Form 4: Great Southern Bancorp Director Acquires Shares and Holds Options
SEC Form 4
Director Steven D Edwards acquired 26 shares of Great Southern Bancorp through a DRIP and holds options to purchase 4,000 shares.
Summary
- On July 16, 2024, Steven D Edwards, a director of Great Southern Bancorp, acquired 26 shares of common stock through a Dividend Reinvestment Program (DRIP) at a price of $59.937 per share.
- Following this transaction, Edwards directly owns 3,915 shares of Great Southern Bancorp.
- Edwards also holds options to purchase 2,000 shares at an exercise price of $61.55, vesting in four equal installments annually from November 16, 2024, to November 16, 2027.
- Additionally, Edwards holds options to purchase 2,000 shares at an exercise price of $53.22, vesting in four equal installments annually from November 15, 2025, to November 15, 2028.
- Therefore, Edwards holds options to purchase a total of 4,000 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The director's acquisition of shares through DRIP is a mildly positive signal, but the overall impact is limited.
Positives
- The director's participation in the DRIP indicates confidence in the company's future performance.
- The vesting schedules of the options provide a long-term incentive for the director.
Industry Context
Director share ownership and option grants are common practices in the banking industry to align management's interests with those of shareholders.
Stakeholder Impact
- The director's share acquisition could have a slightly positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 07/16/2024 | Date of common stock acquisition through DRIP |
| 11/16/2024 | First vesting date for 500 shares of options at $61.55 |
| 11/16/2025 | Second vesting date for 500 shares of options at $61.55 |
| 11/15/2025 | First vesting date for 500 shares of options at $53.22 |
| 11/16/2026 | Third vesting date for 500 shares of options at $61.55 |
| 11/15/2026 | Second vesting date for 500 shares of options at $53.22 |
| 11/16/2027 | Fourth vesting date for 500 shares of options at $61.55 |
| 11/15/2027 | Third vesting date for 500 shares of options at $53.22 |
| 11/15/2028 | Fourth vesting date for 500 shares of options at $53.22 |
| 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 by Power of Attorney |
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