on April 14, 2026.
- Nelson also holds stock options with various exercise prices and vesting schedules.
- He transferred shares pursuant to a Qualified Domestic Relations Order.
- Following these transactions, Nelson directly owns 8,023 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing executive compensation. It is neutral in sentiment.
Positives
- The grant of restricted stock and stock options to the EVP and Chief Risk Officer aligns his interests with those of the shareholders.
- The vesting schedules encourage long-term commitment to the company.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing is typical for executives receiving stock-based compensation.
Comparison to Industry Standards
- Stock option grants and restricted stock awards are common compensation practices for executives in the financial services industry.
- Vesting schedules of 20% per year are also typical to incentivize long-term performance.
- Comparable companies such as German American Bancorp and Old National Bancorp also utilize stock-based compensation for their executives.
Stakeholder Impact
- Shareholders can view this as a positive sign that management's interests are aligned with theirs through stock ownership.
- Employees may see this as a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 11/21/2022 | Commencement of vesting for stock options ($26.72) and restricted stock (20% per year) |
| 11/21/2023 | Commencement of vesting for stock options ($22.49) and restricted stock (20% per year) |
| 11/21/2024 | Commencement of vesting for stock options ($15.1) and restricted stock (20% per year) |
| 11/21/2025 | Commencement of vesting for stock options ($29) and restricted stock (20% per year) |
| 04/14/2025 | Date of transaction: Grant of 2,040 shares of restricted stock |
| 04/14/2026 | Commencement of vesting for restricted stock granted on April 14, 2025 (20% per year) |
| 11/21/2031 | Expiration date for stock options with exercise price of $26.72 |
| 11/21/2032 | Expiration date for stock options with exercise price of $22.49 |
| 11/21/2033 | Expiration date for stock options with exercise price of $15.1 |
| 11/21/2034 | Expiration date for stock options with exercise price of $29 |
| 04/16/2025 | Date of signature for the Form 4 filing |
Keywords
stock options, restricted stock, Form 4, beneficial ownership, First Savings Financial Group, FSFG, Nelson, executive compensation
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