Form 4: Great Southern Bancorp Director Acquires Shares Through DRIP and Holds Options
SEC Form 4
Douglas M. Pitt, a director of Great Southern Bancorp, acquired 63 shares of common stock through a Dividend Reinvestment Plan (DRIP) and holds options to purchase 14,000 shares.
Summary
- On April 16, 2024, Douglas M. Pitt, a director of Great Southern Bancorp, acquired 63 shares of common stock through a DRIP at a price of $50.9544 per share.
- Following this transaction, Pitt directly owns 11,135 shares of Great Southern Bancorp.
- Pitt also holds options to purchase a total of 14,000 shares of common stock, with various vesting schedules and exercise prices ranging from $52.2 to $61.55, expiring between 2027 and 2033.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The director's participation in the DRIP suggests confidence, but it's a routine transaction.
Positives
- The director's participation in the DRIP demonstrates confidence in the company's future.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's prospects. DRIP participation is generally viewed positively, indicating management's belief in the company's long-term value.
Comparison to Industry Standards
- Comparing Great Southern Bancorp to regional bank peers like Commerce Bancshares (CBSH) or UMB Financial Corporation (UMBF), insider activity is a common occurrence.
- Directors often participate in DRIPs or receive stock options as part of their compensation packages.
- The vesting schedules and exercise prices of the options are fairly standard for the industry.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
- It provides transparency regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of common stock acquisition through DRIP |
| 11/15/2019 | First vesting date for 500 shares of options with exercise price $52.2 |
| 11/28/2020 | First vesting date for 500 shares of options with exercise price $55 |
| 11/20/2021 | First vesting date for 500 shares of options with exercise price $60.15 |
| 10/26/2022 | First vesting date for 500 shares of options with exercise price $41.74 |
| 11/17/2023 | First vesting date for 500 shares of options with exercise price $57.98 |
| 11/16/2024 | First vesting date for 500 shares of options with exercise price $61.55 |
| 11/15/2025 | First vesting date for 500 shares of options with exercise price $53.22 |
| 11/15/2027 | Expiration date for options with exercise price $52.2 |
| 11/28/2028 | Expiration date for options with exercise price $55 |
| 11/20/2029 | Expiration date for options with exercise price $60.15 |
| 10/26/2030 | Expiration date for options with exercise price $41.74 |
| 11/17/2031 | Expiration date for options with exercise price $57.98 |
| 11/16/2032 | Expiration date for options with exercise price $61.55 |
| 11/15/2033 | Expiration date for options with exercise price $53.22 |
| 05/14/2024 | Date of signature on the form |
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