Form 4: Great Southern Bancorp Director Acquires Shares Through DRIP and Holds Options
SEC Form 4 Filing
Director Thomas J. Carlson acquired 132 shares of Great Southern Bancorp through a Dividend Reinvestment Plan (DRIP) and holds options to purchase 16,000 shares.
Summary
- Thomas J. Carlson, a director of Great Southern Bancorp, reported a transaction on April 16, 2024.
- Carlson acquired 132 shares of common stock through a Dividend Reinvestment Plan (DRIP) at a price of $51.0754 per share.
- Following the transaction, Carlson directly owns 100 shares and indirectly owns 17,040 shares through a spouse.
- Carlson also holds options to purchase a total of 16,000 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's participation in the DRIP is a positive sign, but the overall impact is limited.
Positives
- Director's participation in DRIP indicates confidence in the company.
- The director's existing options holdings show a long-term commitment to the company's success.
Industry Context
Insider transactions are closely watched as indicators of management's confidence in the company's prospects within the banking industry.
Comparison to Industry Standards
- Comparing the option vesting schedules and exercise prices to those of executives at regional banks like Commerce Bancshares or UMB Financial Corporation could provide context on the competitiveness of Great Southern Bancorp's compensation packages.
- DRIP participation is a common method for executives to increase their stake in the company, aligning their interests with shareholders.
Stakeholder Impact
- The transaction signals to shareholders that a director is increasing their investment in the company.
- The DRIP acquisition has a minimal impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 10/24/2018 | First vesting date for 500 shares of options with exercise price of $41.3 |
| 11/15/2019 | First vesting date for 500 shares of options with exercise price of $52.2 |
| 11/28/2020 | First vesting date for 500 shares of options with exercise price of $55 |
| 11/20/2021 | First vesting date for 500 shares of options with exercise price of $60.15 |
| 10/26/2022 | First vesting date for 500 shares of options with exercise price of $41.74 |
| 11/17/2023 | First vesting date for 500 shares of options with exercise price of $57.98 |
| 04/16/2024 | Date of the DRIP transaction. |
| 11/16/2024 | First vesting date for 500 shares of options with exercise price of $61.55 |
| 11/15/2025 | First vesting date for 500 shares of options with exercise price of $53.22 |
| 10/24/2026 | Expiration date for options to purchase common stock at $41.3 |
| 11/15/2027 | Expiration date for options to purchase common stock at $52.2 |
| 11/28/2028 | Expiration date for options to purchase common stock at $55 |
| 11/20/2029 | Expiration date for options to purchase common stock at $60.15 |
| 10/26/2030 | Expiration date for options to purchase common stock at $41.74 |
| 11/17/2031 | Expiration date for options to purchase common stock at $57.98 |
| 11/16/2032 | Expiration date for options to purchase common stock at $61.55 |
| 11/15/2033 | Expiration date for options to purchase common stock at $53.22 |
| 05/20/2024 | Date of signature by Power of Attorney. |
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