Form 4: Great Southern Bancorp CEO Boosts Stock Holdings

Joseph W. Turner, President/CEO of Great Southern Bancorp, acquired additional common stock and received new stock option grants, increasing his beneficial ownership.

Summary

• Joseph W. Turner, President/CEO, Director, and 10% Owner of Great Southern Bancorp, Inc. (GSBC), reported changes in his beneficial ownership.
• Acquired 19 shares of common stock on October 14, 2025, at a price of $60.3 per share through a Dividend Reinvestment Plan (DRIP).
• Received grants for 7,800 new options to purchase common stock on November 19, 2025, each with an exercise price of $57.29. These options vest annually in equal installments of 1,950 shares from November 19, 2027, to November 19, 2030, and expire on November 19, 2035.
• Following these transactions, Mr. Turner directly owns 137,382 shares of common stock and indirectly owns 401,788 shares through various entities (spouse, children's trust, 401(k) plan, LTD Family Partnership).
• His total beneficial ownership of derivative securities (options) increased to 72,450 shares.

Sentiment

Score: 7

Explanation: The filing indicates increased insider ownership through a DRIP and new option grants, which is generally viewed as a positive signal of management's confidence in the company's future prospects. It's a routine transaction but leans positive due to the acquisition and incentive alignment.

Positives

• Insider acquisition of common stock through a DRIP, indicating confidence in the company's performance.
• Grant of new stock options aligns management's interests with long-term shareholder value.
• Increased beneficial ownership by a key executive.

Future Outlook

The vesting schedules for the newly granted and existing stock options extend through 2035, indicating a long-term incentive structure for the President/CEO and aligning his future financial interests with the company's sustained performance.

Industry Context

This filing reflects routine insider compensation and ownership adjustments typical for executives in the banking sector, where stock-based compensation is a common practice to align leadership incentives with shareholder returns.

Stakeholder Impact

• Shareholders: Increased insider ownership may be perceived as a positive sign of management's commitment and belief in the company's value, potentially boosting investor confidence.
• Employees: The compensation structure for the CEO, including stock options, sets a precedent for executive incentives within the company.

Next Steps

• Continued vesting of stock options according to their respective schedules.
• Potential future acquisitions of common stock through the DRIP.

Key Dates

Keywords

Great Southern Bancorp, GSBC, Joseph W. Turner, Insider Trading, Form 4, Stock Options, Common Stock, Beneficial Ownership, CEO, Director, Dividend Reinvestment Plan