Form 4: Great Southern Bancorp Director Acquires Shares and Holds Options
SEC Form 4 Filing
Director Debra Mallonee Hart acquired 13 shares of Great Southern Bancorp through a dividend reinvestment plan and holds options to purchase a significant number of shares.
Summary
- On July 16, 2024, Debra Mallonee Hart, a director of Great Southern Bancorp, acquired 13 shares of common stock through a dividend reinvestment plan (DRIP) at a price of $59.943 per share.
- Following this transaction, Hart directly owns 1,931 shares of Great Southern Bancorp.
- Hart also holds options to purchase a total of 19,000 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine disclosure of a director's share acquisition through a dividend reinvestment plan and existing option holdings. The DRIP participation is a mildly positive signal.
Positives
- Director's participation in the DRIP indicates confidence in the company.
- The director holds a significant number of options, aligning her interests with shareholders.
Industry Context
Director transactions are routinely monitored as indicators of management's view on the company's prospects. DRIP participation is generally seen as a positive signal.
Comparison to Industry Standards
- Comparing insider ownership and option holdings to peers like Commerce Bancshares (CBSH) or UMB Financial Corporation (UMBF) can provide context on whether Hart's holdings are typical for a director in a similar-sized regional bank.
- Analyzing the vesting schedules and exercise prices of the options against industry norms for executive compensation can offer insights into the alignment of incentives.
Stakeholder Impact
- The director's share acquisition and option holdings could have a slightly positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 03/15/2019 | Vesting start date for 1,250 options at $51.4 |
| 11/15/2019 | Vesting start date for 500 options at $52.2 |
| 11/28/2020 | Vesting start date for 500 options at $55 |
| 11/20/2021 | Vesting start date for 500 options at $60.15 |
| 10/26/2022 | Vesting start date for 500 options at $41.74 |
| 11/17/2023 | Vesting start date for 500 options at $57.98 |
| 11/16/2024 | Vesting start date for 500 options at $61.55 |
| 07/16/2024 | Date of common stock acquisition through DRIP |
| 11/15/2025 | Vesting start date for 500 options at $53.22 |
| 03/15/2027 | Expiration date for options to purchase 5,000 shares at $51.4 |
| 11/15/2027 | Expiration date for options to purchase 2,000 shares at $52.2 |
| 11/28/2028 | Expiration date for options to purchase 2,000 shares at $55 |
| 11/20/2029 | Expiration date for options to purchase 2,000 shares at $60.15 |
| 10/26/2030 | Expiration date for options to purchase 2,000 shares at $41.74 |
| 11/17/2031 | Expiration date for options to purchase 2,000 shares at $57.98 |
| 11/16/2032 | Expiration date for options to purchase 2,000 shares at $61.55 |
| 11/15/2033 | Expiration date for options to purchase 2,000 shares at $53.22 |
| 08/19/2024 | Date of signature on the Form 4 filing |
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