Form 4: First Savings Financial Group Executive's Stock Activity
Insider Transaction Report
William Eric Howard, EVP and CLO of First Savings Financial Group, reported recent transactions including restricted stock awards and a tax-related share disposition.
Summary
- On November 21, 2025, William Eric Howard disposed of 322 shares of Common Stock at a price of $30.95 per share, likely for tax withholding purposes related to vesting.
- On the same date, Howard acquired 3,000 shares of Common Stock as a restricted stock award with a transaction price of $0.
- Following these transactions, Howard's direct beneficial ownership of Common Stock increased to 12,371 shares.
- Howard also indirectly beneficially owns 3,361 shares of Common Stock through a 401(k) plan.
- The filing details several grants of stock options with various exercise prices and vesting/expiration schedules, including 13,500 fully vested options at $13.36, and other options vesting at 20% annually.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions, including restricted stock awards and tax-related dispositions, which are neutral in sentiment as they reflect standard executive compensation and tax planning rather than a significant change in company outlook or executive confidence.
Positives
- Acquisition of 3,000 shares of restricted stock at a transaction price of $0, indicating new equity compensation.
- Overall increase in direct beneficial ownership of Common Stock to 12,371 shares after the reported transactions.
- Holding of 3,361 shares indirectly through a 401(k) plan, demonstrating long-term investment.
- Significant number of stock options held, including 13,500 fully vested options, aligning executive interests with shareholder value.
Negatives
- Disposition of 322 shares of Common Stock at $30.95, which, while likely for tax purposes, represents a reduction in direct shareholding.
Future Outlook
NA
Industry Context
This Form 4 filing details routine insider equity transactions for an executive at a financial services company. Such transactions are common within the banking and financial sector as part of executive compensation packages, often involving restricted stock awards and the exercise or disposition of shares for tax purposes.
Stakeholder Impact
- Shareholders: Provides transparency into executive equity ownership and compensation, aligning management incentives with shareholder interests through equity awards.
- Employees: Reflects standard executive compensation practices, which may influence broader compensation strategies within the company.
Next Steps
- Continued vesting of various restricted stock awards at a rate of 20% per year, with different commencement dates extending through April 14, 2026.
- Continued vesting of various stock option grants at a rate of 20% per year, with different commencement dates.
- Potential future exercise or expiration of stock options according to their respective schedules, with expiration dates ranging from November 21, 2026, to November 21, 2034.
Key Dates
| Date | Description |
|---|---|
| 11/21/2017 | Grant date for 13,500 fully vested stock options with an exercise price of $13.36. |
| 11/21/2022 | Commencement of 20% annual vesting for certain restricted stock and 7,500 stock options with an exercise price of $26.72. |
| 11/21/2023 | Commencement of 20% annual vesting for certain restricted stock and 3,750 stock options with an exercise price of $22.49. |
| 11/21/2024 | Commencement of 20% annual vesting for certain restricted stock and 4,260 stock options with an exercise price of $15.10. |
| 11/21/2025 | Transaction date for disposition of 322 common shares and acquisition of 3,000 restricted common shares; also commencement of 20% annual vesting for certain restricted stock and 960 stock options with an exercise price of $29.00. |
| 11/25/2025 | Signature date of the reporting person's power of attorney. |
| 04/14/2026 | Commencement of 20% annual vesting for certain restricted stock. |
| 11/21/2026 | Expiration date for 13,500 stock options with an exercise price of $13.36; also commencement of 20% annual vesting for 3,000 restricted stock shares. |
| 11/21/2031 | Expiration date for 7,500 stock options with an exercise price of $26.72. |
| 11/21/2032 | Expiration date for 3,750 stock options with an exercise price of $22.49. |
| 11/21/2033 | Expiration date for 4,260 stock options with an exercise price of $15.10. |
| 11/21/2034 | Expiration date for 960 stock options with an exercise price of $29.00. |
Keywords
FSFG, First Savings Financial Group, Form 4, Insider Transaction, Stock Options, Restricted Stock, Executive Compensation, Beneficial Ownership, Equity Awards
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