GSBC.NASDAQGreat Southern Bancorp, INC

Form 4: Great Southern Bancorp CEO Plans Stock Gift

Sentiment:

Insider Transaction Report

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Joseph W. Turner, President/CEO of Great Southern Bancorp, filed a Form 4 detailing a planned gift of 1,200 common shares.

Summary

  • Joseph W. Turner, President/CEO, Director, and 10% Owner of Great Southern Bancorp, Inc. (GSBC), has filed a Form 4 reporting a planned transaction.
  • The filing indicates a planned disposition of 1,200 shares of common stock via a gift (Transaction Code 'G') scheduled for February 23, 2026.
  • The reported price for this planned transaction is $61.82 per share.
  • Following this planned transaction, Mr. Turner's direct beneficial ownership of common stock will be 136,182 shares.
  • His indirect beneficial ownership includes 2,478 shares held by his Spouse, 11,378 shares by a Children's Trust, 18,335 shares in a 401(k) Plan, and 369,738 shares by an LTD Family Partnership.
  • Mr. Turner also holds various stock options with exercise prices ranging from $41.74 to $61.79, expiring between November 15, 2027, and November 19, 2035, totaling 66,450 derivative securities. These options have staggered vesting schedules, with some already vested and others vesting through 2030.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this Form 4 filing as neutral, as it reports a routine insider gift transaction rather than a significant change in the company's operational or financial performance or a strong signal of management's view on future prospects.

Positives

  • The reporting person, Joseph W. Turner, maintains significant direct and indirect beneficial ownership of Great Southern Bancorp common stock, totaling 538,113 shares (136,182 direct + 2,478 spouse + 11,378 children's trust + 18,335 401k + 369,738 partnership) after the planned gift, indicating continued alignment with shareholder interests.
  • Mr. Turner holds a substantial number of stock options (66,450 shares), further aligning his long-term interests with the company's performance.

Negatives

  • The planned gift transaction will result in a reduction of 1,200 shares from the reporting person's direct beneficial ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider gift transactions, especially those pre-planned under Rule 10b5-1, are a routine part of executive compensation and personal financial planning. They do not typically reflect on broader banking industry trends unless part of a larger pattern of insider selling or buying across the sector.

Related Party Transactions

  • Indirect beneficial ownership includes 2,478 shares held by the reporting person's spouse.
  • Indirect beneficial ownership includes 11,378 shares held by a Children's Trust.
  • Indirect beneficial ownership includes 369,738 shares held by an LTD Family Partnership.

Stakeholder Impact

  • Shareholders: Minimal direct impact on share price or company operations from a planned gift of 1,200 shares, given the CEO's substantial remaining holdings.
  • Employees, Customers, Suppliers, Creditors: No direct impact from this insider transaction.

Key Dates

DateDescription
11/15/2019First vesting date for the option to purchase 6,000 shares.
11/28/2020First vesting date for the option to purchase 7,000 shares.
11/20/2021First vesting date for the option to purchase 7,000 shares.
10/26/2022First vesting date for the option to purchase 7,500 shares.
11/17/2023First vesting date for the option to purchase 7,750 shares.
11/16/2024First vesting date for the option to purchase 7,800 shares.
11/15/2025First vesting date for the option to purchase 7,800 shares.
02/23/2026Planned transaction date for the gift of 1,200 common shares.
02/24/2026Date the Form 4 was signed by Power of Attorney.
11/20/2026First vesting date for the option to purchase 7,800 shares.
11/15/2027Expiration date for the option to purchase 6,000 shares.
11/19/2027First vesting date for the option to purchase 7,800 shares.
11/28/2028Expiration date for the option to purchase 7,000 shares.
11/20/2029Expiration date for the option to purchase 7,000 shares.
10/26/2030Expiration date for the option to purchase 7,500 shares.
11/17/2031Expiration date for the option to purchase 7,750 shares.
11/16/2032Expiration date for the option to purchase 7,800 shares.
11/15/2033Expiration date for the option to purchase 7,800 shares.
11/20/2034Expiration date for the option to purchase 7,800 shares.
11/19/2035Expiration date for the option to purchase 7,800 shares.

Recommendation

hold

The filing reports a routine insider gift transaction by the CEO, Joseph W. Turner, involving a relatively small portion of his overall holdings and executed under a pre-planned arrangement. This event does not provide a strong signal for either buying or selling the stock, suggesting a 'hold' recommendation for investors based solely on this filing.

Keywords

Great Southern Bancorp, GSBC, Insider Transaction, Form 4, Stock Gift, Joseph W. Turner, CEO, Director, 10% Owner, Stock Options, 10b5-1 Plan

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