Form 4: Great Southern Bancorp CEO Exercises Options and Sells Shares
SEC Form 4 Filing
Joseph W. Turner, President/CEO of Great Southern Bancorp, exercised stock options and sold shares on November 6, 2024.
Summary
- On November 6, 2024, Joseph W. Turner, the President/CEO of Great Southern Bancorp, exercised options to purchase 6,000 shares of common stock at a price of $50.71 per share.
- On the same day, Turner sold 6,000 shares of common stock at a price of $66.6286 per share.
- Following these transactions, Turner directly owns 137,382 shares of Great Southern Bancorp common stock.
- Turner also indirectly owns shares through his spouse (2,478 shares), a children's trust (11,286 shares), the company's 401(k) plan (17,469 shares), and a LTD Family Partnership (369,738 shares).
- Turner holds options to purchase a total of 56,850 additional shares at prices ranging from $41.3 to $61.55, which vest over various dates.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event. It simply reports the transactions of a company insider. The sentiment is neither positive nor negative without additional context.
Industry Context
This is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company executives.
Comparison to Industry Standards
- Insider trading activity is a common occurrence in publicly listed companies like Great Southern Bancorp.
- Monitoring these transactions is a standard practice for investors to gauge management's sentiment and potential future performance.
- Comparing the frequency and size of insider trades at Great Southern Bancorp to peers like Commerce Bancshares or UMB Financial Corporation can provide insights into relative valuation and management confidence.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
- Employees are unlikely to be directly affected by this transaction.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of earliest transaction: DRIP acquisition exempt from Section 16 reporting being reported voluntarily |
| 11/06/2024 | Date of transaction: Exercise of stock options and sale of shares. |
| 11/08/2024 | Date of signature on the Form 4. |
| 11/18/2025 | Expiration date for some options. |
| 10/24/2026 | Expiration date for some options. |
| 11/15/2027 | Expiration date for some options. |
| 11/28/2028 | Expiration date for some options. |
| 11/20/2029 | Expiration date for some options. |
| 10/26/2030 | Expiration date for some options. |
| 11/17/2031 | Expiration date for some options. |
| 11/16/2032 | Expiration date for some options. |
| 11/15/2033 | Expiration date for some options. |
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