FSFG.First Savings Financial Group, INC

Form 4: FSFG Officer Derrick Jackson Reports Stock Acquisition

Sentiment:

Insider Transaction Report

📋All filings for First Savings Financial Group, INC
🔒Login to Follow

First Savings Financial Group officer Derrick B. Jackson reported the acquisition of 3,000 restricted common shares and updated his beneficial ownership.

Summary

  • Derrick B. Jackson, Chief of Credit Admin of Sub at First Savings Financial Group, Inc. (FSFG), reported changes in beneficial ownership.
  • Acquired 3,000 shares of common stock as restricted stock on November 21, 2025, with a price of $0. These shares vest at a rate of 20% per year commencing on November 21, 2026.
  • Directly owns 14,461 shares of common stock, which includes various tranches of restricted stock with vesting schedules from November 21, 2022, to April 14, 2026.
  • Indirectly owns 4,930 shares of common stock through a 401(k) plan.
  • Holds multiple tranches of stock options with exercise prices ranging from $15.10 to $29.00, and expiration dates from November 21, 2027, to November 21, 2034.
  • Several stock option grants are fully vested, while others have vesting schedules commencing from November 21, 2022, to November 21, 2025.

Sentiment

Score: 7

Explanation: The acquisition of restricted stock by a key officer is generally viewed positively as it aligns management's interests with shareholders and incentivizes long-term performance. No negative transactions (e.g., sales) were reported.

Positives

  • Officer Derrick B. Jackson acquired 3,000 restricted shares of common stock, indicating continued alignment with shareholder interests.
  • The acquisition price of $0 for the restricted stock suggests it is part of an equity compensation plan, which can incentivize long-term performance.
  • Significant beneficial ownership (14,461 direct shares and 4,930 indirect shares) demonstrates a substantial stake in the company.

Negatives

  • The filing does not contain any explicitly negative information; it is a routine report of insider transactions.

Risks

  • Restricted stock and stock options are subject to vesting schedules, meaning the shares or options are not fully owned until certain conditions (typically time-based) are met.
  • The value of stock options is dependent on the future market price of FSFG common stock exceeding the exercise price.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction, beyond the vesting schedules of equity awards.

Industry Context

This Form 4 filing is a standard disclosure of an insider's equity transactions and holdings, common across all publicly traded companies. It does not provide specific industry-related insights or comparisons.

Stakeholder Impact

  • Shareholders: Increased insider ownership, even through restricted stock, can be seen as a positive signal of management's confidence and commitment, potentially enhancing investor trust.
  • Employees: The equity compensation structure, including restricted stock and stock options, demonstrates the company's approach to incentivizing key personnel.

Next Steps

  • Vesting of 3,000 restricted shares will commence on November 21, 2026, at a rate of 20% per year.
  • Ongoing vesting of other restricted stock tranches will continue at 20% per year, with commencements on November 21, 2022, November 21, 2023, November 21, 2024, November 21, 2025, and April 14, 2026.
  • Stock options will continue to vest according to their respective schedules, with some already fully vested and others commencing vesting from November 21, 2022, to November 21, 2025.
  • Expiration of various stock options will occur between November 21, 2027, and November 21, 2034.

Key Dates

DateDescription
11/21/2018Date exercisable for 7,200 stock options with an exercise price of $18.85.
11/21/2020Date exercisable for 4,437 stock options with an exercise price of $22.12.
11/20/2021Date exercisable for 813 stock options with an exercise price of $21.10.
11/21/2022Date exercisable for 7,500 stock options with an exercise price of $26.72; Commencement of 20% annual vesting for certain restricted stock and stock options.
11/21/2023Date exercisable for 3,750 stock options with an exercise price of $22.49; Commencement of 20% annual vesting for certain restricted stock and stock options.
11/21/2024Date exercisable for 3,408 stock options with an exercise price of $15.10; Commencement of 20% annual vesting for certain restricted stock and stock options.
11/21/2025Date of earliest transaction (acquisition of 3,000 restricted common shares); Date exercisable for 960 stock options with an exercise price of $29.00; Commencement of 20% annual vesting for certain restricted stock and stock options.
11/25/2025Signature date of the reporting person (via power of attorney).
04/14/2026Commencement of 20% annual vesting for certain restricted stock.
11/21/2026Commencement of 20% annual vesting for 3,000 restricted shares acquired on 11/21/2025.
11/21/2027Expiration date for 7,200 stock options.
11/21/2029Expiration date for 4,437 stock options.
11/20/2030Expiration date for 813 stock options.
11/21/2031Expiration date for 7,500 stock options.
11/21/2032Expiration date for 3,750 stock options.
11/21/2033Expiration date for 3,408 stock options.
11/21/2034Expiration date for 960 stock options.

Keywords

FSFG, First Savings Financial Group, Derrick B. Jackson, Insider Trading, Form 4, Restricted Stock, Stock Options, Beneficial Ownership, Equity Compensation, Officer Transaction

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.