Form 4: Great Southern Bancorp CEO Joseph W. Turner Reports Changes in Beneficial Ownership
SEC Form 4
Joseph W. Turner, President/CEO of Great Southern Bancorp, reports changes in beneficial ownership of company stock and options.
Summary
- On May 19, 2025, Joseph W. Turner, the President/CEO of Great Southern Bancorp, filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of Great Southern Bancorp stock and derivative securities.
- Turner directly owns 137,382 shares of common stock.
- He indirectly owns 2,478 shares through his spouse, 11,324 shares through a Children's Trust, 17,889 shares through a 401(k) Plan, and 369,738 shares through LTD Family Partnership.
- He acquired 20 shares of common stock at $51.232 per share on January 14, 2025, through a DRIP acquisition.
- Turner also holds options to purchase a total of 64,650 shares of common stock at prices ranging from $41.3 to $61.79, with various vesting schedules extending to November 20, 2029.
- The options vest in installments annually.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports changes in beneficial ownership.
Positives
- The reporting of beneficial ownership is a standard practice ensuring transparency for investors.
- The DRIP acquisition indicates ongoing investment in the company by the CEO.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects. This filing is consistent with standard regulatory requirements for publicly traded companies.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis.
- Comparing the CEO's holdings and option grants to those of CEOs at similar-sized regional banks (e.g., Commerce Bancshares, UMB Financial Corporation) can provide context.
- The vesting schedules of the options are typical for executive compensation packages.
Stakeholder Impact
- Shareholders may be interested in the CEO's investment activity as an indicator of confidence in the company.
- Employees participating in the 401(k) plan have an indirect stake in the company's performance.
Key Dates
| Date | Description |
|---|---|
| 01/14/2025 | DRIP acquisition of 20 shares at $51.232 per share. |
| 04/14/2025 | Date of earliest transaction reported on the form. |
| 05/19/2025 | Date of Form 4 filing. |
| 10/24/2026 | Expiration date for options to purchase 6,000 shares at $41.3. |
| 11/15/2027 | Expiration date for options to purchase 6,000 shares at $52.2. |
| 11/28/2028 | Expiration date for options to purchase 7,000 shares at $55. |
| 11/20/2029 | Expiration date for options to purchase 7,000 shares at $60.15. |
| 10/26/2030 | Expiration date for options to purchase 7,500 shares at $41.74. |
| 11/17/2031 | Expiration date for options to purchase 7,750 shares at $57.98. |
| 11/16/2032 | Expiration date for options to purchase 7,800 shares at $61.55. |
| 11/15/2033 | Expiration date for options to purchase 7,800 shares at $53.22. |
| 11/20/2034 | Expiration date for options to purchase 7,800 shares at $61.79. |
Keywords
beneficial ownership, Form 4, Great Southern Bancorp, GSBC, Joseph W. Turner, stock options, DRIP, insider trading
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