Form 4: Great Southern Bancorp CEO Joseph W. Turner Reports Stock Acquisition and Option Holdings
SEC Form 4 Filing
Joseph W. Turner, President/CEO of Great Southern Bancorp, reports acquiring shares through a dividend reinvestment program and details holdings of company stock and options.
Summary
- Joseph W. Turner, the President/CEO of Great Southern Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On April 16, 2024, Turner acquired 20 shares of common stock at $50.638 per share through a dividend reinvestment program (DRIP).
- Turner's direct holdings of common stock amount to 137,382 shares.
- He also has indirect ownership through a spouse (2,478 shares), a children's trust (11,251 shares), a 401(k) plan (16,987 shares), and an LTD Family Partnership (369,738 shares).
- Turner holds options to purchase a total of 62,850 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of insider transactions. The CEO's participation in the DRIP program is a mildly positive signal.
Positives
- The CEO's continued investment in the company through the DRIP program could be seen as a positive signal.
- Significant holdings of company stock and options align the CEO's interests with those of shareholders.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies. This filing indicates the CEO's ongoing investment in the company.
Comparison to Industry Standards
- Comparing the CEO's holdings to those of CEOs at similarly sized regional banks would provide context on whether these holdings are typical.
- Analyzing the vesting schedules of the stock options against industry norms for executive compensation would be useful.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding the CEO's investment in the company.
- The information may influence investor sentiment regarding the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of common stock acquisition through DRIP |
| 11/18/2025 | Expiration date of some stock options |
| 10/24/2026 | Expiration date of some stock options |
| 11/15/2027 | Expiration date of some stock options |
| 11/28/2028 | Expiration date of some stock options |
| 11/20/2029 | Expiration date of some stock options |
| 10/26/2030 | Expiration date of some stock options |
| 11/17/2031 | Expiration date of some stock options |
| 11/16/2032 | Expiration date of some stock options |
| 11/15/2033 | Expiration date of some stock options |
| 05/14/2024 | Date of Form 4 filing |
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